How to Buy Granite Ridge Resources Stock
Granite Ridge Resources Inc
Executive Network Partnering Corporation intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar partnering transaction with one or more businesses.
Granite Ridge Resources stock last closed at $6.10, down 2.09% from the previous day, and has decreased 38.82% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.49 percentage points. Granite Ridge Resources stock is currently +26.69% from its 52-week low of $4.82, and -56.43% from its 52-week high of $14.00.
There are currently 134.84M GRNT shares outstanding. The market value of GRNT is $822.54M. In the past 24 hours, 478,532 GRNT shares were traded.
How to Buy Granite Ridge Resources Stock
Not sure how to invest in Granite Ridge Resources stock? Here's how.
- Decide where to buy Granite Ridge Resources stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you choose where to buy Granite Ridge Resources stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your payment method and add your info.
- Research Granite Ridge Resources stock: The Granite Ridge Resources ticker symbol is GRNT. Is Granite Ridge Resources stock a good investment? Should you buy shares of GRNT? How do GRNT's underlying business fundamentals look? Do top analysts think Granite Ridge Resources is a good buy? Why has GRNT's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if GRNT is a good stock to buy).
- Execute your GRNT buy order: Decide if you will purchase GRNT shares at the current market price or use a limit order to buy GRNT shares at a given price.
- Keep tabs on your GRNT position: Create a watchlist to get live updates on your investment in Granite Ridge Resources shares.
Step 1: Decide where to buy Granite Ridge Resources stock
You need an online brokerage account in order to access the NYSE market and buy GRNT stock.
Our preferred brokerage: eToro
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- Buy other assets: Such as ETFs and cryptocurrencies.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal details so you are able to invest in GRNT today.
How to Create a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal details to create a new trading account.
- Send your information by pressing the "Create Account" button.
Step 3: Fund your investment account
Now that you've created your account on the highest rated stock app, you can securely and quickly fund your account:
Watch the walkthrough below to see the process of transferring money into your investment account.
Step 4: Research Granite Ridge Resources stock
Once you have identified the best place to buy Granite Ridge Resources stock, it's very important to analyze their stock before you invest, so you actually wrap your head around the risk and opportunity.
Granite Ridge Resources shares quick numbers
GRNT Zen Score
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on GRNT's stock page.
What is the fair value of GRNT stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge GRNT's intrinsic value.
Using relative valuations metrics:
- GRNT may be undervalued based on its P/B ratio of 1.26x, relative to Oil & Gas E&P industry P/B ratio of 2.11x
You can do more valuation analysis on GRNT's stock here.
GRNT Financial Summary
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the GRNT balance sheet.
- GRNT earnings of $244.22M is not enough to cover its interest payments.
- GRNT's operating cash flow of $405.93M allows it to safely service it's debt of $55.00M.
- GRNT has a low debt to equity ratio of 0.34.
Negative Health Checks:
- GRNT profit margin has gone down from 45.3% to 42.5% in the past year.
- There are more long-term liabilities than short-term assets on the GRNT balance sheet.
GRNT Momentum
How are GRNT Revenues/Earnings doing?
Last year, GRNT revenue was $503.22M. Over the last 2 year, GRNT's revenue has increased by 140.62% per year. This was faster than the Oil & Gas E&P industry average of 25.96%.
Learn more about GRNT's earnings and revenue performance here.
Latest Insiders Trades at GRNT
Over the past year, executives and large shareholders at GRNT have sold more shares than they have bought.
Thaddeus Darden, Director of GRNT, was the latest GRNT insider to buy. They bought $114,800.00 worth of GRNT shares on Sep 18, 2023.
Research more about who owns GRNT shares here.
Can I rely on GRNT as an income stream?
Granite Ridge Resources pays a dividend of 1.8%, compared to the Oil & Gas E&P industry's average dividend yield of 4.01%. If you owned $1,000 worth of GRNT stock, you would have been paid $18.03 in the past 12 months.
Get more info about Granite Ridge Resources dividend yield and history here.
What do other investors have to say about GRNT?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your GRNT buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific price, place a limit order.
Hit the Open Trade button and your broker will place the order.
If you need more assistance buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your GRNT position
Now that you own some GRNT stock, you'll want to keep up with your new company.
Add GRNT to a watchlist to track the most important metrics related to your GRNT stock.
GRNT Feed
How to Buy Stock in Granite Ridge Resources
To reiterate, here are the 6 steps you need to take to buy Granite Ridge Resources stock right now:
- Decide where to buy Granite Ridge Resources stock
- Sign up for your brokerage account
- Fund your investment account
- Research Granite Ridge Resources stock
- Execute your GRNT buy order
- Keep tabs on your GRNT position
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to watch your new investment in Granite Ridge Resources, create your watchlist below.
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