Granite Ridge Resources, Inc.

Equities

GRNT

US3874321074

Oil & Gas Exploration and Production

End-of-day quote Nyse Other stock markets 23:00:00 09/05/2024 BST			5-day change	1st Jan Change
6.34 ^USD	-3.65%		-1.71%	+5.32%

05-10	Granite Ridge Resources, Inc. Provides Production Guidance for the Third Quarter, Fourth Quarter and Full Year of 2024	CI
05-10	Transcript : Granite Ridge Resources, Inc., Q1 2024 Earnings Call, May 10, 2024

Tranche Update on Granite Ridge Resources, Inc.'s Equity Buyback Plan announced on December 15, 2022.

February 02, 2024 at 12:01 pm

From October 1, 2023 to December 31, 2023, the company has repurchased 3,800,000 shares, representing 2.83% for $23.29 million. With this, the company has completed the repurchase of 5,628,231 shares, representing 4.2% for $35.65 million under the buyback announced on December 15, 2022.

Latest news about Granite Ridge Resources, Inc.

Granite Ridge Resources, Inc. Provides Production Guidance for the Third Quarter, Fourth Quarter and Full Year of 2024	05-10	CI
Transcript : Granite Ridge Resources, Inc., Q1 2024 Earnings Call, May 10, 2024	05-10
Granite Ridge Resources, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-09	CI
Earnings Flash (GRNT) GRANITE RIDGE RESOURCES Reports Q1 Revenue $89M, vs. Street Est of $87.2M	05-09	MT
Earnings Flash (GRNT) GRANITE RIDGE RESOURCES Reports Q1 EPS $0.12, vs. Street Est of $0.11	05-09	MT
Evercore ISI Starts Granite Ridge Resources With In Line Rating, $8 Price Target	04-29	MT
Granite Ridge Resources Amends Credit Facility to $300 Million	04-04	MT
Granite Ridge Resources, Inc. Announces Expansion of Revolving Credit Facility	04-04	CI
Transcript : Granite Ridge Resources, Inc. - Special Call	03-13
Transcript : Granite Ridge Resources, Inc., Q4 2023 Earnings Call, Mar 08, 2024	03-08
Granite Ridge Resources Q4 Adjusted Net Income, Sales Fall; Shares Rise After Hours	03-07	MT
Earnings Flash (GRNT) GRANITE RIDGE RESOURCES Posts Q4 Revenue $106.8M, vs. Street Est of $105.3M	03-07	MT
Granite Ridge Resources, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	03-07	CI
Granite Ridge Resources, Inc. Reports Unaudited Consolidated Impairments of Long-Lived Assets for the Fourth Quarter Ended December 31, 2023	03-07	CI
Granite Ridge Resources, Inc. Reports Production Results for the Fourth Quarter and Full-Year Ended December 31, 2023	03-07	CI
Granite Ridge Resources, Inc. Provides Production Guidance for the Year 2024	03-07	CI
Granite Ridge Resources Keeps Quarterly Dividend at $0.11 Per Share, Payable March 15 to Investors of Record on March 1	02-15	MT
Granite Ridge Resources, Inc. Declares Quarterly Dividend, Payable on March 15, 2024	02-15	CI
Tranche Update on Granite Ridge Resources, Inc.'s Equity Buyback Plan announced on December 15, 2022.	02-02	CI
Vital Energy, Inc. acquired Granite Ridge Permian Basin Assets for $56.3 million.	02-01	CI
BofA Securities Lowers Granite Ridge Resources' PT to $7 From $9, Keeps Buy Rating; Sees Perpetual Backwardation as New Normal, Expects Oil to Remain Volatile	01-05	MT
Granite Ridge Resources, Inc. Appoints Kimberly Weimer as Chief Accounting Officer and Principal Accounting Officer	01-04	CI
Granite Ridge Resources, Inc.'s Equity Buyback announced on December 15, 2022 has expired with 5,628,231 shares, representing 4.2% for $35.65 million.	12-30	CI
Certain Common Stock of Granite Ridge Resources, Inc. are subject to a Lock-Up Agreement Ending on 12-DEC-2023.	12-11	CI
Granite Ridge Resources Maintains Quarterly Dividend at $0.11 a Share, Payable Dec. 15 to Shareholders of Record Dec. 1	11-17	MT

Chart Granite Ridge Resources, Inc.

Duration

Period

More charts

Company Profile

Granite Ridge Resources, Inc. is an oil and gas exploration and production company. It owns a portfolio of wells and top-tier acreage across the Permian and four other prolific unconventional basins across the United States. It holds interests in wells in core operating areas of the Permian, Eagle Ford, Bakken, Haynesville and Denver-Julesburg (DJ) plays. It owns an interest in approximately 2,826 gross (176.50 net) producing wells, 309,472. The Permian Basin extends from southeastern New Mexico into west Texas. The Permian Basin consists of mature legacy onshore oil and liquids-rich natural gas reservoirs. The Eagle Ford shale formation stretches across south Texas and includes Austin Chalk and Buda formations. The Williston Basin stretches through North Dakota, the northwest part of South Dakota, and eastern Montana. The Haynesville Basin is a premier natural gas basin located in Northwestern Louisiana and East Texas. The DJ basin is a geologic basin centered in eastern Colorado.

Sector

Oil & Gas Exploration and Production

Calendar

14/05/2024 - TPH Hotter N Hell Energy Conference

Related indices

Russell 2000

More about the company

Income Statement Evolution

More financial data

Ratings for Granite Ridge Resources, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6.34 USD

Average target price

8.333 USD

Spread / Average Target

+31.44%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Oil & Gas Exploration and Production

	1st Jan change	Capi.
GRANITE RIDGE RESOURCES, INC.	+5.32%	829M
CONOCOPHILLIPS	+5.03%	143B
CNOOC LIMITED	+57.69%	129B
CANADIAN NATURAL RESOURCES LIMITED	+20.48%	81.77B
EOG RESOURCES, INC.	+7.57%	74.77B
OCCIDENTAL PETROLEUM CORPORATION	+6.46%	56.36B
HESS CORPORATION	+11.27%	49.26B
DIAMONDBACK ENERGY, INC.	+30.38%	36.06B
WOODSIDE ENERGY GROUP LTD	-7.82%	35.89B
DEVON ENERGY CORPORATION	+10.64%	31.71B

Other Oil & Gas Exploration and Production