Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Granite Ridge Resources Inc (NYSE: GRNT) was $6.01 for the day, down -0.50% from the previous closing price of $6.04. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 0.6 million shares were traded. GRNT stock price reached its highest trading level at $6.22 during the session, while it also had its lowest trading level at $5.99.
Ratios:
Our analysis of GRNT’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 787989184 and an Enterprise Value of 1000069504. As of this moment, Granite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 64.42, and their Forward P/E ratio for the next fiscal year is 9.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.90 while its Price-to-Book (P/B) ratio in mrq is 1.25. Its current Enterprise Value per Revenue stands at 2.56 whereas that against EBITDA is 3.465.
Stock Price History:
The Beta on a monthly basis for GRNT is 0.28, which has changed by -0.0049669147 over the last 52 weeks, in comparison to a change of 0.092761636 over the same period for the S&P500. Over the past 52 weeks, GRNT has reached a high of $7.10, while it has fallen to a 52-week low of $4.52. The 50-Day Moving Average of the stock is 11.88%, while the 200-Day Moving Average is calculated to be 0.81%.
Shares Statistics:
GRNT traded an average of 486.56K shares per day over the past three months and 595360 shares per day over the past ten days. A total of 131.14M shares are outstanding, with a floating share count of 62.99M. Insiders hold about 51.96% of the company’s shares, while institutions hold 30.56% stake in the company. Shares short for GRNT as of 1748563200 were 3171878 with a Short Ratio of 6.52, compared to 1745971200 on 3388881. Therefore, it implies a Short% of Shares Outstanding of 3171878 and a Short% of Float of 5.1499999999999995.
Dividends & Splits
With its trailing 12-month dividend rate of 0.44, GRNT has a forward annual dividend rate of 0.44. Against a Trailing Annual Dividend Yield of 0.07284768The current Payout Ratio is 308.99% for GRNT, which recently paid a dividend on 2025-05-30 with an ex-dividend date of 1748563200. Stock splits for the company last occurred on 2021-03-26 when the company split stock in a 2499:1000 ratio.
