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Granite Ridge Resources - GRNT Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $7.60
  • Forecasted Upside: 27.20%
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 1 Buy Ratings
  • 1 Strong Buy Ratings
$5.98 As of 12/17/2024 01:00 AM ET
▼ -0.06 (-0.99%)

This chart shows the closing price for GRNT by one month, three months, or twelve months.

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Analyst Price Target for GRNT

Analyst Price Target is $7.60
▲ +27.20% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Granite Ridge Resources in the last 3 months. The average price target is $7.60, with a high forecast of $8.80 and a low forecast of $7.00. The average price target represents a 27.20% upside from the last price of $5.98.

This chart shows the closing price for GRNT for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 4 polled investment analysts is to moderate buy stock in Granite Ridge Resources. This rating has held steady since May 2024, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/26/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/24/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/23/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/22/2024
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/20/2024
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/18/2024
  • 1 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
11/17/2024
  • 1 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/17/2024

Latest Recommendations

  • 1 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
9/30/2024Evercore ISILower TargetIn-Line ➝ In-Line$8.00 ➝ $7.00
6/14/2024Bank of AmericaReiterated RatingNeutral$7.00
5/15/2024Roth CapitalUpgradeStrong-Buy
5/15/2024Roth MkmInitiated CoverageBuy$8.80
4/29/2024Evercore ISIInitiated CoverageIn-Line$8.00
11/7/2023Bank of AmericaInitiated CoverageBuy$9.00
9/26/2023StephensInitiated CoverageOverweight$8.00
(Data available from 12/18/2019 forward)

News Sentiment Rating

1.19 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/22/2024
  • 12 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/21/2024
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/21/2024
  • 7 very positive mentions
  • 6 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
8/20/2024
  • 7 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/19/2024
  • 5 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/19/2024
  • 7 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
11/18/2024
  • 11 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
12/18/2024

Current Sentiment

  • 11 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 1 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Granite Ridge Resources logo
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.
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Today's Range

Now: $5.98
Low: $5.91
High: $6.04

50 Day Range

MA: $6.24
Low: $5.82
High: $6.78

52 Week Range

Now: $5.98
Low: $5.20
High: $7.10

Volume

505,934 shs

Average Volume

439,114 shs

Market Capitalization

$781.20 million

P/E Ratio

16.58

Dividend Yield

7.17%

Beta

0.23

Frequently Asked Questions

What sell-side analysts currently cover shares of Granite Ridge Resources?

The following Wall Street research analysts have issued reports on Granite Ridge Resources in the last twelve months: Bank of America Co., Evercore ISI, Roth Capital, and Roth Mkm.
View the latest analyst ratings for GRNT.

What is the current price target for Granite Ridge Resources?

0 Wall Street analysts have set twelve-month price targets for Granite Ridge Resources in the last year. Their average twelve-month price target is $7.60, suggesting a possible upside of 27.2%. Roth Mkm has the highest price target set, predicting GRNT will reach $8.80 in the next twelve months. Evercore ISI has the lowest price target set, forecasting a price of $7.00 for Granite Ridge Resources in the next year.
View the latest price targets for GRNT.

What is the current consensus analyst rating for Granite Ridge Resources?

Granite Ridge Resources currently has 2 hold ratings, 1 buy rating and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for GRNT.

What other companies compete with Granite Ridge Resources?

Other companies that are similar to Granite Ridge Resources include Liberty Energy, Black Stone Minerals, Veren, Sable Offshore and HighPeak Energy. Learn More about companies similar to Granite Ridge Resources.

How do I contact Granite Ridge Resources' investor relations team?

Granite Ridge Resources' physical mailing address is 137 NEWBURY STREET 7TH FLOOR, BOSTON MA, 02116. The company's listed phone number is 214-396-2850 and its investor relations email address is [email protected]. The official website for Granite Ridge Resources is www.graniteridge.com. Learn More about contacing Granite Ridge Resources investor relations.