Stock GRNT GRANITE RIDGE RESOURCES, INC.
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Ratings Granite Ridge Resources, Inc.

Equities

GRNT

US3874321074

End-of-day quote Nyse
Other stock markets
 06:00:00 2024-05-23 pm EDT 		5-day change 1st Jan Change
6.57 USD +0.46% Intraday chart for Granite Ridge Resources, Inc. +1.70% +9.14%
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

Summary

  • Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

Strengths

  • Before interest, taxes, depreciation and amortization, the company's margins are particularly high.
  • Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
  • The company is in a robust financial situation considering its net cash and margin position.
  • Its low valuation, with P/E ratio at 9.9 and 8.57 for the ongoing fiscal year and 2025 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • For the past twelve months, EPS forecast has been revised upwards.
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
  • Over the past four months, analysts' average price target has been revised upwards significantly.
  • Analysts' price targets are all relatively close, reflecting good visibility on the company's valuation.

Weaknesses

  • The company's currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness.
  • For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
  • For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
  • The average consensus view of analysts covering the stock has deteriorated over the past four months.
  • Over the past twelve months, analysts' opinions have been revised negatively.

Ratings chart - Surperformance

Sector: Oil & Gas Exploration and Production

1st Jan change Capi. Investor Rating ESG Refinitiv
GRANITE RIDGE RESOURCES, INC. Stock Granite Ridge Resources, Inc.
+9.14% 859M -
CHEVRON CORPORATION Stock Chevron Corporation
+5.76% 291B
A-
CONOCOPHILLIPS Stock ConocoPhillips
+1.02% 137B
C
CNOOC LIMITED Stock CNOOC Limited
+50.92% 124B
B+
CANADIAN NATURAL RESOURCES LIMITED Stock Canadian Natural Resources Limited
+20.56% 81.83B
B
EOG RESOURCES, INC. Stock EOG Resources, Inc.
+1.92% 70.84B
B-
OCCIDENTAL PETROLEUM CORPORATION Stock Occidental Petroleum Corporation
+3.75% 54.93B
C+
HESS CORPORATION Stock Hess Corporation
+5.02% 46.49B
A-
WOODSIDE ENERGY GROUP LTD Stock Woodside Energy Group Ltd
-10.08% 35.16B
A-
DIAMONDBACK ENERGY, INC. Stock Diamondback Energy, Inc.
+24.75% 34.5B
C+
Investor Rating
Trading Rating
ESG Refinitiv
-

Financials

Sales growth
Earnings Growth
EBITDA / Sales
Profitability
Finances

Valuation

P/E ratio
EV / Sales
Price to Book
-
Price to Free Cash Flow
-
Yield
-

Momentum

1 year Revenue revision
4 months Revenue revision
7 days Revenue revision
1 year EPS revision
4 months EPS revision

Consensus

Analyst Opinion
Potential Price Target
4m Target Price Revision
4m Revision of opinion
12m Revision of opinion

Business Predictability

Analyst Coverage
Divergence of Estimates
Divergence of analysts' opinions
Divergence of Target Price
Earnings quality
-

Technical analysis

ST Timing
MT Timing
LT Timing
RSI
Bollinger Spread
Unusual volumes
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