GRNT Stock Analysis: Granite Ridge Resources | NYSE
Oil & Gas E&P | NYSE, USA | Market Cap: 595m USD | 12M Return: -9.4% | US3874321074 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.37M
EPS Trend: -92.1%
Qual. Beats: 0
Rev. Trend: 84.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.9 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Granite Ridge Resources, Inc. (NYSE: GRNT) is a Dallas-based, non-operated exploration and production company focused on U.S. oil and natural gas. Its asset base spans several major unconventional plays, including the Permian, Eagle Ford, Bakken, Haynesville, Denver-Julesburg, and Appalachian basins, giving it geographic diversification across some of the most prolific hydrocarbon regions in North America.
As a non-operating working interest owner, Granite Ridge typically does not run drilling or completion operations itself; instead, it partners with established operators who handle field activities, while Granite Ridge funds its proportionate share of well costs and receives corresponding production and revenue. This model generally requires less capital-intensive overhead than operating an independent E&P, though it leaves the company dependent on third-party operators efficiency, timing, and capital allocation decisions.
- WTI crude and Henry Hub gas prices drive wellhead revenue
- Non-operated model depends on partner operators drilling pace
- Dividend distributions hinge on free cash flow generation
| Net Income: -27.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA 3.13 > 1.0 |
| NWC/Revenue: 0.72% < 20% (prev 6.12%; Δ -5.40% < -1%) |
| CFO/TA 0.21 > 3% & CFO 256.2m > Net Income -27.6m |
| Net Debt (418.0m) to EBITDA (201.6m): 2.07 < 3 |
| Current Ratio: 1.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (130.8m) vs 12m ago 0.18% < -2% |
| Gross Margin: 27.39% > 18% (prev 46.47%; Δ -19.08% > 0.5%) |
| Asset Turnover: 42.32% > 50% (prev 39.14%; Δ 3.18% > 0%) |
| Interest Coverage Ratio: -0.55 > 6 (EBIT TTM -19.9m / Interest Expense TTM 36.0m) |
| A: 0.00 (Total Current Assets 154.8m - Total Current Liabilities 151.2m) / Total Assets 1.24b |
| B: -0.05 (Retained Earnings -63.3m / Total Assets 1.24b) |
| C: -0.02 (EBIT TTM -19.9m / Avg Total Assets 1.17b) |
| D: 0.83 (Book Value of Equity 562.4m / Total Liabilities 675.2m) |
| Altman-Z'' = 0.61 = B |
| DSRI: 1.15 (Receivables 101.0m/76.6m, Revenue 495.7m/432.5m) |
| GMI: 1.70 (GM 46.47% / 27.39%) |
| AQI: 1.08 (AQ_t 0.01 / AQ_t-1 0.01) |
| SGI: 1.15 (Revenue 495.7m / 432.5m) |
| TATA: -0.23 (NI -27.6m - CFO 256.2m) / TA 1.24b) |
| Beneish M = -2.14 (Cap -4..+1) = BB |
As of October 08, 2026, the stock is trading at USD 4.59 with a total of 958,532 shares traded. Over the past week, the price has changed by +5.76%, over one month by -10.00%, over three months by +5.21% and over the past year by -9.38%.
Current recommended Stop Loss: 4.30 (which is 6.3% or 1.8 ATR below the current price).
Granite Ridge Resources has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy GRNT.
- StrongBuy: 3
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 7.8 | 69.9% |
P/E Forward = 8.1566
P/S = 1.259
P/B = 1.0578
Revenue TTM = 495.7m USD
EBIT TTM = -19.9m USD
EBITDA TTM = 201.6m USD
Long Term Debt = 427.1m USD (from longTermDebt, last quarter)
Short Term Debt = 35.0m USD (from shortTermDebt, last quarter)
Debt = 462.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 418.0m USD (calculated: Debt 462.1m - CCE 44.1m)
Enterprise Value = 1.01b USD (594.9m + Debt 462.1m - CCE 44.1m)
Interest Coverage Ratio = -0.55 (Ebit TTM -19.9m / Interest Expense TTM 36.0m)
EV/FCF = -13.28x (Enterprise Value 1.01b / FCF TTM -76.2m)
FCF Yield = -7.53% (FCF TTM -76.2m / Enterprise Value 1.01b)
FCF Margin = -15.38% (FCF TTM -76.2m / Revenue TTM 495.7m)
Net Margin = -5.56% (Net Income TTM -27.6m / Revenue TTM 495.7m)
Gross Margin = 27.39% ((Revenue TTM 495.7m - Cost of Revenue TTM 359.9m) / Revenue TTM)
Gross Margin QoQ = 38.43% (prev 27.58%)
Tobins Q-Ratio = 0.82 (Enterprise Value 1.01b / Total Assets 1.24b)
Interest Expense / Debt = 7.78% (Interest Expense 36.0m / Debt 462.1m)
Taxrate = 22.83% (8.87m / 38.9m)
NOPAT = -15.4m (EBIT -19.9m * (1 - 22.83%)) [loss with tax shield]
Current Ratio = 1.02 (Total Current Assets 154.8m / Total Current Liabilities 151.2m)
Debt / Equity = 0.82 (Debt 462.1m / totalStockholderEquity, last quarter 562.4m)
Debt / EBITDA = 2.07 (Net Debt 418.0m / EBITDA 201.6m)
Debt / FCF = -5.48 (negative FCF - burning cash) (Net Debt 418.0m / FCF TTM -76.2m)
Total Stockholder Equity = 589.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.35% (Net Income -27.6m / Total Assets 1.24b)
RoE = -4.68% (Net Income TTM -27.6m / Total Stockholder Equity 589.4m)
RoCE = -1.96% (EBIT -19.9m / Capital Employed (Equity 589.4m + L.T.Debt 427.1m))
RoIC = -1.40% (negative operating profit) (NOPAT -15.4m / Invested Capital 1.10b)
WACC = 7.17% (E(594.9m)/V(1.06b) * Re(8.07%) + D(462.1m)/V(1.06b) * Rd(7.78%) * (1-Tc(0.23)))
Discount Rate = 8.07% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 92.47 | Cagr: 0.23%
[DCF] Fair Price = unknown (Cash Flow -76.2m)
EPS Correlation: -92.14 | EPS CAGR: -40.34% | SUE: 0.35 | # QB: 0
Revenue Correlation: 84.42 | Revenue CAGR: 8.27% | SUE: 0.74 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.12 | Chg30d=-22.08% | Revisions=-17% | Analysts=4
EPS current Year (2026-12-31): EPS=0.43 | Chg30d=+0.69% | Revisions=-17% | GrowthEPS=+1.2% | GrowthRev=+31.4%
EPS next Year (2027-12-31): EPS=0.74 | Chg30d=+16.72% | Revisions=+29% | GrowthEPS=+70.1% | GrowthRev=+0.4%
[Analyst] Revisions Ratio: +0% (up=5, down=5)