A share price of Granite Ridge Resources Inc [GRNT] is currently trading at $5.94, up 2.95%. An important factor to consider is whether the stock is rising or falling in short-term value. The GRNT shares have gain 9.19% over the last week, with a monthly amount drifted -3.41%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Granite Ridge Resources Inc [NYSE: GRNT] stock has seen the most recent analyst activity on February 21, 2025, when CapitalOne downgraded its rating to a Equal Weight. On May 15, 2024, ROTH MKM initiated with a Buy rating and assigned a price target of $8.80 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $9 on November 07, 2023. Stephens initiated its recommendation with a Overweight and recommended $8 as its price target on September 27, 2023.
Granite Ridge Resources Inc experienced fluctuations in its stock price throughout the past year between $5.27 and $7.10. Granite Ridge Resources Inc [NYSE: GRNT] shares were valued at $5.94 at the most recent close of the market.
Analyzing the GRNT fundamentals
Trailing Twelve Months sales for Granite Ridge Resources Inc [NYSE:GRNT] were 380.03M which represents -0.46% decline. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.84 points at the first support level, and at 5.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.01, and for the 2nd resistance point, it is at 6.08.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Granite Ridge Resources Inc [NYSE:GRNT] is 1.33. On the other hand, the Quick Ratio is 1.33, and the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 2.04, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 41.48.
Transactions by insiders
Recent insider trading involved Miller Matthew Reade, Director, that happened on Mar 14 ’25 when 562.0 shares were purchased. Director, Miller Matthew Reade completed a deal on Dec 16 ’24 to buy 506.0 shares. Meanwhile, President and CEO Brandenberg Luke C bought 8495.0 shares on Dec 11 ’24.
