GRNT Stock Analysis: Granite Ridge Resources | NYSE
Oil & Gas E&P | NYSE, USA | Market Cap: 683m USD | 12M Return: -2.5% | US3874321074 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.57M
EPS Trend: -92.1%
Qual. Beats: 0
Rev. Trend: 84.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.7 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: -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 (314.6m): 1.33 < 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: 2.59 > 6 (EBIT TTM 93.1m / 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: 0.08 (EBIT TTM 93.1m / Avg Total Assets 1.17b) |
| D: 0.83 (Book Value of Equity 562.4m / Total Liabilities 675.2m) |
| Altman-Z'' = 1.26 = BB |
| 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 August 24, 2026, the stock is trading at USD 5.11 with a total of 758,638 shares traded. Over the past week, the price has changed by +0.00%, over one month by +3.65%, over three months by +0.89% and over the past year by -2.54%.
Current recommended Stop Loss: 4.60 (which is 10% or 3 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 | 7.6 | 48.7% |
P/E Forward = 8.1566
P/S = 1.446
P/B = 1.2149
Revenue TTM = 495.7m USD
EBIT TTM = 93.1m USD
EBITDA TTM = 314.6m 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 = 1.10b USD (683.2m + Debt 462.1m - CCE 44.1m)
Interest Coverage Ratio = 2.59 (Ebit TTM 93.1m / Interest Expense TTM 36.0m)
EV/FCF = -14.44x (Enterprise Value 1.10b / FCF TTM -76.2m)
FCF Yield = -6.92% (FCF TTM -76.2m / Enterprise Value 1.10b)
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 = 0.89 (Enterprise Value 1.10b / Total Assets 1.24b)
Interest Expense / Debt = 7.78% (Interest Expense 36.0m / Debt 462.1m)
Taxrate = 22.83% (8.87m / 38.9m)
NOPAT = 71.9m (EBIT 93.1m * (1 - 22.83%))
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 = 1.33 (Net Debt 418.0m / EBITDA 314.6m)
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 = 9.16% (EBIT 93.1m / Capital Employed (Equity 589.4m + L.T.Debt 427.1m))
RoIC = 6.55% (NOPAT 71.9m / Invested Capital 1.10b)
WACC = 7.31% (E(683.2m)/V(1.15b) * Re(8.20%) + D(462.1m)/V(1.15b) * Rd(7.78%) * (1-Tc(0.23)))
Discount Rate = 8.20% (= 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=0.14 | Chg30d=-4.11% | Revisions=+25% | Analysts=5
EPS current Year (2026-12-31): EPS=0.43 | Chg30d=+5.94% | Revisions=-25% | GrowthEPS=-0.5% | GrowthRev=+27.1%
EPS next Year (2027-12-31): EPS=0.66 | Chg30d=+3.75% | Revisions=-50% | GrowthEPS=+55.1% | GrowthRev=+0.9%
[Analyst] Revisions Ratio: -38% (up=1, down=4)