Granite Ridge Resources, Inc.

Equities

GRNT

US3874321074

Oil & Gas Exploration and Production

End-of-day quote Nyse Other stock markets 06:00:00 2024-07-11 pm EDT			5-day change	1st Jan Change
6.79 ^USD	0.00%		+6.26%	+12.79%

May. 15	Granite Ridge Resources Keeps Quarterly Dividend at $0.11 a Share, Payable June 14 to Shareholders of Record on May 31	MT
May. 15	Granite Ridge Resources Declares Quarterly Cash Dividend, Payable on June 14, 2024	CI

Granite Ridge Resources, Inc. Reports Consolidated Impairment Charges for the First Quarter Ended March 31, 2024

May 09, 2024 at 04:27 pm EDT

Granite Ridge Resources, Inc. reported consolidated impairment charges for the first quarter ended March 31, 2024. For the quarter, the company reported impairments of unproved properties of $732,000.

Latest news about Granite Ridge Resources, Inc.

Granite Ridge Resources Keeps Quarterly Dividend at $0.11 a Share, Payable June 14 to Shareholders of Record on May 31	May. 15	MT
Granite Ridge Resources Declares Quarterly Cash Dividend, Payable on June 14, 2024	May. 15	CI
Roth MKM Initiates Granite Ridge Resources at Buy Rating With $8.80 Price Target	May. 15	MT
Granite Ridge Resources, Inc. Provides Production Guidance for the Third Quarter, Fourth Quarter and Full Year of 2024	May. 10	CI
Transcript : Granite Ridge Resources, Inc., Q1 2024 Earnings Call, May 10, 2024	May. 10
Granite Ridge Resources, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 09	CI
Earnings Flash (GRNT) GRANITE RIDGE RESOURCES Reports Q1 Revenue $89M, vs. Street Est of $87.2M	May. 09	MT
Earnings Flash (GRNT) GRANITE RIDGE RESOURCES Reports Q1 EPS $0.12, vs. Street Est of $0.11	May. 09	MT
Granite Ridge Resources, Inc. Reports Consolidated Impairment Charges for the First Quarter Ended March 31, 2024	May. 09	CI
Evercore ISI Starts Granite Ridge Resources With In Line Rating, $8 Price Target	Apr. 29	MT
Granite Ridge Resources Amends Credit Facility to $300 Million	Apr. 04	MT
Granite Ridge Resources, Inc. Announces Expansion of Revolving Credit Facility	Apr. 04	CI
Transcript : Granite Ridge Resources, Inc. - Special Call	Mar. 13
Transcript : Granite Ridge Resources, Inc., Q4 2023 Earnings Call, Mar 08, 2024	Mar. 08
Granite Ridge Resources Q4 Adjusted Net Income, Sales Fall; Shares Rise After Hours	Mar. 07	MT
Earnings Flash (GRNT) GRANITE RIDGE RESOURCES Posts Q4 Revenue $106.8M, vs. Street Est of $105.3M	Mar. 07	MT
Granite Ridge Resources, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Mar. 07	CI
Granite Ridge Resources, Inc. Reports Unaudited Consolidated Impairments of Long-Lived Assets for the Fourth Quarter Ended December 31, 2023	Mar. 07	CI
Granite Ridge Resources, Inc. Reports Production Results for the Fourth Quarter and Full-Year Ended December 31, 2023	Mar. 07	CI
Granite Ridge Resources, Inc. Provides Production Guidance for the Year 2024	Mar. 07	CI
Granite Ridge Resources Keeps Quarterly Dividend at $0.11 Per Share, Payable March 15 to Investors of Record on March 1	Feb. 15	MT
Granite Ridge Resources, Inc. Declares Quarterly Dividend, Payable on March 15, 2024	Feb. 15	CI
Tranche Update on Granite Ridge Resources, Inc.'s Equity Buyback Plan announced on December 15, 2022.	Feb. 02	CI
Vital Energy, Inc. acquired Granite Ridge Permian Basin Assets for $56.3 million.	Feb. 01	CI
BofA Securities Lowers Granite Ridge Resources' PT to $7 From $9, Keeps Buy Rating; Sees Perpetual Backwardation as New Normal, Expects Oil to Remain Volatile	Jan. 05	MT

Chart Granite Ridge Resources, Inc.

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Company Profile

Granite Ridge Resources, Inc. is an oil and gas exploration and production company. It owns a portfolio of wells and top-tier acreage across the Permian and four other prolific unconventional basins across the United States. It holds interests in wells in core operating areas of the Permian, Eagle Ford, Bakken, Haynesville and Denver-Julesburg (DJ) plays. It owns an interest in approximately 2,826 gross (176.50 net) producing wells, 309,472. The Permian Basin extends from southeastern New Mexico into west Texas. The Permian Basin consists of mature legacy onshore oil and liquids-rich natural gas reservoirs. The Eagle Ford shale formation stretches across south Texas and includes Austin Chalk and Buda formations. The Williston Basin stretches through North Dakota, the northwest part of South Dakota, and eastern Montana. The Haynesville Basin is a premier natural gas basin located in Northwestern Louisiana and East Texas. The DJ basin is a geologic basin centered in eastern Colorado.

Sector

Oil & Gas Exploration and Production

Calendar

2024-08-07 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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Ratings for Granite Ridge Resources, Inc.

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

6.79 USD

Average target price

7.96 USD

Spread / Average Target

+17.23%

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