Granite Ridge Resources, Inc. (NYSE:GRNT) Stock Has Average Target Price of $11.00 According to Brokerages

Granite Ridge Resources, Inc. (NYSE:GRNT) has received an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $11.00.

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Granite Ridge Resources in a research report on Wednesday, August 19th. Northland Securities set a $11.00 target price on shares of Granite Ridge Resources in a report on Tuesday, October 20th. Wall Street Zen upgraded Granite Ridge Resources from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research upgraded Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 20th. Finally, Freedom Capital raised Granite Ridge Resources from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 16th.

Granite Ridge Resources Stock Performance

Granite Ridge Resources stock opened at $5.27 on Friday. The company has a market cap of $695.38 million, a PE ratio of -13.18 and a beta of 0.19. The company has a fifty day moving average price of $5.03 and a two-hundred day moving average price of $5.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.02 and a quick ratio of 1.02. Granite Ridge Resources has a 12 month low of $4.18 and a 12 month high of $6.14.

Granite Ridge Resources (NYSE:GRNT) last issued its earnings results on Thursday, November 5th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $177.21 million for the quarter, compared to analysts’ expectations of $156.24 million. Granite Ridge Resources had a negative net margin of 9.31% and a positive return on equity of 6.72%. Research analysts expect that Granite Ridge Resources will post 0.47 earnings per share for the current year.

Granite Ridge Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Friday, November 27th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, November 27th. This represents a $0.44 dividend on an annualized basis and a yield of 8.3%. Granite Ridge Resources’s payout ratio is currently -209.52%.

Key Stories Impacting Granite Ridge Resources

Here are the key news stories impacting Granite Ridge Resources this week:

• Positive Sentiment: Granite Ridge reported Q3 2026 earnings of $0.17 per share, above analyst estimates, while revenue of $177.21 million also exceeded expectations. Earnings rose from $0.09 per share a year earlier. Zacks Q3 earnings article
• Positive Sentiment: Operational and capital-return news adds support: the company said production grew 9%, added a Permian partner, approved a $35 million share buyback, and declared a quarterly dividend of $0.11 per share. Granite Ridge Q3 results and dividend announcement
• Positive Sentiment: Sell-side brokerages collectively rate GRNT “Moderate Buy,” providing a supportive analyst signal. Brokerage rating article
• Negative Sentiment: The quarter’s reported net margin was negative 5.56%, a profitability concern despite the earnings and revenue beats. Granite Ridge financial results

Insider Activity at Granite Ridge Resources

In related news, CFO Ronald Kettler bought 6,000 shares of the company’s stock in a transaction on Friday, September 4th. The shares were purchased at an average cost of $5.05 per share, with a total value of $30,300.00. Following the completion of the transaction, the chief financial officer directly owned 135,276 shares of the company’s stock, valued at approximately $683,143.80. This represents a 4.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matthew Miller bought 10,000 shares of the business’s stock in a transaction on Friday, September 11th. The stock was bought at an average price of $5.03 per share, for a total transaction of $50,300.00. Following the completion of the purchase, the director directly owned 1,974,292 shares of the company’s stock, valued at $9,930,688.76. The trade was a 0.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 24,000 shares of company stock worth $120,800 in the last 90 days. 8.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Granite Ridge Resources

Several institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in Granite Ridge Resources in the 2nd quarter valued at about $25,000. Signaturefd LLC boosted its stake in Granite Ridge Resources by 525.1% during the 3rd quarter. Signaturefd LLC now owns 7,514 shares of the company’s stock valued at $33,000 after purchasing an additional 6,312 shares during the period. Private Advisor Group LLC bought a new position in Granite Ridge Resources in the 1st quarter worth about $59,000. Allspring Global Investments Holdings LLC bought a new position in Granite Ridge Resources in the 3rd quarter worth about $46,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Granite Ridge Resources in the second quarter valued at approximately $47,000. Institutional investors own 31.56% of the company’s stock.

Granite Ridge Resources Company Profile

Granite Ridge Resources, Inc (NYSE:GRNT) is an independent oil and natural gas exploration and production company. The company primarily owns interests in upstream properties and focuses on developing and producing crude oil, natural gas and natural gas liquids.

Granite Ridge operates primarily through a non-operated business model, partnering with other exploration and production companies that manage drilling and field operations. Its portfolio includes assets across several major U.S.