Granite Ridge Resources Inc (NYSE: GRNT) is 5.42% higher on its value in year-to-date trading and has touched a low of $5.20 and a high of $7.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GRNT stock was last observed hovering at around $6.75 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $6.81, the stock is 9.88% and 8.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.48 million and changing 0.89% at the moment leaves the stock 7.11% off its SMA200. GRNT registered 21.39% gain for a year compared to 6-month loss of 5.42%. The firm has a 50-day simple moving average (SMA 50) of $6.269 and a 200-day simple moving average (SMA200) of $6.35555.
The stock witnessed a 10.37% gain in the last 1 month and extending the period to 3 months gives it a 10.55%, and is 5.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.43% over the week and 3.55% over the month.
Granite Ridge Resources Inc (GRNT) has around 2 employees, a market worth around $890.36M and $380.52M in sales. Current P/E ratio is 18.64 and Fwd P/E is 10.54. Profit margin for the company is 12.57%. Distance from 52-week low is 30.96% and -4.08% from its 52-week high. The company has generated returns on investments over the last 12 months (5.59%).
The EPS is expected to shrink by -41.25% this year
162.0 institutions hold shares in Granite Ridge Resources Inc (GRNT), with institutional investors hold 66.64% of the company’s shares. The shares outstanding are 130.74M, and float is at 53.15M with Short Float at 6.05%. Institutions hold 33.08% of the Float.
Granite Ridge Resources Inc (GRNT) Insider Activity
The most recent transaction is an insider purchase by Miller Matthew Reade, the company’s Director. SEC filings show that Miller Matthew Reade bought 506 shares of the company’s common stock on Dec 16 ’24 at a price of $6.03 per share for a total of $3051.0. Following the purchase, the insider now owns 1.23 million shares.
Granite Ridge Resources Inc disclosed in a document filed with the SEC on Dec 11 ’24 that Brandenberg Luke C (President and CEO) bought a total of 8,495 shares of the company’s common stock. The trade occurred on Dec 11 ’24 and was made at $6.10 per share for $51820.0. Following the transaction, the insider now directly holds 0.11 million shares of the GRNT stock.
Still, SEC filings show that on Dec 12 ’24, Brandenberg Luke C (President and CEO) acquired 1,505 shares at an average price of $6.07 for $9135.0. The insider now directly holds 110,633 shares of Granite Ridge Resources Inc (GRNT).
