What is Roth Capital’s Estimate for GRNT FY2025 Earnings?

Granite Ridge Resources, Inc. (NYSE:GRNT) – Analysts at Roth Capital boosted their FY2025 earnings per share estimates for shares of Granite Ridge Resources in a research note issued on Sunday, February 9th. Roth Capital analyst J. White now anticipates that the company will post earnings of $0.87 per share for the year, up from their prior estimate of $0.67. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.52 per share.

Granite Ridge Resources Stock Performance

Granite Ridge Resources stock opened at $6.33 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The stock has a market cap of $826.93 million, a PE ratio of 17.57, a P/E/G ratio of 1.36 and a beta of 0.22. Granite Ridge Resources has a 12-month low of $5.47 and a 12-month high of $7.10. The business’s 50-day moving average price is $6.33 and its two-hundred day moving average price is $6.29.

Insider Buying and Selling

In other news, CEO Luke C. Brandenberg acquired 8,495 shares of the stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $6.10 per share, with a total value of $51,819.50. Following the completion of the purchase, the chief executive officer now directly owns 109,128 shares of the company’s stock, valued at $665,680.80. This represents a 8.44 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew Reade Miller bought 18,173 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of $6.49 per share, for a total transaction of $117,942.77. Following the completion of the transaction, the director now owns 711,164 shares in the company, valued at $4,615,454.36. This trade represents a 2.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 78,174 shares of company stock worth $487,743 in the last three months. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Granite Ridge Resources

A number of hedge funds have recently modified their holdings of GRNT. Vanguard Group Inc. grew its position in shares of Granite Ridge Resources by 11.0% in the 4th quarter. Vanguard Group Inc. now owns 4,234,276 shares of the company’s stock valued at $27,353,000 after buying an additional 418,059 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Granite Ridge Resources during the 4th quarter valued at approximately $68,000. Sfmg LLC raised its holdings in Granite Ridge Resources by 22.4% during the 4th quarter. Sfmg LLC now owns 234,243 shares of the company’s stock worth $1,513,000 after purchasing an additional 42,823 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Granite Ridge Resources by 16.0% in the 4th quarter. American Century Companies Inc. now owns 2,056,078 shares of the company’s stock valued at $13,282,000 after purchasing an additional 282,912 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in shares of Granite Ridge Resources by 691.0% during the fourth quarter. Quantbot Technologies LP now owns 9,112 shares of the company’s stock worth $59,000 after buying an additional 7,960 shares during the period. Institutional investors and hedge funds own 31.56% of the company’s stock.

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.