Granite Ridge Resources (NYSE:GRNT – Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Granite Ridge Resources (NYSE:GRNT – Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. Granite Ridge Resources had a net margin of 20.58% and a return on equity of 16.35%. The company had revenue of $106.80 million during the quarter. During the same period in the prior year, the firm posted $0.38 EPS. On average, analysts expect Granite Ridge Resources to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Granite Ridge Resources Stock Down 2.0 %
Shares of NYSE:GRNT opened at $6.53 on Wednesday. The company has a market cap of $851.19 million, a price-to-earnings ratio of 10.70 and a beta of 0.20. Granite Ridge Resources has a one year low of $5.00 and a one year high of $8.14. The firm has a fifty day moving average price of $6.42 and a two-hundred day moving average price of $6.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.44 and a quick ratio of 2.44.
Granite Ridge Resources Dividend Announcement
Analyst Ratings Changes
Separately, Evercore ISI began coverage on Granite Ridge Resources in a report on Monday, April 29th. They issued an “in-line” rating and a $8.00 price target on the stock.
Read Our Latest Report on GRNT
Insider Activity
In other news, CFO Tyler Farquharson purchased 5,000 shares of the stock in a transaction on Friday, March 15th. The shares were acquired at an average price of $6.20 per share, for a total transaction of $31,000.00. Following the completion of the transaction, the chief financial officer now directly owns 68,037 shares of the company’s stock, valued at approximately $421,829.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have purchased 9,250 shares of company stock worth $57,190. 1.90% of the stock is currently owned by corporate insiders.
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.
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