For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Granite Ridge Resources Inc (NYSE: GRNT) closed the day trading at $4.83 up 0.84% from the previous closing price of $4.79. In other words, the price has increased by $0.84 from its previous closing price. On the day, 0.51 million shares were traded. GRNT stock price reached its highest trading level at $4.875 during the session, while it also had its lowest trading level at $4.76.
Ratios:
For a better understanding of GRNT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.40.
On May 15, 2024, ROTH MKM started tracking the stock assigning a Buy rating and target price of $8.80.ROTH MKM initiated its Buy rating on May 15, 2024, with a $8.80 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 13 ’25 when Miller Matthew Reade bought 544 shares for $5.98 per share. The transaction valued at 3,253 led to the insider holds 1,262,421 shares of the business.
Miller Matthew Reade bought 17,000 shares of GRNT for $101,660 on Jun 16 ’25. The Director now owns 1,261,877 shares after completing the transaction at $5.98 per share. On Jun 03 ’25, another insider, MCCARTNEY JOHN, who serves as the Director of the company, bought 2,000 shares for $5.89 each. As a result, the insider paid 11,780 and bolstered with 66,117 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GRNT now has a Market Capitalization of 633275776 and an Enterprise Value of 845356096. As of this moment, Granite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.77, and their Forward P/E ratio for the next fiscal year is 7.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.53 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 2.164 whereas that against EBITDA is 2.929.
Stock Price History:
The Beta on a monthly basis for GRNT is 0.31, which has changed by -0.20165288 over the last 52 weeks, in comparison to a change of 0.21149921 over the same period for the S&P500. Over the past 52 weeks, GRNT has reached a high of $7.00, while it has fallen to a 52-week low of $4.52. The 50-Day Moving Average of the stock is -16.14%, while the 200-Day Moving Average is calculated to be -18.08%.
Shares Statistics:
Over the past 3-months, GRNT traded about 630.20K shares per day on average, while over the past 10 days, GRNT traded about 577250 shares per day. A total of 131.14M shares are outstanding, with a floating share count of 63.36M. Insiders hold about 51.67% of the company’s shares, while institutions hold 30.49% stake in the company. Shares short for GRNT as of 1752537600 were 2910516 with a Short Ratio of 4.62, compared to 1749772800 on 2465245. Therefore, it implies a Short% of Shares Outstanding of 2910516 and a Short% of Float of 4.73.
Dividends & Splits
GRNT’s forward annual dividend rate is 0.44, up from 0.44 a year ago. Against a Trailing Annual Dividend Yield of 0.09185804The current Payout Ratio is 308.99% for GRNT, which recently paid a dividend on 2025-05-30 with an ex-dividend date of 2025-05-30. Stock splits for the company last occurred on 2021-03-26 when the company split stock in a 2499:1000 ratio.
