Granite Ridge Resources Inc
General ticker "GRNT" information:
- Sector: Energy
- Industry: Oil, Gas & Consumable Fuels
- Capitalization: $810.1M
Granite Ridge Resources Inc follows the US Stock Market performance with the rate: 31.1%.
Estimated limits based on current volatility of 3.8%: low 5.62$, high 6.06$
Factors to consider:
- Company pays dividends: last record date 2024-11-29, amount 0.11$ (Y7.11%)
- Price in estimated range
- Earnings for 9 months up through Q3 are below our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [4.58$, 7.36$]
- 2024-12-30 to 2025-12-30 estimated range: [4.54$, 7.32$]
Financial Metrics affecting the GRNT estimates:
- Positive: 0.10 < Non-GAAP EPS, $ of 0.81
- Positive: Operating cash flow per share per price, % of 37.57 > 12.76
- Positive: Return on assets ratio (scaled to [-100,100]) of 8.04 > 7.10
- Positive: Operating profit margin, % of 29.76 > 19.51
- Positive: Industry earnings per price (median), % of 8.26 > 5.96
- Positive: -3.48 < Investing cash flow per share, $ of -2.68
- Positive: Interest expense per share, $ of 0.04 <= 0.14
Short-term GRNT quotes
Long-term GRNT plot with estimates
Financial data
| YTD | 2022-12-31 | 2023-12-31 |
|---|---|---|
| Operating Revenue | $470.52MM | $394.07MM |
| Operating Expenses | $168.37MM | $276.81MM |
| Operating Income | $302.14MM | $117.26MM |
| Non-Operating Income | $-26.95MM | $-11.68MM |
| Interest Expense | $1.99MM | $5.32MM |
| Income(Loss) | $275.19MM | $105.58MM |
| Taxes | $12.85MM | $24.48MM |
| Profit(Loss) | $262.34MM | $81.10MM |
| Stockholders Equity | $622.40MM | $671.64MM |
| Inventory | $72.29MM | $0.00MM |
| Assets | $794.78MM | $927.10MM |
| Operating Cash Flow | $346.39MM | $302.87MM |
| Capital expenditure | $234.69MM | $359.20MM |
| Investing Cash Flow | $-230.56MM | $-356.68MM |
| Financing Cash Flow | $-76.85MM | $13.41MM |
| Earnings Per Share* | $1.97 | $0.61 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.