Northland Securities Initiates Coverage on Granite Ridge Resources (NYSE:GRNT)

Posted by Francis Steltz on Jul 8th, 2026

Equities researchers at Northland Securities assumed coverage on shares of Granite Ridge Resources (NYSE:GRNT – Get Free Report) in a research note issued to investors on Wednesday,Benzinga reports. The firm set an “outperform” rating and a $9.00 price target on the stock. Northland Securities’ target price would indicate a potential upside of 102.02% from the stock’s current price.

A number of other analysts have also recently issued reports on the stock. Stephens reduced their price objective on shares of Granite Ridge Resources from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Weiss Ratings downgraded shares of Granite Ridge Resources from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Finally, Zacks Research upgraded Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.00.

Get Our Latest Research Report on Granite Ridge Resources

Granite Ridge Resources Stock Performance

Shares of GRNT opened at $4.46 on Wednesday. The business has a 50-day simple moving average of $5.04 and a two-hundred day simple moving average of $5.06. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. Granite Ridge Resources has a 52 week low of $4.18 and a 52 week high of $6.20. The stock has a market cap of $587.61 million, a price-to-earnings ratio of -17.82 and a beta of 0.21.

Granite Ridge Resources (NYSE:GRNT – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The company had revenue of $128.26 million for the quarter, compared to the consensus estimate of $126.68 million. Granite Ridge Resources had a negative net margin of 7.13% and a positive return on equity of 4.99%. On average, analysts expect that Granite Ridge Resources will post 0.39 EPS for the current year.

Insider Activity at Granite Ridge Resources

In other news, Director Matthew Reade Miller purchased 10,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was bought at an average cost of $4.75 per share, with a total value of $50,350.00. Following the completion of the purchase, the director owned 1,360,813 shares in the company, valued at approximately $6,463,861.75. This represents a 0.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ronald Kyle Kettler acquired 6,000 shares of Granite Ridge Resources stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of $5.08 per share, for a total transaction of $30,480.00. Following the completion of the purchase, the chief financial officer directly owned 129,276 shares of the company’s stock, valued at $656,722.08. The trade was a 4.87% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 148,780 shares of company stock worth $798,208 in the last quarter. 8.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. First Horizon Corp purchased a new stake in Granite Ridge Resources in the 4th quarter worth about $35,000. Osaic Holdings Inc. raised its holdings in shares of Granite Ridge Resources by 264.2% in the second quarter. Osaic Holdings Inc. now owns 5,506 shares of the company’s stock worth $35,000 after buying an additional 3,994 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Granite Ridge Resources by 2,398.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,721 shares of the company’s stock worth $36,000 after acquiring an additional 5,492 shares during the last quarter. OpenArc Corporate Advisory LLC purchased a new position in Granite Ridge Resources during the 4th quarter valued at $52,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Granite Ridge Resources by 103.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,133 shares of the company’s stock valued at $58,000 after acquiring an additional 4,635 shares during the period. Institutional investors own 31.56% of the company’s stock.

Granite Ridge Resources Company Profile

(Get Free Report)

Granite Ridge Resources, Inc operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc is based in Dallas, Texas.