Equities Analysts Offer Predictions for GRNT Q2 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Equities research analysts at Northland Securities issued their Q2 2026 earnings estimates for Granite Ridge Resources in a report issued on Wednesday, July 8th. Northland Securities analyst J. Grampp expects that the company will post earnings per share of $0.05 for the quarter. Northland Securities currently has a “Outperform” rating and a $9.00 target price on the stock. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.39 per share. Northland Securities also issued estimates for Granite Ridge Resources’ Q3 2026 earnings at $0.15 EPS, Q4 2026 earnings at $0.16 EPS, FY2026 earnings at $0.38 EPS and FY2027 earnings at $0.66 EPS.

A number of other equities analysts have also commented on the company. Stephens reduced their price objective on Granite Ridge Resources from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Zacks Research upgraded Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings cut 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, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.00.

Granite Ridge Resources Stock Down 1.8%

NYSE GRNT opened at $4.55 on Friday. The stock’s 50 day simple moving average is $4.99 and its 200 day simple moving average is $5.06. Granite Ridge Resources has a one year low of $4.18 and a one year high of $6.14. The firm has a market cap of $600.79 million, a PE ratio of -18.22 and a beta of 0.21. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.93.

Granite Ridge Resources (NYSE:GRNT) last posted its earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The firm had revenue of $128.26 million during the quarter, compared to the consensus estimate of $126.68 million. Granite Ridge Resources had a negative net margin of 7.13% and a positive return on equity of 4.99%.

Granite Ridge Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date was Friday, May 29th. Granite Ridge Resources’s dividend payout ratio (DPR) is presently -176.00%.

Insider Transactions at Granite Ridge Resources

In other news, CEO Tyler Farquharson bought 10,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $5.15 per share, for a total transaction of $51,500.00. Following the completion of the transaction, the chief executive officer directly owned 344,743 shares in the company, valued at $1,775,426.45. The trade was a 2.99% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Griffin Perry purchased 100,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $5.49 per share, for a total transaction of $549,000.00. Following the purchase, the director directly owned 1,163,903 shares of the company’s stock, valued at $6,389,827.47. This trade represents a 9.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 148,780 shares of company stock valued at $798,208 over the last quarter. Corporate insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. grew its stake in Granite Ridge Resources by 12.9% in the third quarter. American Century Companies Inc. now owns 2,661,098 shares of the company’s stock valued at $14,397,000 after acquiring an additional 303,059 shares during the period. Unison Advisors LLC acquired a new stake in shares of Granite Ridge Resources during the fourth quarter worth about $644,000. CWA Asset Management Group LLC lifted its holdings in shares of Granite Ridge Resources by 19.2% during the 4th quarter. CWA Asset Management Group LLC now owns 357,319 shares of the company’s stock valued at $1,679,000 after purchasing an additional 57,656 shares in the last quarter. Bank of New York Mellon Corp grew its position 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 valued at $5,575,000 after purchasing an additional 12,089 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Granite Ridge Resources in the 1st quarter valued at approximately $6,624,000. 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.