Ratings Granite Ridge Resources, Inc.

Equities

GRNT

US3874321074

Real-time Estimate Cboe BZX Other stock markets 10:02:27 2024-05-10 EDT			5-day change	1st Jan Change
6.485 ^USD	+0.54%		+1.10%	+7.14%

05-09	Earnings Flash (GRNT) GRANITE RIDGE RESOURCES Reports Q1 Revenue $89M, vs. Street Est of $87.2M	MT
05-09	Earnings Flash (GRNT) GRANITE RIDGE RESOURCES Reports Q1 EPS $0.12, vs. Street Est of $0.11	MT

Summary

Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

Strengths

The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
The group's activity appears highly profitable thanks to its outperforming net margins.
Thanks to a sound financial situation, the firm has significant leeway for investment.
The company's attractive earnings multiples are brought to light by a P/E ratio at 9.33 for the current year.
For several months, analysts have been revising their EPS estimates roughly upwards.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.
The divergence of price targets given by the various analysts who make up the consensus is relatively low, suggesting a consensus method of evaluating the company and its prospects.

Weaknesses

The company's currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness.
For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
The average consensus view of analysts covering the stock has deteriorated over the past four months.
Over the past twelve months, analysts' opinions have been revised negatively.

Ratings chart - Surperformance

Sector: Oil & Gas Exploration and Production

	1st Jan change	Capi.	ESG Refinitiv
GRANITE RIDGE RESOURCES, INC.	+7.14%	860M	-
CHEVRON CORPORATION	+11.12%	305B	A-
CONOCOPHILLIPS	+5.65%	144B	C
CNOOC LIMITED	+57.69%	126B	B+
CANADIAN NATURAL RESOURCES LIMITED	+22.65%	82.8B	B
EOG RESOURCES, INC.	+8.11%	75.03B	B-
PIONEER NATURAL RESOURCES COMPANY	+19.90%	63B	B-
OCCIDENTAL PETROLEUM CORPORATION	+7.55%	56.96B	C+
HESS CORPORATION	+11.24%	49.12B	A-
DIAMONDBACK ENERGY, INC.	+31.32%	36.33B	C+

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes