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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/26/2022 | $13.00 | Overweight | CapitalOne |
Granite Ridge is listed on the NYSE under the ticker symbol "GRNT" Granite Ridge is a scaled, non-operated oil and gas exploration and production company with an unlevered balance sheet and immediate free cash flow generation Granite Ridge initial enterprise value of $1.2 billion is underpinned by an anticipated 4.9% annual dividend yield and an attractive entry valuation multiple for investors Management team, sponsor economics and governance are highly aligned with public stockholders Grey Rock Investment Partners ("Grey Rock"), a Dallas-based investment firm, and Executive Network Partnering Corporation ("ENPC") (NYSE:ENPC), a special purpose acquisition entity, announced today
15-12G - Executive Network Partnering Corp (0001816261) (Filer)
25-NSE - Executive Network Partnering Corp (0001816261) (Subject)
425 - Executive Network Partnering Corp (0001816261) (Subject)
CapitalOne initiated coverage of Executive Network Partnering Corporation with a rating of Overweight and set a new price target of $13.00
SC 13G/A - Executive Network Partnering Corp (0001816261) (Subject)
SC 13G - Executive Network Partnering Corp (0001816261) (Subject)
SC 13G/A - Executive Network Partnering Corp (0001816261) (Subject)
Granite Ridge is listed on the NYSE under the ticker symbol "GRNT" Granite Ridge is a scaled, non-operated oil and gas exploration and production company with an unlevered balance sheet and immediate free cash flow generation Granite Ridge initial enterprise value of $1.2 billion is underpinned by an anticipated 4.9% annual dividend yield and an attractive entry valuation multiple for investors Management team, sponsor economics and governance are highly aligned with public stockholders Grey Rock Investment Partners ("Grey Rock"), a Dallas-based investment firm, and Executive Network Partnering Corporation ("ENPC") (NYSE:ENPC), a special purpose acquisition entity, announced today
Grey Rock Investment Partners ("Grey Rock"), a Dallas-based investment firm, and Executive Network Partnering Corporation ("ENPC") (NYSE:ENPC), a special purpose acquisition entity, previously announced the entry into a definitive agreement to complete a $1.3 billion business combination (the "Business Combination") resulting in the formation of publicly traded Granite Ridge Resources, Inc. ("Granite Ridge"). Grey Rock and ENPC are together presenting a summary of selected unaudited pro forma condensed combined operating and financial results for the six months ended June 30, 2022 and 2021, respectively, for Grey Rock Energy Fund III-A, LP, Grey Rock Energy Fund III-B, LP, Grey Rock Energy
Formation of Granite Ridge creates a scaled, non-operated oil and gas exploration and production company with an unlevered balance sheet and immediate free cash flow generation Assets include a diversified portfolio of production and top-tier acreage across the Permian and other prolific US basins in partnership with proven operators Pro forma enterprise value of Granite Ridge estimated at approximately $1.3 billion underpinned by an expected initial 3.5% - 4.6% regular dividend yield, depending on redemptions, and an attractive entry valuation multiple for investors Estimated 2022 net production of 20.5 thousand barrels of oil equivalent per day 2022 estimated EBITDA of approximat