Northland Securities Comments on GRNT FY2026 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Investment analysts at Northland Securities upped their FY2026 EPS estimates for Granite Ridge Resources in a research note issued on Monday, November 9th. Northland Securities analyst J. Grampp now forecasts that the company will post earnings per share of $0.58 for the year, up from their prior forecast of $0.48. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.47 per share. Northland Securities also issued estimates for Granite Ridge Resources’ Q1 2027 earnings at $0.30 EPS.

GRNT has been the topic of several other reports. Freedom Capital raised Granite Ridge Resources from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Wall Street Zen upgraded shares of Granite Ridge Resources from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research upgraded shares of Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 20th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Granite Ridge Resources in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Granite Ridge Resources has a consensus rating of “Moderate Buy” and an average target price of $11.00.

Granite Ridge Resources Trading Up 6.0%

NYSE GRNT opened at $6.01 on Wednesday. The business has a 50 day simple moving average of $5.06 and a 200 day simple moving average of $5.08. Granite Ridge Resources has a one year low of $4.18 and a one year high of $6.14. The stock has a market capitalization of $793.02 million, a P/E ratio of -15.02 and a beta of 0.19. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.90 and a quick ratio of 0.90.

Granite Ridge Resources (NYSE:GRNT) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $177.21 million during the quarter, compared to the consensus estimate of $156.24 million. Granite Ridge Resources had a positive return on equity of 6.82% and a negative net margin of 9.31%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Granite Ridge Resources in the second quarter valued at $21,910,000. Dimensional Fund Advisors LP increased its position in shares of Granite Ridge Resources by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,306,999 shares of the company’s stock worth $19,414,000 after acquiring an additional 448,066 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Granite Ridge Resources in the 1st quarter worth about $6,624,000. CWA Asset Management Group LLC raised its holdings in shares of Granite Ridge Resources by 15.9% in the 3rd quarter. CWA Asset Management Group LLC now owns 1,056,513 shares of the company’s stock worth $4,585,000 after acquiring an additional 144,933 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Granite Ridge Resources by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 949,688 shares of the company’s stock worth $5,575,000 after acquiring an additional 12,089 shares during the last quarter. Institutional investors and hedge funds own 31.56% of the company’s stock.

Insider Buying and Selling at Granite Ridge Resources

In other news, Director Matthew Miller bought 10,000 shares of the stock in a transaction dated Friday, September 11th. The shares were bought at an average cost of $5.03 per share, with a total value 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. This trade represents a 0.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ronald Kettler bought 6,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average price of $5.05 per share, for a total transaction of $30,300.00. Following the completion of the acquisition, the chief financial officer owned 135,276 shares in the company, valued at $683,143.80. This represents a 4.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 24,000 shares of company stock valued at $120,800. Company insiders own 8.60% of the company’s stock.

Granite Ridge Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Friday, November 27th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Friday, November 27th. Granite Ridge Resources’s dividend payout ratio (DPR) is -110.00%.

Granite Ridge Resources News Summary

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

• Positive Sentiment: Northland Securities raised its Q4 2026 EPS estimate to $0.30 from $0.24 and its FY2027 estimate to $1.12 from $1.03. The analyst also forecasts EPS of $0.29, $0.25, and $0.28 for Q2, Q3, and Q4 2027, respectively. The upward revisions point to improved earnings expectations, though they are analyst forecasts rather than company guidance.
• Positive Sentiment: Granite Ridge authorized a share repurchase program of up to $35 million, while third-quarter average daily production increased 8% from the second quarter. Buybacks can support shareholder returns, and sequential production growth may indicate improving operations. Granite Ridge: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Wall Street Zen reportedly upgraded Granite Ridge, providing another favorable analyst signal; the available report did not specify the new rating. Granite Ridge Resources Upgraded at Wall Street Zen

Granite Ridge Resources Company Profile

Granite Ridge Resources, Inc. is an independent energy company that acquires, develops and produces oil and natural gas properties in the United States. Its portfolio is primarily made up of non-operated interests, with third-party companies managing day-to-day field operations. The company’s assets provide exposure to several U.S. producing regions, including the Permian, Bakken, Eagle Ford and DJ basins. Its production includes crude oil, natural gas and natural gas liquids. Granite Ridge became a publicly traded company in 2022 through a business combination with Executive Network Partnering Corporation.