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NYSE: GRNT
Granite Ridge Resources Inc Stock Forecast, Predictions & Price Target

Analyst price target for GRNT

Based on 3 analysts offering 12 month price targets for Granite Ridge Resources Inc.
Min Forecast
$7.00+17.45%
Avg Forecast
$7.60+27.52%
Max Forecast
$8.80+47.65%

Should I buy or sell GRNT stock?

Based on 3 analysts offering ratings for Granite Ridge Resources Inc.
Buy
Strong Buy
1 analysts 33.33%
Buy
0 analysts 0%
Hold
2 analysts 66.67%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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GRNT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-09-30
lockedlocked$00.00+00.00%2024-06-14
lockedlocked$00.00+00.00%2024-05-15

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Forecast return on equity

Is GRNT forecast to generate an efficient return?
Company
8.65%
Industry
18.09%
Market
59.27%
GRNT's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is GRNT forecast to generate an efficient return on assets?
Company
5.81%
Industry
9.55%
GRNT is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

GRNT earnings per share forecast

What is GRNT's earnings per share in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$0.55+29.76%
Avg 2 year Forecast
$0.55+30.17%
Avg 3 year Forecast
$0.44+4.76%
GRNT's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

GRNT revenue forecast

What is GRNT's revenue in the next 2 years based on estimates from 1 analyst?
Avg 1 year Forecast
$378.1M-4.25%
Avg 2 year Forecast
$418.8M+6.07%
GRNT's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

GRNT earnings growth forecast

How is GRNT forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
11.4%
Industry
5.95%
Market
19.46%
GRNT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
GRNT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
GRNT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

GRNT revenue growth forecast

How is GRNT forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
2.99%
Industry
5.73%
Market
8.25%
GRNT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
GRNT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

GRNT vs Oil and Gas Stocks

TickerPricePrice TargetUp/downsideConsensus
GRNT$5.96$7.60+27.52%Buy
VTS$25.10$26.00+3.59%Strong Buy
TXO$18.42N/AN/A
REPX$26.65$38.00+42.59%Strong Buy
DEC$12.02$18.50+53.91%Strong Buy

Granite Ridge Resources Stock Forecast FAQ

Is Granite Ridge Resources Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NYSE: GRNT) stock is to Buy GRNT stock.

Out of 3 analysts, 1 (33.33%) are recommending GRNT as a Strong Buy, 0 (0%) are recommending GRNT as a Buy, 2 (66.67%) are recommending GRNT as a Hold, 0 (0%) are recommending GRNT as a Sell, and 0 (0%) are recommending GRNT as a Strong Sell.

If you're new to stock investing, here's how to buy Granite Ridge Resources stock.

What is GRNT's earnings growth forecast for 2024-2026?

(NYSE: GRNT) Granite Ridge Resources's forecast annual earnings growth rate of 11.4% is forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 5.95%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.46%.

Granite Ridge Resources's earnings in 2024 is $56,824,000.On average, 2 Wall Street analysts forecast GRNT's earnings for 2024 to be $71,255,454, with the lowest GRNT earnings forecast at $67,986,855, and the highest GRNT earnings forecast at $74,524,053. On average, 3 Wall Street analysts forecast GRNT's earnings for 2025 to be $71,477,719, with the lowest GRNT earnings forecast at $45,760,383, and the highest GRNT earnings forecast at $96,750,524.

In 2026, GRNT is forecast to generate $57,527,339 in earnings, with the lowest earnings forecast at $57,527,339 and the highest earnings forecast at $57,527,339.

What is GRNT's revenue growth forecast for 2024-2025?

(NYSE: GRNT) Granite Ridge Resources's forecast annual revenue growth rate of 2.99% is not forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 5.73%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.25%.

Granite Ridge Resources's revenue in 2024 is $394,850,000.On average, 1 Wall Street analysts forecast GRNT's revenue for 2024 to be $49,427,751,054, with the lowest GRNT revenue forecast at $49,427,751,054, and the highest GRNT revenue forecast at $49,427,751,054.

In 2025, GRNT is forecast to generate $54,758,181,977 in revenue, with the lowest revenue forecast at $54,758,181,977 and the highest revenue forecast at $54,758,181,977.

What is GRNT's forecast return on assets (ROA) for 2024-2026?

(NYSE: GRNT) forecast ROA is 5.81%, which is lower than the forecast US Oil & Gas E&P industry average of 9.55%.

What is GRNT's Price Target?

According to 3 Wall Street analysts that have issued a 1 year GRNT price target, the average GRNT price target is $7.60, with the highest GRNT stock price forecast at $8.80 and the lowest GRNT stock price forecast at $7.00.

On average, Wall Street analysts predict that Granite Ridge Resources's share price could reach $7.60 by Sep 30, 2025. The average Granite Ridge Resources stock price prediction forecasts a potential upside of 27.52% from the current GRNT share price of $5.96.

What is GRNT's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: GRNT) Granite Ridge Resources's current Earnings Per Share (EPS) is $0.42. On average, analysts forecast that GRNT's EPS will be $0.55 for 2024, with the lowest EPS forecast at $0.52, and the highest EPS forecast at $0.57. On average, analysts forecast that GRNT's EPS will be $0.55 for 2025, with the lowest EPS forecast at $0.35, and the highest EPS forecast at $0.74. In 2026, GRNT's EPS is forecast to hit $0.44 (min: $0.44, max: $0.44).

What is GRNT's forecast return on equity (ROE) for 2024-2026?

(NYSE: GRNT) forecast ROE is 8.65%, which is considered weak.
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