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Granite Ridge Resources Inc

GRNT

$6.60

Closing

▼-0.45%

1D

▲2.17%

YTD

GRNT

BBG017RM8TP6

Exchange

Sector

Market cap

$862.91M

Volume

381,283

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Market cap

$862.91M

Analysts' Rating

BUY

Price Target (Mean)

7.56

Total Analysts

6

P/E

18.09

Operating Margin

26.54%

Beta

0.21

Revenue Growth

-13.22%

52 week high

$7.08

52 week low

$5.29

Div. Yield

6.64%

EPS Growth

7.69

Company Profile

Granite Ridge Resources, Inc. is an oil and gas exploration and production company. It owns a portfolio of wells and top-tier acreage across the Permian and four other prolific unconventional basins across the United States. It holds interests in wells in core operating areas of the Permian, Eagle Ford, Bakken, Haynesville and Denver-Julesburg (DJ) plays. It owns an interest in approximately 2,826 gross (176.50 net) producing wells, 309,472. The Permian Basin extends from southeastern New Mexico into west Texas. The Permian Basin consists of mature legacy onshore oil and liquids-rich natural gas reservoirs. The Eagle Ford shale formation stretches across south Texas and includes Austin Chalk and Buda formations. The Williston Basin stretches through North Dakota, the northwest part of South Dakota, and eastern Montana. The Haynesville Basin is a premier natural gas basin located in Northwestern Louisiana and East Texas. The DJ basin is a geologic basin centered in eastern Colorado.