BofA Securities resumed coverage on Granite Ridge Resources with a new price target
$GRNT
Oil & Gas Production
Energy
BofA Securities resumed coverage of Granite Ridge Resources with a rating of Neutral and set a new price target of $7.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/21/2025 | Overweight → Equal Weight | CapitalOne | |
| 6/14/2024 | $7.00 | Neutral | BofA Securities |
| 5/15/2024 | $8.80 | Buy | ROTH MKM |
| 11/7/2023 | $9.00 | Buy | BofA Securities |
| 9/27/2023 | $8.00 | Overweight | Stephens |
Granite Ridge Resources, Inc. ("Granite Ridge" or the "Company") (NYSE:GRNT) today reported financial and operating results for the first quarter of 2025. First Quarter 2025 Highlights Grew daily production 23% to 29,245 barrels of oil equivalent ("Boe") per day (50% oil), from 23,842 Boe per day for the first quarter of 2024. Reported net income of $9.8 million, or $0.07 per diluted share, versus $16.2 million, or $0.12 per diluted share, for the prior year period. Adjusted Net Income (non-GAAP) totaled $28.9 million, or $0.22 Adjusted Earnings Per Diluted Share (non-GAAP). Generated $91.4 million of Adjusted EBITDAX (non-GAAP). Invested $71.4 million in development capital expend
Granite Ridge Resources, Inc. ("Granite Ridge") (NYSE:GRNT) today announced that it will report financial and operating results for the first quarter of 2025 on Thursday, May 8, 2025, after the close of trading on the New York Stock Exchange. Granite Ridge will host a webcast and conference call on Friday, May 9, 2025, at 10:00 a.m. central time to discuss its first quarter 2025 financial and operating results. Instructions on how to access the webcast and conference call are shown below. Webcast: We encourage participants to pre-register for the webcast using the following link: https://events.q4inc.com/attendee/869906741. Alternatively, a link to the webcast can be found on the Com
Granite Ridge Resources, Inc. (NYSE:GRNT) ("Granite Ridge" or the "Company") today reported financial and operating results for the fourth quarter and full-year 2024 and provided initial guidance for 2025. Fourth Quarter 2024 Highlights Increased total production by 7% to 27,734 Boe/day (53% oil) driven by a 20% increase in oil production Reported Net Loss of $11.6 million, or $(0.09) per share, and Adjusted Net Income (non-GAAP) of $22.7 million, or $0.17 per diluted share Generated Adjusted EBITDAX (non-GAAP) of $82.6 million Invested $93.3 million of capital, placing online 86 gross (4.08 net) wells Declared a dividend of $0.11 per share Ended the year with total liquidity o
8-K - Granite Ridge Resources, Inc. (0001928446) (Filer)
10-Q - Granite Ridge Resources, Inc. (0001928446) (Filer)
8-K - Granite Ridge Resources, Inc. (0001928446) (Filer)
CapitalOne downgraded Granite Ridge Resources from Overweight to Equal Weight
BofA Securities resumed coverage of Granite Ridge Resources with a rating of Neutral and set a new price target of $7.00
ROTH MKM initiated coverage of Granite Ridge Resources with a rating of Buy and set a new price target of $8.80
4 - Granite Ridge Resources, Inc. (0001928446) (Issuer)
4 - Granite Ridge Resources, Inc. (0001928446) (Issuer)
4 - Granite Ridge Resources, Inc. (0001928446) (Issuer)
4 - Granite Ridge Resources, Inc. (0001928446) (Issuer)
4 - Granite Ridge Resources, Inc. (0001928446) (Issuer)
4 - Granite Ridge Resources, Inc. (0001928446) (Issuer)
SC 13D/A - Granite Ridge Resources, Inc. (0001928446) (Subject)
SC 13G - Granite Ridge Resources, Inc. (0001928446) (Subject)
SC 13D/A - Granite Ridge Resources, Inc. (0001928446) (Subject)
Granite Ridge Resources, Inc. ("Granite Ridge" or the "Company") (NYSE:GRNT) today reported financial and operating results for the first quarter of 2025. First Quarter 2025 Highlights Grew daily production 23% to 29,245 barrels of oil equivalent ("Boe") per day (50% oil), from 23,842 Boe per day for the first quarter of 2024. Reported net income of $9.8 million, or $0.07 per diluted share, versus $16.2 million, or $0.12 per diluted share, for the prior year period. Adjusted Net Income (non-GAAP) totaled $28.9 million, or $0.22 Adjusted Earnings Per Diluted Share (non-GAAP). Generated $91.4 million of Adjusted EBITDAX (non-GAAP). Invested $71.4 million in development capital expend
Granite Ridge Resources, Inc. ("Granite Ridge") (NYSE:GRNT) today announced that it will report financial and operating results for the first quarter of 2025 on Thursday, May 8, 2025, after the close of trading on the New York Stock Exchange. Granite Ridge will host a webcast and conference call on Friday, May 9, 2025, at 10:00 a.m. central time to discuss its first quarter 2025 financial and operating results. Instructions on how to access the webcast and conference call are shown below. Webcast: We encourage participants to pre-register for the webcast using the following link: https://events.q4inc.com/attendee/869906741. Alternatively, a link to the webcast can be found on the Com
Granite Ridge Resources, Inc. (NYSE:GRNT) ("Granite Ridge" or the "Company") today reported financial and operating results for the fourth quarter and full-year 2024 and provided initial guidance for 2025. Fourth Quarter 2024 Highlights Increased total production by 7% to 27,734 Boe/day (53% oil) driven by a 20% increase in oil production Reported Net Loss of $11.6 million, or $(0.09) per share, and Adjusted Net Income (non-GAAP) of $22.7 million, or $0.17 per diluted share Generated Adjusted EBITDAX (non-GAAP) of $82.6 million Invested $93.3 million of capital, placing online 86 gross (4.08 net) wells Declared a dividend of $0.11 per share Ended the year with total liquidity o