Q3 2024 EPS Estimates for Granite Ridge Resources, Inc. Decreased by Capital One Financial
GRNT Stock | USD 5.80 0.13 2.19% |
Slightly above 64% of all Granite Ridge's private investors are looking to take a long position. The current sentiment of investing in Granite Ridge Resources suggests that some traders are interested. Granite Ridge's investing sentiment can be driven by a variety of factors including economic data, Granite Ridge's earnings reports, geopolitical events, and overall market trends.
Granite |
Granite Ridge Resources, Inc. Investment analysts at Capital One Financial decreased their Q3 2024 earnings estimates for Granite Ridge Resources in a research note issued to investors on Tuesday, September 17th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of 0.15 for
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Granite Ridge Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Granite Ridge can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Granite Ridge Fundamental Analysis
We analyze Granite Ridge's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Granite Ridge using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Granite Ridge based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Target Price
Target Price Comparative Analysis
Granite Ridge is currently under evaluation in target price category among its peers.
Granite Ridge Resources Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Granite Ridge stock to make a market-neutral strategy. Peer analysis of Granite Ridge could also be used in its relative valuation, which is a method of valuing Granite Ridge by comparing valuation metrics with similar companies.
Peers
Granite Ridge Related Equities
PNRG | PrimeEnergy | 2.79 | ||||
CRC | California Resources | 0.08 | ||||
GPOR | Gulfport Energy | 0.61 | ||||
PHX | PHX Minerals | 0.82 | ||||
GPRK | GeoPark | 0.89 | ||||
MXC | Mexco Energy | 1.18 | ||||
CRGY | Crescent Energy | 1.37 | ||||
EPM | Evolution Petroleum | 2.09 | ||||
EPSN | Epsilon Energy | 3.74 | ||||
NRT | North European | 16.18 |
Additional Tools for Granite Stock Analysis
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.