What is Northland Securities’ Forecast for GRNT Q3 Earnings?

Granite Ridge Resources, Inc. (NYSE:GRNT) – Investment analysts at Northland Securities cut their Q3 2026 earnings per share (EPS) estimates for Granite Ridge Resources in a research note issued on Tuesday, October 20th. Northland Securities analyst J. Grampp now forecasts that the company will post earnings per share of $0.13 for the quarter, down from their prior forecast of $0.16. 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’ Q4 2026 earnings at $0.24 EPS.

Several other equities research analysts have also issued reports on the stock. Freedom Capital upgraded shares of Granite Ridge Resources from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Granite Ridge Resources in a research note on Wednesday, August 19th. Wall Street Zen upgraded shares of Granite Ridge Resources from a “sell” rating to a “buy” rating in a report on Sunday, August 9th. Finally, Zacks Research upgraded shares of Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $11.00.

Granite Ridge Resources Trading Down 0.6%

GRNT stock opened at $5.63 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.76. Granite Ridge Resources has a twelve month low of $4.18 and a twelve month high of $6.14. The stock has a market capitalization of $743.26 million, a price-to-earnings ratio of -26.83 and a beta of 0.24. The firm’s fifty day simple moving average is $4.93 and its two-hundred day simple moving average is $5.00.

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

Institutional Trading of Granite Ridge Resources

Several institutional investors and hedge funds have recently made changes to their positions in the business. CWA Asset Management Group LLC boosted its stake in shares of Granite Ridge Resources by 15.9% during the third quarter. CWA Asset Management Group LLC now owns 1,056,513 shares of the company’s stock valued at $4,585,000 after purchasing an additional 144,933 shares during the period. Independent Wealth Network Inc. grew its holdings in shares of Granite Ridge Resources by 7.7% in the third quarter. Independent Wealth Network Inc. now owns 58,454 shares of the company’s stock worth $254,000 after purchasing an additional 4,167 shares during the last quarter. SummerHaven Investment Management LLC purchased a new position in Granite Ridge Resources in the 3rd quarter worth about $511,000. WINTON GROUP Ltd purchased a new position in Granite Ridge Resources in the 2nd quarter worth about $302,000. Finally, Engineers Gate Manager LP purchased a new position in Granite Ridge Resources in the 2nd quarter worth about $89,000. 31.56% of the stock is currently owned by institutional investors.

Insider Activity at Granite Ridge Resources

In other Granite Ridge Resources news, Director John McCartney acquired 5,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were bought at an average price of $5.04 per share, with a total value of $25,200.00. Following the transaction, the director directly owned 154,143 shares of the company’s stock, valued at $776,880.72. The trade was a 3.35% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Matthew Miller acquired 10,000 shares of the business’s stock in a transaction on Friday, September 11th. The stock was acquired at an average cost of $5.03 per share, for a total transaction of $50,300.00. Following the transaction, the director directly owned 1,974,292 shares in the company, valued at $9,930,688.76. The trade was a 0.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 24,000 shares of company stock worth $120,800 in the last quarter. 8.60% of the stock is owned by company insiders.

Granite Ridge Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Friday, August 28th were issued a dividend of $0.11 per share. 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 presently -209.52%.

About Granite Ridge Resources

Granite Ridge Resources, Inc is an independent energy company focused on acquiring, developing and managing oil and natural gas properties in the United States. The company primarily holds non-operated interests, allowing it to participate in a broad portfolio of wells while relying on third-party operators to conduct drilling and production activities.

Granite Ridge’s asset portfolio is concentrated in major U.S. onshore oil and gas regions, including the Permian Basin and other established producing areas.