GRNT FY2026 EPS Forecast Increased by Northland Securities

Granite Ridge Resources, Inc. (NYSE:GRNT) – Equities research analysts at Northland Securities boosted their FY2026 EPS estimates for shares of Granite Ridge Resources in a research report issued to clients and investors on Monday, August 10th. Northland Securities analyst J. Grampp now expects that the company will post earnings of $0.49 per share for the year, up from their prior estimate of $0.45. Northland Securities has a “Outperform” rating and a $9.00 price target on the stock. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.41 per share. Northland Securities also issued estimates for Granite Ridge Resources’ Q4 2026 earnings at $0.22 EPS and FY2027 earnings at $0.80 EPS.

Several other brokerages also recently commented on GRNT. Stephens cut their price target on shares of Granite Ridge Resources from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Zacks Research downgraded Granite Ridge Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Wall Street Zen raised shares of Granite Ridge Resources from a “sell” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings downgraded shares of Granite Ridge Resources from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.00.

Granite Ridge Resources Trading Up 3.7%

Shares of Granite Ridge Resources stock opened at $5.06 on Tuesday. The company’s 50-day moving average price is $4.68 and its 200-day moving average price is $5.08. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.73. Granite Ridge Resources has a 12-month low of $4.18 and a 12-month high of $6.14. The company has a market cap of $667.41 million, a price-to-earnings ratio of -24.10 and a beta of 0.20.

Granite Ridge Resources (NYSE:GRNT) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $149.27 million during the quarter, compared to analyst estimates of $139.44 million. Granite Ridge Resources had a positive return on equity of 4.60% and a negative net margin of 5.56%.

Hedge Funds Weigh In On Granite Ridge Resources

Several institutional investors and hedge funds have recently modified their holdings of GRNT. Dimensional Fund Advisors LP raised its stake in shares of Granite Ridge Resources by 15.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,306,999 shares of the company’s stock worth $19,414,000 after purchasing an additional 448,066 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Granite Ridge Resources in the 1st quarter worth about $6,624,000. First Trust Advisors LP increased its holdings in Granite Ridge Resources by 47.1% in the 1st quarter. First Trust Advisors LP now owns 366,573 shares of the company’s stock worth $2,152,000 after buying an additional 117,451 shares in the last quarter. Zazove Associates LLC raised its position in Granite Ridge Resources by 1.4% in the 1st quarter. Zazove Associates LLC now owns 692,956 shares of the company’s stock worth $4,068,000 after buying an additional 9,900 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Granite Ridge Resources by 184.7% during the 1st quarter. Renaissance Technologies LLC now owns 65,200 shares of the company’s stock valued at $383,000 after acquiring an additional 42,300 shares during the period. 31.56% of the stock is currently owned by institutional investors.

Insider Transactions at Granite Ridge Resources

In other news, Director Matthew Reade Miller acquired 18,180 shares of the stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $5.21 per share, with a total value of $94,717.80. Following the completion of the transaction, the director owned 1,350,213 shares of the company’s stock, valued at $7,034,609.73. This represents a 1.36% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tyler Farquharson acquired 10,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $5.15 per share, for a total transaction of $51,500.00. Following the acquisition, the chief executive officer owned 344,743 shares of the company’s stock, valued at approximately $1,775,426.45. This trade represents a 2.99% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 148,780 shares of company stock worth $798,208. 8.60% of the stock is owned by company insiders.

Granite Ridge Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Friday, August 28th. Granite Ridge Resources’s payout ratio is presently -209.52%.

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.