What is Northland Securities’ Forecast for GRNT Q3 Earnings?

Granite Ridge Resources, Inc. (NYSE:GRNT) – Equities researchers at Northland Securities reduced their Q3 2026 earnings per share (EPS) estimates for shares of Granite Ridge Resources in a research note issued on Tuesday, October 20th. Northland Securities analyst J. Grampp now forecasts that the company will post earnings per share of $0.13 for the quarter, down from their previous estimate of $0.16. 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’ Q4 2026 earnings at $0.24 EPS.

GRNT has been the topic of several other research reports. Zacks Research raised shares of Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a report on Thursday, August 20th. Freedom Capital upgraded shares of Granite Ridge Resources from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Wall Street Zen raised shares of Granite Ridge Resources from a “sell” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Granite Ridge Resources in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Granite Ridge Resources Trading Down 0.6%

Shares of GRNT opened at $5.63 on Wednesday. The firm has a market cap of $743.26 million, a P/E ratio of -26.83 and a beta of 0.24. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.02 and a quick ratio of 1.02. Granite Ridge Resources has a 1 year low of $4.18 and a 1 year high of $6.14. The company has a 50 day simple moving average of $4.93 and a two-hundred day simple moving average of $5.00.

Granite Ridge Resources (NYSE:GRNT) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Granite Ridge Resources had a positive return on equity of 4.67% and a negative net margin of 5.56%. The company had revenue of $149.27 million for the quarter, compared to analysts’ expectations of $139.44 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Granite Ridge Resources during the 2nd quarter valued at about $21,910,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Granite Ridge Resources in the 1st quarter valued at about $6,624,000. Bank of New York Mellon Corp purchased a new position in Granite Ridge Resources in the second quarter worth about $4,162,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Granite Ridge Resources in the second quarter worth about $2,210,000. Finally, Dimensional Fund Advisors LP grew its position in Granite Ridge Resources by 15.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,306,999 shares of the company’s stock worth $19,414,000 after acquiring an additional 448,066 shares in the last quarter. 31.56% of the stock is currently owned by institutional investors.

Insider Activity at Granite Ridge Resources

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

Granite Ridge Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Friday, August 28th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Friday, August 28th. Granite Ridge Resources’s payout ratio is currently -209.52%.

About Granite Ridge Resources

Granite Ridge Resources, Inc is an independent energy company focused on acquiring, developing and managing oil and natural gas properties in the United States. The company primarily holds non-operated interests, allowing it to participate in a broad portfolio of wells while relying on third-party operators to conduct drilling and production activities.

Granite Ridge’s asset portfolio is concentrated in major U.S. onshore oil and gas regions, including the Permian Basin and other established producing areas.