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Granite Ridge Resources, Inc (GRNT)
6.71  -0.02 (-0.3%)    04-23 16:00
Open: 6.74
High: 6.85
Volume: 260,941
  
Pre. Close: 6.73
Low: 6.71
Market Cap: 877(M)
Technical analysis
2024-04-23 4:53:28 PM
Short term     
Mid term     
Targets 6-month :  8.12 1-year :  9.49
Resists First :  6.96 Second :  8.12
Pivot price 6.68
Supports First :  6.47 Second :  6.17
MAs MA(5) :  6.73 MA(20) :  6.61
MA(100) :  6.04 MA(250) :  6.28
MACD MACD :  0.1 Signal :  0.1
%K %D K(14,3) :  62.9 D(3) :  67.3
RSI RSI(14): 57.1
52-week High :  8.13 Low :  5
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
[ GRNT ] has closed below upper band by 45.0%. Bollinger Bands are 36.2% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 6.85 - 6.9 6.9 - 6.94
Low: 6.62 - 6.67 6.67 - 6.7
Close: 6.64 - 6.72 6.72 - 6.78
Company Description

Granite Ridge Resources, Inc. manages private funds with interests in areas of the Midland, Delaware, Bakken, Eagle Ford, DJ, and Haynesville play. It invests in oil and gas exploration and production. The company is based in Dallas, Texas.

Headline News

Sat, 20 Apr 2024
Granite Ridge Resources, Inc. (NYSE:GRNT) Will Pay A US$0.11 Dividend In Four Days - Yahoo Movies UK

Tue, 16 Apr 2024
While institutions own 25% of Granite Ridge Resources, Inc. (NYSE:GRNT), private equity firms are its largest ... - Yahoo Finance

Mon, 15 Apr 2024
Short Interest in Granite Ridge Resources, Inc. (NYSE:GRNT) Declines By 8.5% - MarketBeat

Fri, 12 Apr 2024
Granite Ridge Resources Schedules First Quarter 2024 Earnings Conference Call - Business Wire

Mon, 08 Apr 2024
Capital One Financial Brokers Raise Earnings Estimates for Granite Ridge Resources, Inc. (NYSE:GRNT) - MarketBeat

Thu, 04 Apr 2024
Granite Ridge Resources: Balancing Production Growth With Increasing Debt (NYSE:GRNT) - Seeking Alpha

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Neutral
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Financial Services
Industry:
Shell Companies
Shares Out 131 (M)
Shares Float 54 (M)
Held by Insiders 52.1 (%)
Held by Institutions 31.2 (%)
Shares Short 1,620 (K)
Shares Short P.Month 1,910 (K)
Stock Financials
EPS 0.61
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 5.15
Profit Margin 21.9 %
Operating Margin 48.8 %
Return on Assets (ttm) 10.3 %
Return on Equity (ttm) 12.1 %
Qtrly Rev. Growth -9.2 %
Gross Profit (p.s.) 0
Sales Per Share 2.82
EBITDA (p.s.) 2.31
Qtrly Earnings Growth -69.2 %
Operating Cash Flow 303 (M)
Levered Free Cash Flow -107 (M)
Stock Valuations
PE Ratio 11
PEG Ratio -4.6
Price to Book value 1.3
Price to Sales 2.37
Price to Cash Flow 2.89
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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