Granite Ridge Resources (NYSE:GRNT – Get Free Report) is anticipated to issue its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect the company to post earnings of $0.06 per share and revenue of $139.44 million for the quarter. Interested persons can check the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Friday, August 7, 2026 at 11:00 AM ET.
Granite Ridge Resources (NYSE:GRNT – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). Granite Ridge Resources had a negative net margin of 7.13% and a positive return on equity of 4.99%. The company had revenue of $128.26 million for the quarter, compared to analysts’ expectations of $126.68 million. On average, analysts expect Granite Ridge Resources to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Granite Ridge Resources Stock Up 3.4%
Shares of Granite Ridge Resources stock opened at $4.71 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.93 and a current ratio of 0.93. Granite Ridge Resources has a 52-week low of $4.18 and a 52-week high of $6.14. The company’s 50 day moving average price is $4.74 and its 200-day moving average price is $5.07. The stock has a market capitalization of $621.91 million, a price-to-earnings ratio of -18.86 and a beta of 0.21.
Granite Ridge Resources Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on GRNT shares. Stephens cut their price target on shares of Granite Ridge Resources from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Northland Securities initiated coverage on shares of Granite Ridge Resources in a research note on Wednesday, July 8th. They set an “outperform” rating and a $9.00 price objective for the company. Weiss Ratings lowered 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 cut Granite Ridge Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.00.
View Our Latest Report on GRNT
Insider Activity at Granite Ridge Resources
In related news, CEO Tyler Farquharson purchased 10,000 shares of Granite Ridge Resources stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $5.15 per share, for a total transaction of $51,500.00. Following the completion of the transaction, the chief executive officer directly owned 344,743 shares of the company’s stock, valued at $1,775,426.45. This represents a 2.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Griffin Perry purchased 100,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average cost of $5.49 per share, with a total value of $549,000.00. Following the completion of the purchase, the director owned 1,163,903 shares of the company’s stock, valued at $6,389,827.47. This represents a 9.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 148,780 shares of company stock valued at $798,208. 8.60% of the stock is currently owned by company insiders.
Institutional Trading of Granite Ridge Resources
Several large investors have recently bought and sold shares of the company. Osaic Holdings Inc. grew its holdings in shares of Granite Ridge Resources by 264.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,506 shares of the company’s stock worth $35,000 after acquiring 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% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,721 shares of the company’s stock valued at $36,000 after purchasing an additional 5,492 shares during the period. OpenArc Corporate Advisory LLC purchased a new position in shares of Granite Ridge Resources in the 4th quarter valued at approximately $52,000. Tower Research Capital LLC TRC boosted its position in shares of Granite Ridge Resources by 103.0% during the second quarter. Tower Research Capital LLC TRC now owns 9,133 shares of the company’s stock valued at $58,000 after purchasing an additional 4,635 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of Granite Ridge Resources by 35.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 11,499 shares of the company’s stock valued at $62,000 after purchasing an additional 3,010 shares in the last quarter. 31.56% of the stock is owned by institutional investors.
About Granite Ridge Resources
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.
Featured Stories
- Five stocks we like better than Granite Ridge Resources
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for Granite Ridge Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Ridge Resources and related companies with MarketBeat.com's FREE daily email newsletter.
