Based on the measurements of operating efficiency obtained from Granite Ridge's historical financial statements, Granite Ridge Resources may be sliding down financialy. It has an above-average risk of going through some form of financial distress next quarter. At this time, Granite Ridge's Non Current Liabilities Total is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 647.7 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 36.8 M in 2024. Key indicators impacting Granite Ridge's financial strength include:
The financial analysis of Granite Ridge is a critical element in measuring its lifeblood. Investors should not minimize Granite Ridge's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.
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71.52 Million
Granite
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Understanding current and past Granite Ridge Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Granite Ridge's financial statements are interrelated, with each one affecting the others. For example, an increase in Granite Ridge's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Granite Ridge's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Granite Ridge Resources. Check Granite Ridge's Beneish M Score to see the likelihood of Granite Ridge's management manipulating its earnings.
Granite Ridge Stock Summary
Granite Ridge competes with Epsilon Energy, Gulfport Energy, North European, PHX Minerals, and California Resources. Granite Ridge Resources, Inc. manages private funds with interests in areas of the Midland, Delaware, Bakken, Eagle Ford, DJ, and Haynesville play. Granite Ridge operates under Shell Companies classification in the United States and is traded on New York Stock Exchange.
Comparative valuation techniques use various fundamental indicators to help in determining Granite Ridge's current stock value. Our valuation model uses many indicators to compare Granite Ridge value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Granite Ridge competition to find correlations between indicators driving Granite Ridge's intrinsic value. More Info.
Granite Ridge Resources is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 0.88 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Granite Ridge Resources is roughly 1.14 . At this time, Granite Ridge's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Granite Ridge by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Granite Ridge Resources Systematic Risk
Granite Ridge's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Granite Ridge volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Granite Ridge Resources correlated with the market. If Beta is less than 0 Granite Ridge generally moves in the opposite direction as compared to the market. If Granite Ridge Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Granite Ridge Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Granite Ridge is generally in the same direction as the market. If Beta > 1 Granite Ridge moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Granite Ridge Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Granite Ridge's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Granite Ridge growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Granite Ridge help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Granite Ridge Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Granite Ridge Resources based on widely used predictive technical indicators. In general, we focus on analyzing Granite Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Granite Ridge's daily price indicators and compare them against related drivers.
When running Granite Ridge's price analysis, check to measure Granite Ridge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Ridge is operating at the current time. Most of Granite Ridge's value examination focuses on studying past and present price action to predict the probability of Granite Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Ridge's price. Additionally, you may evaluate how the addition of Granite Ridge to your portfolios can decrease your overall portfolio volatility.