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 $6.22, up 0.65% from the previous day, and has increased 6.14% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.13 percentage points. Granite Ridge Resources stock is currently +19.62% from its 52-week low of $5.20, and -12.39% from its 52-week high of $7.10.
At the moment, there are 130.74M GRNT shares outstanding. The market value of GRNT is $813.23M. In the past 24 hours, 224,780 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 a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Granite Ridge Resources stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your method of payment 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 analysis website can help you understand 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 stock at a given price.
- Keep tabs on your GRNT position: Create a watchlist to watch your investment in Granite Ridge Resources stock.
Step 1: Decide where to buy Granite Ridge Resources stock
You will need an online brokerage account to access the NYSE market and buy GRNT stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal info so you are able to buy GRNT today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new brokerage account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've filled out your info on one of the most highly reviewed stock market apps, you can securely and quickly fund your account:
Check out the walkthrough below if you need help depositing money into your brokerage account.
Step 4: Research Granite Ridge Resources stock
Once you have figured out the best place to buy Granite Ridge Resources stock, it's crucial to research their stock prior to buying, so you truly wrap your head around the risk as well as the upside.
Granite Ridge Resources quick stats
GRNT Zen Score
WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on GRNT's stock page.
Is GRNT stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge GRNT's fair value.
Using relative valuations methods:
- GRNT may be overvalued based on its P/E ratio of 14.81x, relative to Oil & Gas E&P industry P/E ratio of 7.8x
- GRNT may be undervalued based on its P/B ratio of 1.22x, relative to Oil & Gas E&P industry P/B ratio of 1.87x
- GRNT could be overvalued based on its PEG ratio of 1.05x
You can access more valuation analysis on GRNT's stock here.
Is GRNT a healthy company?
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the GRNT balance sheet.
- GRNT has $62.97M in cash and short term investments. This is enough to cover its annual cash burn of $21.14M.
- GRNT has cash burn of 21143000. It has enough cash and short-term investments to cover this for at least one year.
Negative Health Checks:
- GRNT profit margin has gone down from 42.2% to 14.4% in the past year.
- GRNT has a relatively high debt to equity ratio of 0.49.
- There are more long-term liabilities than short-term assets on the GRNT balance sheet.
Is GRNT stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 3 sell side analysts who track GRNT, the consensus analyst rating on Granite Ridge Resources is a Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Granite Ridge Resources stock forecast page.
GRNT Momentum
Is GRNT Making Money?
Last year, GRNT earnings were $56.82M. In the past 3 year, GRNT's earnings have increased by 117.57% per year. This was faster than the Oil & Gas E&P industry average of 6.63%.
Last year, GRNT revenue was $394.85M. Over the last three year, GRNT's revenue has grown by 152.45% per year. This was faster than the Oil & Gas E&P industry average of 12.3%.
Dive into GRNT's earnings and revenue performance here.
Who is buying/selling GRNT?
In the past 12 months, executives and large shareholders at GRNT have bought more shares than they have sold.
Matthew Reade Miller, Director of GRNT, was the latest GRNT insider to buy. They bought $3,083.85 worth of GRNT stock on Sep 13, 2024.
Get more info about who owns GRNT stock here.
Can I get consistent income from GRNT stock?
No, Granite Ridge Resources doesn't provide an income stream by paying out dividends.
What do other investors have to say about GRNT?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your GRNT buy order
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given price, use a limit order.
Press the Open button and your broker will place your order.
If you need more assistance buying stocks on eToro, click the how to 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 investment.
Put GRNT on a watchlist to track 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 are looking for a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Granite Ridge Resources, add GRNT to your watchlist by clicking the button below.
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