Granite Ridge Resources Inc (NYSE: GRNT) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

Stocks Info

Granite Ridge Resources Inc is listed on the NYSE in the Energy sector while operating in the Oil & Gas E&P industry. The current market capitalization of Granite Ridge Resources Inc is $837.81M. A total of 1.39 million shares were traded on the day, compared to an average of 509.68K shares.

In the most recent transaction, Miller Matthew Reade bought 544 shares of GRNT for 5.98 per share on Jun 13 ’25. After the transaction, the Director now owns 1,262,421 company shares. In a previous transaction on Jun 16 ’25, Miller Matthew Reade bought 17,000 shares at 5.98 per share. GRNT shares that Director owns now total 1,261,877.

Among the insiders who bought shares, MCCARTNEY JOHN acquired of 2,000 shares on Jun 03 ’25 at a per-share price of $5.89. This resulted in the Director holding 66,117 shares of GRNT after the transaction. In another insider transaction, Brandenberg Luke C bought 6,100 shares at $5.80 per share on Jun 04 ’25. Company shares held by the President and CEO now total 157,267.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Granite Ridge Resources Inc pays an annual dividend of $0.44, resulting in a dividend yield of 6.89%, and it has a price to earnings (P/E) ratio of 68.49.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, GRNT has a high of $7.10 and a low of $4.52.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. GRNT’s latest balance sheet shows that the firm has $11.85M in Cash & Short Term Investments as of fiscal 2021. There were $51.10M in debt and $67.60M in liabilities at the time. Its Book Value Per Share was $4.81, while its Total Shareholder’s Equity was $474.93M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GRNT is Buy with a score of 3.80.

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