Northland Securities Forecasts GRNT FY2026 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Investment analysts at Northland Securities reduced their FY2026 earnings estimates for shares of Granite Ridge Resources in a research report issued to clients and investors on Tuesday, October 20th. Northland Securities analyst J. Grampp now forecasts that the company will post earnings of $0.48 per share for the year, down from their previous forecast of $0.49. 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’ FY2027 earnings at $1.03 EPS.

Granite Ridge Resources (NYSE:GRNT) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $149.27 million during the quarter, compared to analysts’ expectations of $139.44 million. Granite Ridge Resources had a negative net margin of 5.56% and a positive return on equity of 4.67%.

Several other research firms have also issued reports on GRNT. Freedom Capital raised shares of Granite Ridge Resources from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Granite Ridge Resources in a report on Wednesday, August 19th. Zacks Research upgraded Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 20th. Finally, Wall Street Zen raised Granite Ridge Resources from a “sell” rating to a “buy” rating in a research note on Sunday, August 9th. One equities research 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Granite Ridge Resources Price Performance

Shares of Granite Ridge Resources stock opened at $5.67 on Thursday. 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 firm’s 50-day simple moving average is $4.94 and its 200-day simple moving average is $5.00. Granite Ridge Resources has a twelve month low of $4.18 and a twelve month high of $6.14. The firm has a market cap of $747.21 million, a P/E ratio of -26.98 and a beta of 0.24.

Granite Ridge Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Friday, August 28th were given a $0.11 dividend. The ex-dividend date was Friday, August 28th. This represents a $0.44 dividend on an annualized basis and a yield of 7.8%. Granite Ridge Resources’s payout ratio is -209.52%.

Insider Buying and Selling at Granite Ridge Resources

In other news, CFO Ronald Kettler acquired 6,000 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was bought at an average price of $5.05 per share, with a total value of $30,300.00. Following the completion of the acquisition, the chief financial officer owned 135,276 shares in the company, valued at approximately $683,143.80. This represents a 4.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew Miller bought 10,000 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was purchased at an average price of $5.03 per share, with a total value of $50,300.00. Following the purchase, 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 position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 24,000 shares of company stock worth $120,800 over the last ninety days. Corporate insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC bought a new stake in Granite Ridge Resources during the 2nd quarter worth approximately $25,000. Private Advisor Group LLC bought a new position in Granite Ridge Resources in the 1st quarter valued at $59,000. Susquehanna Fundamental Investments LLC bought a new position in Granite Ridge Resources in the 2nd quarter valued at $47,000. Jefferies Financial Group Inc. acquired a new position in Granite Ridge Resources in the second quarter worth $49,000. Finally, Caxton Associates LLP acquired a new position in Granite Ridge Resources in the first quarter worth $66,000. 31.56% of the stock is owned by institutional investors and hedge funds.

About Granite Ridge Resources

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.