Stock GRNT GRANITE RIDGE RESOURCES, INC.
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Ratings Granite Ridge Resources, Inc.

Equities

GRNT

US3874321074

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% Intraday chart for Granite Ridge Resources, Inc. -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

Summary

  • The company presents an interesting fundamental situation from a short-term investment perspective.

Strengths

  • The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
  • For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
  • The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
  • The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.
  • Analysts' price targets are all relatively close, reflecting good visibility on the company's valuation.

Weaknesses

  • The company's earnings growth outlook lacks momentum and is a weakness.
  • For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
  • For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
  • The overall consensus opinion of analysts has deteriorated sharply over the past four months.
  • Over the past twelve months, analysts' opinions have been revised negatively.

Ratings chart - Surperformance

Sector: Oil & Gas Exploration and Production

1st Jan change Capi. Investor Rating ESG Refinitiv
GRANITE RIDGE RESOURCES, INC. Stock Granite Ridge Resources, Inc.
+5.32% 829M -
CONOCOPHILLIPS Stock ConocoPhillips
+5.03% 143B
C
CNOOC LIMITED Stock CNOOC Limited
+57.69% 129B
B+
CANADIAN NATURAL RESOURCES LIMITED Stock Canadian Natural Resources Limited
+20.48% 81.77B
B
EOG RESOURCES, INC. Stock EOG Resources, Inc.
+7.57% 74.77B
B-
OCCIDENTAL PETROLEUM CORPORATION Stock Occidental Petroleum Corporation
+6.46% 56.36B
C+
HESS CORPORATION Stock Hess Corporation
+11.27% 49.26B
A-
DIAMONDBACK ENERGY, INC. Stock Diamondback Energy, Inc.
+30.38% 36.06B
C+
WOODSIDE ENERGY GROUP LTD Stock Woodside Energy Group Ltd
-7.82% 35.89B
A-
DEVON ENERGY CORPORATION Stock Devon Energy Corporation
+10.64% 31.71B
C+
Investor Rating
Trading Rating
ESG Refinitiv
-

Financials

Sales growth
Earnings Growth
EBITDA / Sales
Profitability
Finances

Valuation

P/E ratio
EV / Sales
Price to Book
-
Price to Free Cash Flow
-
Yield
-

Momentum

1 year Revenue revision
4 months Revenue revision
7 days Revenue revision
1 year EPS revision
4 months EPS revision

Consensus

Analyst Opinion
Potential Price Target
4m Target Price Revision
4m Revision of opinion
12m Revision of opinion

Business Predictability

Analyst Coverage
Divergence of Estimates
-
Divergence of analysts' opinions
Divergence of Target Price
Earnings quality
-

Technical analysis

ST Timing
MT Timing
LT Timing
RSI
Bollinger Spread
Unusual volumes
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