GRNT Stock Analysis: Granite Ridge Resources | NYSE
Oil & Gas E&P | NYSE, USA | Market Cap: 583m USD | 12M Return: -17% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.42M
EPS Trend: -90.5%
Qual. Beats: -2
Rev. Trend: 80.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.6 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 small-cap U.S. energy company headquartered in Dallas, Texas, that participates in oil and natural gas exploration and production as a non-operating working interest owner. The company holds a diversified portfolio of wells and acreage spanning several major U.S. unconventional shale plays, including the Permian, Eagle Ford, Bakken, Haynesville, Denver-Julesburg (DJ), and Appalachian basins. Founded and IPOd in 2020, Granite Ridge generates returns by partnering with established operators rather than running its own drilling operations.
As a non-operated player in the U.S. E&P space, Granite Ridge benefits from lower capital intensity and operational overhead, since it funds its share of drilling and completion costs while experienced third-party operators handle field execution. Its multi-basin footprint provides geological diversification, reducing concentration risk across any single shale region-an important consideration given the commodity price volatility typical of the U.S. oil and gas sector.
- WTI crude price volatility drives Permian and Eagle Ford cash flows
- Capital return program expands dividends and share repurchases
- Service cost inflation pressures margins on non-operated well interests
| Net Income: -32.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.09 > 0.02 and ΔFCF/TA -0.59 > 1.0 |
| NWC/Revenue: -2.55% < 20% (prev 5.10%; Δ -7.65% < -1%) |
| CFO/TA 0.23 > 3% & CFO 278.7m > Net Income -32.5m |
| Net Debt (378.6m) to EBITDA (191.2m): 1.98 < 3 |
| Current Ratio: 0.93 > 1.5 & < 3 |
| Outstanding Shares: last quarter (130.6m) vs 12m ago 0.17% < -2% |
| Gross Margin: 23.62% > 18% (prev 48.38%; Δ -24.75% > 0.5%) |
| Asset Turnover: 39.95% > 50% (prev 38.07%; Δ 1.88% > 0%) |
| Interest Coverage Ratio: -3.06 > 6 (EBIT TTM -31.1m / Interest Expense TTM 10.2m) |
| A: -0.01 (Total Current Assets 144.1m - Total Current Liabilities 155.7m) / Total Assets 1.19b |
| B: -0.07 (Retained Earnings -78.8m / Total Assets 1.19b) |
| C: -0.03 (EBIT TTM -31.1m / Avg Total Assets 1.14b) |
| D: 0.84 (Book Value of Equity 545.6m / Total Liabilities 648.2m) |
| Altman-Z'' = 0.42 = B |
| DSRI: 1.02 (Receivables 90.8m/80.7m, Revenue 455.6m/414.0m) |
| GMI: 2.05 (GM 48.38% / 23.62%) |
| AQI: 1.94 (AQ_t 0.01 / AQ_t-1 0.00) |
| SGI: 1.10 (Revenue 455.6m / 414.0m) |
| TATA: -0.26 (NI -32.5m - CFO 278.7m) / TA 1.19b) |
| Beneish M = -1.46 (Cap -4..+1) = D |
As of July 09, 2026, the stock is trading at USD 4.64 with a total of 1,070,112 shares traded. Over the past week, the price has changed by +5.22%, over one month by -4.33%, over three months by -16.60% and over the past year by -17.02%.
Current recommended Stop Loss: 4.30 (which is 7.3% or 1.9 ATR below the current price).
Granite Ridge Resources has received a consensus analysts rating of 3.60. Therefore, it is recommended to hold GRNT.
- StrongBuy: 1
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 7.5 | 61.6% |
P/E Forward = 8.1566
P/S = 1.3441
P/B = 1.0539
Revenue TTM = 455.6m USD
EBIT TTM = -31.1m USD
EBITDA TTM = 191.2m USD
Long Term Debt = 400.0m USD (from longTermDebt, last quarter)
Short Term Debt = 26.2m USD (from shortTermDebt, last quarter)
Debt = 426.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 378.6m USD (calculated: Debt 426.3m - CCE 47.7m)
Enterprise Value = 961.6m USD (583.0m + Debt 426.3m - CCE 47.7m)
Interest Coverage Ratio = -3.06 (Ebit TTM -31.1m / Interest Expense TTM 10.2m)
EV/FCF = -8.82x (Enterprise Value 961.6m / FCF TTM -109.0m)
FCF Yield = -11.34% (FCF TTM -109.0m / Enterprise Value 961.6m)
FCF Margin = -23.93% (FCF TTM -109.0m / Revenue TTM 455.6m)
Net Margin = -7.13% (Net Income TTM -32.5m / Revenue TTM 455.6m)
Gross Margin = 23.62% ((Revenue TTM 455.6m - Cost of Revenue TTM 348.0m) / Revenue TTM)
Gross Margin QoQ = 27.58% (prev 15.59%)
Tobins Q-Ratio = 0.81 (Enterprise Value 961.6m / Total Assets 1.19b)
Interest Expense / Debt = 2.38% (Interest Expense 10.2m / Debt 426.3m)
Taxrate = 24.17% (7.76m / 32.1m)
NOPAT = -23.6m (EBIT -31.1m * (1 - 24.17%)) [loss with tax shield]
Current Ratio = 0.93 (Total Current Assets 144.1m / Total Current Liabilities 155.7m)
Debt / Equity = 0.78 (Debt 426.3m / totalStockholderEquity, last quarter 545.6m)
Debt / EBITDA = 1.98 (Net Debt 378.6m / EBITDA 191.2m)
Debt / FCF = -3.47 (negative FCF - burning cash) (Net Debt 378.6m / FCF TTM -109.0m)
Total Stockholder Equity = 609.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.85% (Net Income -32.5m / Total Assets 1.19b)
RoE = -5.33% (Net Income TTM -32.5m / Total Stockholder Equity 609.4m)
RoCE = -3.08% (EBIT -31.1m / Capital Employed (Equity 609.4m + L.T.Debt 400.0m))
RoIC = -2.26% (negative operating profit) (NOPAT -23.6m / Invested Capital 1.04b)
WACC = 5.95% (E(583.0m)/V(1.01b) * Re(8.97%) + D(426.3m)/V(1.01b) * Rd(2.38%) * (1-Tc(0.24)))
Discount Rate = 8.97% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 33.33 | Cagr: -0.51%
[DCF] Fair Price = unknown (Cash Flow -109.0m)
EPS Correlation: -90.54 | EPS CAGR: -43.67% | SUE: -1.08 | # QB: -2
Revenue Correlation: 80.47 | Revenue CAGR: 6.36% | SUE: -0.38 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.08 | Chg30d=-5.88% | Revisions=-50% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.17 | Chg30d=-6.85% | Revisions=-17% | Analysts=4
EPS current Year (2026-12-31): EPS=0.47 | Chg30d=-7.00% | Revisions=-50% | GrowthEPS=+8.1% | GrowthRev=+32.9%
EPS next Year (2027-12-31): EPS=0.72 | Chg30d=-0.69% | Revisions=+17% | GrowthEPS=+55.4% | GrowthRev=-5.0%
[Analyst] Revisions Ratio: -40% (up=3, down=9)