At the time of writing, Granite Ridge Resources Inc [GRNT] stock is trading at $5.83, up 1.04%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GRNT shares have gain 5.05% over the last week, with a monthly amount glided 18.02%, and 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.
For the past year, the stock price of Granite Ridge Resources Inc fluctuated between $4.52 and $7.10. Granite Ridge Resources Inc [NYSE: GRNT] shares were valued at $5.83 at the most recent close of the market.
Analyzing the GRNT fundamentals
According to Granite Ridge Resources Inc [NYSE:GRNT], the company’s sales were 413.96M for trailing twelve months, which represents an 38.13% jump. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.4.
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 5.78 points at the first support level, and at 5.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.88, and for the 2nd resistance point, it is at 5.93.
Ratios To Look Out For
It is important to note that Granite Ridge Resources Inc [NYSE:GRNT] has a current ratio of 1.20. As well, the Quick Ratio is 1.20, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 1.85, the price to book ratio is 1.21 and price to earnings (TTM) ratio is 62.49.
Transactions by insiders
Recent insider trading involved Everard Michele J, Director, that happened on May 16 ’25 when 1000.0 shares were purchased. President and CEO, Brandenberg Luke C completed a deal on May 15 ’25 to buy 18252.0 shares. Meanwhile, Director Darden Thaddeus bought 3000.0 shares on May 13 ’25.
