Granite Ridge Resources Stock Performance
| GRNT Stock | USD 5.93 0.03 0.50% |
Granite Ridge has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.35, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Granite Ridge will likely underperform. Granite Ridge Resources right now retains a risk of 1.78%. Please check out Granite Ridge jensen alpha, as well as the relationship between the kurtosis and price action indicator , to decide if Granite Ridge will be following its current trending patterns.
Risk-Adjusted Performance
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Granite Ridge Resources are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, Granite Ridge is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors. ...more
Actual Historical Performance (%)
One Day Return (0.50) | Five Day Return (1.17) | Year To Date Return (2.95) | Ten Year Return (40.28) | All Time Return (40.28) |
Forward Dividend Yield 0.0738 | Payout Ratio 0.9778 | Last Split Factor 2499:1000 | Forward Dividend Rate 0.44 | Dividend Date 2024-09-13 |
1 | SM Energy Surpasses Q2 Earnings and Revenue Estimates | 08/07/2024 |
2 | Acquisition by Luke Brandenberg of 5000 shares of Granite Ridge at 6.23 subject to Rule 16b-3 | 08/13/2024 |
3 | Acquisition by Mccartney John of 1000 shares of Granite Ridge at 6.51 subject to Rule 16b-3 | 08/14/2024 |
4 | Acquisition by Tyler Farquharson of 5000 shares of Granite Ridge at 6.62 subject to Rule 16b-3 | 08/19/2024 |
5 | Acquisition by Miller Matthew Reade of 4000 shares of Granite Ridge at 6.33 subject to Rule 16b-3 | 08/22/2024 |
6 | Acquisition by Griffin Perry of 2000 shares of Granite Ridge at 5.76 subject to Rule 16b-3 | 08/28/2024 |
7 | Acquisition by Miller Matthew Reade of 8500 shares of Granite Ridge at 5.97 subject to Rule 16b-3 | 09/11/2024 |
8 | Director Matthew Miller Acquires 8,500 Shares of Granite Ridge Resources Inc | 09/12/2024 |
| Granite Ridge dividend paid on 13th of September 2024 | 09/13/2024 |
9 | Is Granite Ridge Resources, Inc. Trading At A 24 percent Discount | 09/18/2024 |
10 | Granite Ridge Resources price target lowered to 7 from 8 at Evercore ISI - TipRanks | 09/30/2024 |
11 | Is The Market Rewarding Granite Ridge Resources, Inc. With A Negative Sentiment As A Result Of Its Mixed Fundamentals | 10/22/2024 |
12 | Acquisition by Darden Thaddeus of 7000 shares of Granite Ridge at 5.9 subject to Rule 16b-3 | 10/25/2024 |
13 | Earnings Preview Granite Ridge Resources, Inc. Q3 Earnings Expected to Decline | 10/31/2024 |
| Begin Period Cash Flow | 50.8 M |
Granite |
Granite Ridge Relative Risk vs. Return Landscape
If you would invest 589.00 in Granite Ridge Resources on August 3, 2024 and sell it today you would earn a total of 4.00 from holding Granite Ridge Resources or generate 0.68% return on investment over 90 days. Granite Ridge Resources is currently generating 0.0264% in daily expected returns and assumes 1.7818% risk (volatility on return distribution) over the 90 days horizon. In different words, 15% of stocks are less volatile than Granite, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Granite Ridge Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Granite Ridge's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Granite Ridge Resources, and traders can use it to determine the average amount a Granite Ridge's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0148
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| Negative Returns | GRNT |
Estimated Market Risk
| 1.78 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 1 99% of assets perform better |
Based on monthly moving average Granite Ridge is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Granite Ridge by adding it to a well-diversified portfolio.
Granite Ridge Fundamentals Growth
Granite Stock prices reflect investors' perceptions of the future prospects and financial health of Granite Ridge, and Granite Ridge fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Granite Stock performance.
| Return On Equity | 0.0863 | ||||
| Return On Asset | 0.0759 | ||||
| Profit Margin | 0.15 % | ||||
| Operating Margin | 0.25 % | ||||
| Current Valuation | 881.26 M | ||||
| Shares Outstanding | 130.74 M | ||||
| Price To Earning | 459.50 X | ||||
| Price To Book | 1.17 X | ||||
| Price To Sales | 2.10 X | ||||
| Revenue | 394.07 M | ||||
| Gross Profit | 422.12 M | ||||
| EBITDA | 277.92 M | ||||
| Net Income | 80.95 M | ||||
| Cash And Equivalents | 172.1 K | ||||
| Total Debt | 110 M | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 0.02 X | ||||
| Book Value Per Share | 5.09 X | ||||
| Cash Flow From Operations | 302.87 M | ||||
| Earnings Per Share | 0.43 X | ||||
| Market Capitalization | 779.23 M | ||||
| Total Asset | 944.78 M | ||||
| Retained Earnings | 54.78 M | ||||
| Working Capital | 89.47 M | ||||
About Granite Ridge Performance
Assessing Granite Ridge's fundamental ratios provides investors with valuable insights into Granite Ridge's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Granite Ridge is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.09 | 0.09 | |
| Return On Capital Employed | 0.13 | 0.14 | |
| Return On Assets | 0.09 | 0.09 | |
| Return On Equity | 0.12 | 0.13 |
Things to note about Granite Ridge Resources performance evaluation
Checking the ongoing alerts about Granite Ridge for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Granite Ridge Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Granite Ridge Resources currently holds 110 M in liabilities with Debt to Equity (D/E) ratio of 0.0, which may suggest the company is not taking enough advantage from borrowing. Granite Ridge Resources has a current ratio of 0.02, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Granite Ridge's use of debt, we should always consider it together with its cash and equity. | |
| About 52.0% of Granite Ridge shares are held by company insiders | |
| On 13th of September 2024 Granite Ridge paid $ 0.11 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Earnings Preview Granite Ridge Resources, Inc. Q3 Earnings Expected to Decline |
- Analyzing Granite Ridge's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Granite Ridge's stock is overvalued or undervalued compared to its peers.
- Examining Granite Ridge's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Granite Ridge's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Granite Ridge's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Granite Ridge's stock. These opinions can provide insight into Granite Ridge's potential for growth and whether the stock is currently undervalued or overvalued.
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.