Granite Ridge Resources Inc (NYSE: GRNT) kicked off on Monday, up 3.28% from the previous trading day, before settling in for the closing price of $6.40. Over the past 52 weeks, GRNT has traded in a range of $5.20-$7.10.
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Annual sales at Energy sector company grew by 16.88% over the past five years. While this was happening, its average annual earnings per share was recorded -36.43%. With a float of $52.47 million, this company’s outstanding shares have now reached $130.36 million.
Let’s look at the performance matrix of the company that is accounted for 2 employees. In terms of profitability, gross margin is 47.04%, operating margin of 25.42%, and the pretax margin is 16.6%.
Granite Ridge Resources Inc (GRNT) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of Granite Ridge Resources Inc is 59.87%, while institutional ownership is 26.95%. The most recent insider transaction that took place on Nov 15 ’24, was worth 32,500. In this transaction President and CEO of this company bought 5,000 shares at a rate of $6.50, taking the stock ownership to the 96,633 shares. Before that another transaction happened on Nov 13 ’24, when Company’s Chief Financial Officer bought 5,000 for $6.55, making the entire transaction worth $32,750. This insider now owns 86,723 shares in total.
Granite Ridge Resources Inc (GRNT) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -36.43% per share during the next fiscal year.
Granite Ridge Resources Inc (NYSE: GRNT) Trading Performance Indicators
Take a look at Granite Ridge Resources Inc’s (GRNT) current performance indicators. Last quarter, stock had a quick ratio of 1.56. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.37, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 0.62 in one year’s time.
Technical Analysis of Granite Ridge Resources Inc (GRNT)
Granite Ridge Resources Inc (NYSE: GRNT) saw its 5-day average volume 0.64 million, a positive change from its year-to-date volume of 0.43 million. As of the previous 9 days, the stock’s Stochastic %D was 74.94%. Additionally, its Average True Range was 0.18.
During the past 100 days, Granite Ridge Resources Inc’s (GRNT) raw stochastic average was set at 62.60%, which indicates a significant decrease from 87.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.73% in the past 14 days, which was higher than the 32.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.15, while its 200-day Moving Average is $6.31. Nevertheless, the first resistance level for the watch stands at $6.70 in the near term. At $6.80, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.94. If the price goes on to break the first support level at $6.46, it is likely to go to the next support level at $6.32. Assuming the price breaks the second support level, the third support level stands at $6.22.
Granite Ridge Resources Inc (NYSE: GRNT) Key Stats
The company with the Market Capitalisation of 834.24 million has total of 130,744K Shares Outstanding. Its annual sales at the moment are 394,070 K in contrast with the sum of 81,100 K annual income. Company’s last quarter sales were recorded 94,080 K and last quarter income was 9,050 K.
