Northland Securities Comments on GRNT FY2026 Earnings

Granite Ridge Resources, Inc. (NYSE:GRNT) – Equities research analysts at Northland Securities raised their FY2026 earnings per share (EPS) estimates for Granite Ridge Resources in a research note issued to investors on Monday, November 9th. Northland Securities analyst J. Grampp now expects that the company will post earnings of $0.58 per share for the year, up from their previous forecast of $0.48. 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’ Q1 2027 earnings at $0.30 EPS.

Granite Ridge Resources (NYSE:GRNT) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $177.21 million during the quarter, compared to the consensus estimate of $156.24 million. Granite Ridge Resources had a positive return on equity of 6.82% and a negative net margin of 9.31%.

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

Granite Ridge Resources Price Performance

Shares of NYSE:GRNT opened at $6.01 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.79. The stock’s fifty day simple moving average is $5.06 and its two-hundred day simple moving average is $5.08. Granite Ridge Resources has a 1-year low of $4.18 and a 1-year high of $6.14. The stock has a market cap of $793.02 million, a PE ratio of -15.02 and a beta of 0.19.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC purchased a new stake in shares of Granite Ridge Resources during the second quarter worth $1,329,000. BlackRock Inc. purchased a new position in shares of Granite Ridge Resources in the second quarter valued at $21,910,000. Dimensional Fund Advisors LP grew its position in shares of 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 valued at $19,414,000 after purchasing an additional 448,066 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Granite Ridge Resources in the second quarter valued at $4,162,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Granite Ridge Resources in the first quarter valued at $6,624,000. 31.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Granite Ridge Resources

In other Granite Ridge Resources news, Director Matthew Miller bought 10,000 shares of the stock in a transaction dated Friday, September 11th. The shares were bought at an average cost of $5.03 per share, for a total transaction of $50,300.00. Following the purchase, the director directly owned 1,974,292 shares of the company’s stock, valued at approximately $9,930,688.76. This trade represents a 0.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ronald Kettler purchased 6,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was bought at an average cost of $5.05 per share, for a total transaction of $30,300.00. Following the completion of the acquisition, the chief financial officer directly owned 135,276 shares in the company, valued at $683,143.80. The trade was a 4.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 24,000 shares of company stock worth $120,800 in the last ninety days. Company insiders own 8.60% of the company’s stock.

Granite Ridge Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Friday, November 27th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 27th. This represents a $0.44 annualized dividend and a dividend yield of 7.3%. Granite Ridge Resources’s dividend payout ratio (DPR) is currently -110.00%.

Granite Ridge Resources News Roundup

Here are the key news stories impacting Granite Ridge Resources this week:

• Positive Sentiment: Northland Securities raised its Q4 2026 EPS estimate to $0.30 from $0.24 and its FY2027 estimate to $1.12 from $1.03. The analyst also forecasts EPS of $0.29, $0.25, and $0.28 for Q2, Q3, and Q4 2027, respectively. The upward revisions point to improved earnings expectations, though they are analyst forecasts rather than company guidance.
• Positive Sentiment: Granite Ridge authorized a share repurchase program of up to $35 million, while third-quarter average daily production increased 8% from the second quarter. Buybacks can support shareholder returns, and sequential production growth may indicate improving operations. Granite Ridge: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Wall Street Zen reportedly upgraded Granite Ridge, providing another favorable analyst signal; the available report did not specify the new rating. Granite Ridge Resources Upgraded at Wall Street Zen

Granite Ridge Resources Company Profile

Granite Ridge Resources, Inc. is an independent energy company that acquires, develops and produces oil and natural gas properties in the United States. Its portfolio is primarily made up of non-operated interests, with third-party companies managing day-to-day field operations. The company’s assets provide exposure to several U.S. producing regions, including the Permian, Bakken, Eagle Ford and DJ basins. Its production includes crude oil, natural gas and natural gas liquids. Granite Ridge became a publicly traded company in 2022 through a business combination with Executive Network Partnering Corporation.