Granite Ridge Resources Inc

Company Profile

Granite Ridge Resources Inc had its IPO on 2020-11-06 under the ticker symbol GRNT.

The company operates in the Energy sector and Oil & Gas E&P industry. Granite Ridge Resources Inc has a staff strength of 2 employees.

Stock update

Shares of Granite Ridge Resources Inc opened at $6.18 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $5.54 - $6.21, and closed at $5.55.

This is a -9.76% slip from the previous day's closing price.

A total volume of 1,508,637 shares were traded at the close of the day’s session.

In the last one week, shares of Granite Ridge Resources Inc have slipped by -27.55%.

Granite Ridge Resources Inc's Key Ratios

Granite Ridge Resources Inc has a market cap of $1.03 billion, indicating a price to book ratio of 74.0958 and a price to sales ratio of 3.644.

In the last 12-months Granite Ridge Resources Inc’s revenue was $407.17 million with a gross profit of $422.12 million and an EBITDA of $296.40 million. The EBITDA ratio measures Granite Ridge Resources Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Granite Ridge Resources Inc’s operating margin was 41.59% while its return on assets stood at 15.83% with a return of equity of 34.35%.

In Q2, Granite Ridge Resources Inc’s quarterly earnings growth was a negative -90.6% while revenue growth was a negative 42.6%.

Granite Ridge Resources Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

5.6741

PEG

Its diluted EPS in the last 12-months stands at $1.35 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Granite Ridge Resources Inc’s profitability.

Granite Ridge Resources Inc stock is trading at a EV to sales ratio of 138.2403 and a EV to EBITDA ratio of 218.2652. Its price to sales ratio in the trailing 12-months stood at 3.644.

Granite Ridge Resources Inc stock pays annual dividends of $0.3 per share, indicating a yield of 5.74% and a payout ratio of 51.9%.

Balance sheet and cash flow metrics

Total Assets

$873.34 million

Total Liabilities

$52.90 million

Operating Cash Flow

$-81883000.00

Capital Expenditure

$81.88 million

Dividend Payout Ratio

51.9%

Granite Ridge Resources Inc ended 2024 with $873.34 million in total assets and $0 in total liabilities. Its intangible assets were valued at $873.34 million while shareholder equity stood at $652.33 million.

Granite Ridge Resources Inc ended 2024 with $106.38 million in deferred long-term liabilities, $52.90 million in other current liabilities, 14000.00 in common stock, $48.61 million in retained earnings and $0 in goodwill. Its cash balance stood at $14.49 million and cash and short-term investments were $14.49 million. The company’s total short-term debt was $157,000 while long-term debt stood at $55.00 million.

Granite Ridge Resources Inc’s total current assets stands at $104.40 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $55.53 million compared to accounts payable of $51.51 million and inventory worth $33.02 million.

In 2024, Granite Ridge Resources Inc's operating cash flow was $-81883000.00 while its capital expenditure stood at $81.88 million.

Comparatively, Granite Ridge Resources Inc paid $0.52 in dividends in 2024.

Other key metrics

Current Trading Price

$5.55

52-Week High

$13.0396

52-Week Low

$4.6599

Analyst Target Price

$9

Granite Ridge Resources Inc stock is currently trading at $5.55 per share. It touched a 52-week high of $13.0396 and a 52-week low of $13.0396. Analysts tracking the stock have a 12-month average target price of $9.

Its 50-day moving average was $7.17 and 200-day moving average was $6.69 The short ratio stood at 4.3 indicating a short percent outstanding of 0%.

Around 7948.6% of the company’s stock are held by insiders while 435% are held by institutions.