Q3 Earnings Forecast for GRNT Issued By Northland Securities

Granite Ridge Resources, Inc. (NYSE:GRNT) – Equities research analysts at Northland Securities raised their Q3 2026 earnings per share (EPS) estimates for shares of Granite Ridge Resources in a note issued to investors on Thursday, July 23rd. Northland Securities analyst J. Grampp now anticipates that the company will post earnings per share of $0.19 for the quarter, up from their previous forecast of $0.15. Northland Securities has a “Outperform” rating and a $9.00 price target on the stock. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.38 per share. Northland Securities also issued estimates for Granite Ridge Resources’ Q4 2026 earnings at $0.19 EPS, FY2026 earnings at $0.45 EPS and FY2027 earnings at $0.74 EPS.

A number of other analysts also recently weighed in on GRNT. Weiss Ratings downgraded shares of Granite Ridge Resources from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Zacks Research upgraded shares of Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Stephens lowered their target price on shares of Granite Ridge Resources from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.00.

Granite Ridge Resources Price Performance

Granite Ridge Resources stock opened at $4.92 on Friday. The stock’s 50 day moving average is $4.82 and its 200 day moving average is $5.06. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $649.48 million, a P/E ratio of -19.70 and a beta of 0.21. Granite Ridge Resources has a one year low of $4.18 and a one year high of $6.14.

Granite Ridge Resources (NYSE:GRNT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The company had revenue of $128.26 million during the quarter, compared to the consensus estimate of $126.68 million. Granite Ridge Resources had a negative net margin of 7.13% and a positive return on equity of 4.99%.

Hedge Funds Weigh In On Granite Ridge Resources

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of Granite Ridge Resources by 5,859.1% during the 2nd quarter. Bank of America Corp DE now owns 4,525,525 shares of the company’s stock worth $28,828,000 after purchasing an additional 4,449,582 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Granite Ridge Resources in the 1st quarter valued at about $6,624,000. Zazove Associates LLC bought a new stake in Granite Ridge Resources in the 4th quarter valued at about $3,210,000. Dimensional Fund Advisors LP raised its stake in Granite Ridge Resources by 15.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,306,999 shares of the company’s stock worth $19,414,000 after buying an additional 448,066 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Granite Ridge Resources by 115.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 827,654 shares of the company’s stock worth $3,890,000 after buying an additional 442,900 shares during the period. Institutional investors and hedge funds own 31.56% of the company’s stock.

Insider Activity at Granite Ridge Resources

In related news, Director Matthew Reade Miller bought 10,600 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of $4.75 per share, with a total value of $50,350.00. Following the completion of the purchase, the director directly owned 1,360,813 shares in the company, valued at $6,463,861.75. The trade was a 0.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tyler Farquharson bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of $5.15 per share, for a total transaction of $51,500.00. Following the completion of the purchase, the chief executive officer owned 344,743 shares of the company’s stock, valued at $1,775,426.45. This represents a 2.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 148,780 shares of company stock worth $798,208. Corporate insiders own 8.60% of the company’s stock.

Granite Ridge Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.44 annualized dividend and a dividend yield of 8.9%. Granite Ridge Resources’s dividend payout ratio (DPR) is -176.00%.

About Granite Ridge Resources

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.