Granite Ridge Resources (NYSE:GRNT) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Granite Ridge Resources (NYSE:GRNT) from a buy rating to a strong-buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

GRNT has been the subject of several other reports. Freedom Capital upgraded Granite Ridge Resources from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Granite Ridge Resources in a report on Wednesday, August 19th. Northland Securities set a $11.00 price objective on Granite Ridge Resources in a research note on Tuesday, October 20th. Finally, Zacks Research upgraded shares of Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Granite Ridge Resources Stock Up 12.9%

Shares of GRNT opened at $5.27 on Friday. Granite Ridge Resources has a 52 week low of $4.18 and a 52 week high of $6.14. The stock has a market capitalization of $695.38 million, a price-to-earnings ratio of -13.18 and a beta of 0.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day moving average of $5.03 and a 200-day moving average of $5.07.

Granite Ridge Resources (NYSE:GRNT) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $177.21 million for the quarter, compared to the consensus estimate of $156.24 million. Granite Ridge Resources had a positive return on equity of 6.72% and a negative net margin of 9.31%. As a group, sell-side analysts anticipate that Granite Ridge Resources will post 0.47 earnings per share for the current fiscal year.

Granite Ridge Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Friday, November 27th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 27th. This represents a $0.44 annualized dividend and a yield of 8.3%. Granite Ridge Resources’s payout ratio is presently -209.52%.

Insider Buying and Selling at Granite Ridge Resources

In related news, Director Matthew Miller acquired 10,000 shares of the stock in a transaction dated Friday, September 11th. The stock was bought at an average cost of $5.03 per share, for a total transaction of $50,300.00. Following the completion of the transaction, the director directly owned 1,974,292 shares of the company’s stock, valued at $9,930,688.76. The trade was a 0.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John McCartney acquired 5,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were bought at an average price of $5.04 per share, with a total value of $25,200.00. Following the completion of the transaction, the director directly owned 154,143 shares of the company’s stock, valued at $776,880.72. The trade was a 3.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 24,000 shares of company stock worth $120,800. Insiders own 8.60% of the company’s stock.

Institutional Trading of Granite Ridge Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Unison Advisors LLC boosted its holdings in shares of Granite Ridge Resources by 2.4% during the 3rd quarter. Unison Advisors LLC now owns 143,085 shares of the company’s stock worth $621,000 after buying an additional 3,362 shares in the last quarter. Corient Private Wealth LP grew its position in shares of Granite Ridge Resources by 13.8% during the 2nd quarter. Corient Private Wealth LP now owns 33,450 shares of the company’s stock worth $148,000 after buying an additional 4,058 shares during the period. Independent Wealth Network Inc. increased its stake in shares of Granite Ridge Resources by 7.7% in the 3rd quarter. Independent Wealth Network Inc. now owns 58,454 shares of the company’s stock valued at $254,000 after acquiring an additional 4,167 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Granite Ridge Resources in the 2nd quarter valued at $25,000. Finally, Signaturefd LLC lifted its position in shares of Granite Ridge Resources by 525.1% during the 3rd quarter. Signaturefd LLC now owns 7,514 shares of the company’s stock valued at $33,000 after acquiring an additional 6,312 shares during the period. Institutional investors and hedge funds own 31.56% of the company’s stock.

Key Stories Impacting Granite Ridge Resources

Here are the key news stories impacting Granite Ridge Resources this week:

• Positive Sentiment: Granite Ridge reported Q3 2026 earnings of $0.17 per share, above analyst estimates, while revenue of $177.21 million also exceeded expectations. Earnings rose from $0.09 per share a year earlier. Zacks Q3 earnings article
• Positive Sentiment: Operational and capital-return news adds support: the company said production grew 9%, added a Permian partner, approved a $35 million share buyback, and declared a quarterly dividend of $0.11 per share. Granite Ridge Q3 results and dividend announcement
• Positive Sentiment: Sell-side brokerages collectively rate GRNT “Moderate Buy,” providing a supportive analyst signal. Brokerage rating article
• Negative Sentiment: The quarter’s reported net margin was negative 5.56%, a profitability concern despite the earnings and revenue beats. Granite Ridge financial results

Granite Ridge Resources Company Profile

Granite Ridge Resources, Inc (NYSE:GRNT) is an independent oil and natural gas exploration and production company. The company primarily owns interests in upstream properties and focuses on developing and producing crude oil, natural gas and natural gas liquids.

Granite Ridge operates primarily through a non-operated business model, partnering with other exploration and production companies that manage drilling and field operations. Its portfolio includes assets across several major U.S.