Q1 EPS Estimates for GRNT Boosted by Capital One Financial

Granite Ridge Resources, Inc. (NYSE:GRNT) – Capital One Financial raised their Q1 2025 EPS estimates for Granite Ridge Resources in a report released on Tuesday, March 25th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $0.18 per share for the quarter, up from their previous forecast of $0.14. Capital One Financial currently has a “Equal Weight” rating on the stock. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.52 per share. Capital One Financial also issued estimates for Granite Ridge Resources’ Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.71 EPS.

Separately, Stephens restated an “overweight” rating and issued a $8.00 target price on shares of Granite Ridge Resources in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

Granite Ridge Resources Price Performance

GRNT stock opened at $6.21 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.56 and a current ratio of 1.56. The business has a 50-day simple moving average of $6.10 and a two-hundred day simple moving average of $6.20. The company has a market capitalization of $811.69 million, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.29 and a beta of 0.23. Granite Ridge Resources has a 52-week low of $5.27 and a 52-week high of $7.10.

Granite Ridge Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date was Friday, February 28th. Granite Ridge Resources’s payout ratio is 314.29%.

Institutional Investors Weigh In On Granite Ridge Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRNT. Grey Rock Energy Management LLC bought a new position in shares of Granite Ridge Resources in the fourth quarter valued at approximately $357,018,000. Spider Management Company LLC grew its stake in Granite Ridge Resources by 21.4% in the 4th quarter. Spider Management Company LLC now owns 4,951,533 shares of the company’s stock valued at $31,987,000 after purchasing an additional 872,282 shares during the period. Georgetown University increased its position in shares of Granite Ridge Resources by 26.6% during the 4th quarter. Georgetown University now owns 3,325,470 shares of the company’s stock valued at $21,483,000 after purchasing an additional 697,823 shares during the last quarter. Millennium Management LLC raised its stake in shares of Granite Ridge Resources by 4,637.3% during the 4th quarter. Millennium Management LLC now owns 481,641 shares of the company’s stock worth $3,111,000 after purchasing an additional 471,474 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Granite Ridge Resources by 45.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,460,485 shares of the company’s stock worth $9,432,000 after buying an additional 454,071 shares during the last quarter. Hedge funds and other institutional investors own 31.56% of the company’s stock.

About Granite Ridge Resources

Granite Ridge Resources, Inc operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc is based in Dallas, Texas.