What is Northland Securities’ Estimate for GRNT Q4 Earnings?

Granite Ridge Resources, Inc. (NYSE:GRNT) – Stock analysts at Northland Securities lifted their Q4 2026 earnings estimates for Granite Ridge Resources in a report issued on Monday, November 9th. Northland Securities analyst J. Grampp now anticipates that the company will earn $0.30 per share for the quarter, up from their prior forecast of $0.24. 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’ Q2 2027 earnings at $0.29 EPS, Q3 2027 earnings at $0.25 EPS, Q4 2027 earnings at $0.28 EPS and FY2027 earnings at $1.12 EPS.

Granite Ridge Resources (NYSE:GRNT) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $177.21 million during the quarter, compared to analysts’ expectations of $156.24 million. Granite Ridge Resources had a negative net margin of 5.56% and a positive return on equity of 4.67%.

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

Granite Ridge Resources Stock Up 6.1%

GRNT opened at $5.62 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.02 and a current ratio of 1.02. Granite Ridge Resources has a fifty-two week low of $4.18 and a fifty-two week high of $6.14. The firm’s fifty day moving average is $5.04 and its 200 day moving average is $5.08. The stock has a market cap of $740.62 million, a price-to-earnings ratio of -14.04 and a beta of 0.19.

Institutional Investors Weigh In On Granite Ridge Resources

Several large investors have recently made changes to their positions in GRNT. BlackRock Inc. purchased a new stake in shares of Granite Ridge Resources in the second quarter worth about $21,910,000. Dimensional Fund Advisors LP boosted its stake in Granite Ridge Resources by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,306,999 shares of the company’s stock valued at $19,414,000 after buying an additional 448,066 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Granite Ridge Resources during the first quarter valued at approximately $6,624,000. CWA Asset Management Group LLC grew its holdings in Granite Ridge Resources by 15.9% during the 3rd quarter. CWA Asset Management Group LLC now owns 1,056,513 shares of the company’s stock valued at $4,585,000 after buying an additional 144,933 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Granite Ridge Resources by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 949,688 shares of the company’s stock valued at $5,575,000 after buying an additional 12,089 shares in the last quarter. 31.56% of the stock is owned by institutional investors.

Insider Activity at Granite Ridge Resources

In related news, Director John McCartney purchased 5,000 shares of Granite Ridge Resources stock in a transaction on Tuesday, September 1st. The shares were bought at an average cost of $5.04 per share, for a total transaction of $25,200.00. Following the acquisition, the director owned 154,143 shares in the company, valued at approximately $776,880.72. The trade was a 3.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew Miller purchased 10,000 shares of Granite Ridge Resources stock in a transaction on Friday, September 11th. The stock was bought at an average price of $5.03 per share, for a total transaction of $50,300.00. Following the completion of the acquisition, the director owned 1,974,292 shares in the company, valued at $9,930,688.76. The trade was a 0.51% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 24,000 shares of company stock valued at $120,800. Corporate insiders own 8.60% of the company’s stock.

Granite Ridge Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Friday, November 27th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Friday, November 27th. Granite Ridge Resources’s dividend payout ratio (DPR) is presently -110.00%.

About Granite Ridge Resources

Granite Ridge Resources, Inc (NYSE:GRNT) is an independent oil and natural gas exploration and production company. The company primarily owns interests in upstream properties and focuses on developing and producing crude oil, natural gas and natural gas liquids.

Granite Ridge operates primarily through a non-operated business model, partnering with other exploration and production companies that manage drilling and field operations. Its portfolio includes assets across several major U.S.