Granite Ridge Resources Inc (NYSE: GRNT) is 9.18% higher on its value in year-to-date trading and has touched a low of $4.52 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 $6.49 in the last trading session, with the day’s gains setting it 560.5%.
Currently trading at $566.99K, the stock is 10.56% and 20.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.97 million and changing 1966109% at the moment leaves the stock 11.54% off its SMA200. GRNT registered 3.10% gain for a year compared to 6-month loss of 7.59%. The firm has a 50-day simple moving average (SMA 50) of $5.5298 and a 200-day simple moving average (SMA200) of $5.97095.
The stock witnessed a 16.03% gain in the last 1 month and extending the period to 3 months gives it a 7.42%, and is 10.82% 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 3.68% over the week and 3.10% over the month.
Granite Ridge Resources Inc (GRNT) has around 3 employees, a market worth around $873.21M and $413.96M in sales. Current P/E ratio is 71.38 and Fwd P/E is 9.38. Profit margin for the company is 2.94%. Distance from 52-week low is 47.35% and -6.20% from its 52-week high. The company has generated returns on investments over the last 12 months (1.38%).
The EPS is expected to grow by 19.59% this year
196.0 institutions hold shares in Granite Ridge Resources Inc (GRNT), with institutional investors hold 86.58% of the company’s shares. The shares outstanding are 131.14M, and float is at 62.75M with Short Float at 3.93%. Institutions hold 79.41% of the Float.
The top institutional shareholder in the company is HAMILTON LANE ADVISORS LLC with over 8.41 million shares valued at $53.24 million. The investor’s holdings represent 6.4597 of the GRNT Shares outstanding. As of 2024-06-30, the second largest holder is SPIDER MANAGEMENT COMPANY, LLC with 5.53 million shares valued at $34.98 million to account for 4.2441 of the shares outstanding. The other top investors are UTAH RETIREMENT SYSTEMS which holds 5.24 million shares representing 4.0273 and valued at over $33.19 million, while VANGUARD GROUP INC holds 2.8376 of the shares totaling 3.69 million with a market value of $23.39 million.
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 544 shares of the company’s common stock on Jun 13 ’25 at a price of $5.98 per share for a total of $3253.0. Following the purchase, the insider now owns 1.26 million shares.
Granite Ridge Resources Inc disclosed in a document filed with the SEC on Jun 16 ’25 that Miller Matthew Reade (Director) bought a total of 17,000 shares of the company’s common stock. The trade occurred on Jun 16 ’25 and was made at $5.98 per share for $0.1 million. Following the transaction, the insider now directly holds 1.26 million shares of the GRNT stock.
Still, SEC filings show that on Jun 03 ’25, MCCARTNEY JOHN (Director) acquired 2,000 shares at an average price of $5.89 for $11780.0. The insider now directly holds 66,117 shares of Granite Ridge Resources Inc (GRNT).
