Granite Ridge Resources (NYSE:GRNT) Price Target Lowered to $11.00 at Stephens

Granite Ridge Resources (NYSE:GRNT) had its price objective decreased by Stephens from $12.00 to $11.00 in a research report sent to investors on Friday morning, MarketBeat reports. Stephens currently has an overweight rating on the stock.

GRNT has been the subject of a number of other research reports. Zacks Research upgraded shares of Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Granite Ridge Resources in a research report on Friday, April 24th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.00.

Granite Ridge Resources Trading Down 11.5%

Shares of GRNT stock opened at $4.96 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. Granite Ridge Resources has a twelve month low of $4.18 and a twelve month high of $6.72. The company’s 50-day moving average price is $5.48 and its 200-day moving average price is $5.15. The stock has a market cap of $653.61 million, a price-to-earnings ratio of -19.82, a PEG ratio of 0.50 and a beta of 0.26.

Granite Ridge Resources (NYSE:GRNT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.07). Granite Ridge Resources had a positive return on equity of 4.82% and a negative net margin of 7.13%.The firm had revenue of $128.26 million for the quarter, compared to analyst estimates of $126.68 million. As a group, equities analysts predict that Granite Ridge Resources will post 0.7 earnings per share for the current year.

Granite Ridge Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Friday, May 29th. Granite Ridge Resources’s dividend payout ratio (DPR) is 244.44%.

Insider Buying and Selling at Granite Ridge Resources

In related news, Director John Mccartney purchased 5,000 shares of Granite Ridge Resources stock in a transaction dated Thursday, March 12th. The shares were acquired at an average cost of $5.16 per share, with a total value of $25,800.00. Following the purchase, the director owned 136,143 shares of the company’s stock, valued at approximately $702,497.88. The trade was a 3.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Matthew Reade Miller acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of $5.10 per share, for a total transaction of $51,000.00. Following the completion of the acquisition, the director owned 1,328,181 shares in the company, valued at approximately $6,773,723.10. The trade was a 0.76% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 43,158 shares of company stock valued at $222,814. 8.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in shares of Granite Ridge Resources in the 3rd quarter valued at $26,000. Osaic Holdings Inc. increased its stake in Granite Ridge Resources by 264.2% during the second quarter. Osaic Holdings Inc. now owns 5,506 shares of the company’s stock worth $35,000 after purchasing an additional 3,994 shares during the period. EverSource Wealth Advisors LLC increased its stake in Granite Ridge Resources by 2,398.3% during the second quarter. EverSource Wealth Advisors LLC now owns 5,721 shares of the company’s stock worth $36,000 after purchasing an additional 5,492 shares during the period. First Horizon Corp acquired a new stake in shares of Granite Ridge Resources during the fourth quarter worth about $35,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Granite Ridge Resources by 103.0% in the second quarter. Tower Research Capital LLC TRC now owns 9,133 shares of the company’s stock valued at $58,000 after purchasing an additional 4,635 shares during the period. 31.56% of the stock is currently owned by hedge funds and other institutional investors.

Key Granite Ridge Resources News

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

• Positive Sentiment: Granite Ridge increased daily production 18% year over year to 34,467 Boe per day, with oil making up 48% of output, showing continued operational growth.
• Positive Sentiment: The company declared a quarterly cash dividend of $0.11 per share, supporting the stock’s income appeal with an annualized yield around 8.6%.
• Positive Sentiment: Stephens kept an overweight rating on GRNT even after lowering its price target from $12 to $11, implying meaningful upside from current levels. Stephens lowers Granite Ridge price target
• Neutral Sentiment: Granite Ridge reported revenue of $128.26 million, slightly above analyst expectations, which helps offset some of the earnings weakness.
• Negative Sentiment: Adjusted results were disappointing, with EPS of $0.02 versus the $0.09 consensus estimate, signaling weaker profitability than investors expected. Granite Ridge misses Q1 CY2026 revenue estimates
• Negative Sentiment: The company also reported a net loss of $47.0 million, or $0.36 per share, versus net income a year ago, which likely weighed on investor sentiment. Q1 2026 results and dividend announcement

Granite Ridge Resources Company Profile

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.