As on Wednesday, Granite Ridge Resources Inc (NYSE: GRNT) got off with the flyer as it spiked 0.46% to $6.55, before settling in for the price of $6.52 at the close. Taking a more long-term approach, GRNT posted a 52-week range of $5.20-$7.10.
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The company of the Energy sector’s yearbook sales growth during the past 5- year span was recorded 16.88%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -39.29%. This publicly-traded company’s shares outstanding now amounts to $130.36 million, simultaneously with a float of $52.43 million. The organization now has a market capitalization sitting at $856.37 million. At the time of writing, stock’s 50-day Moving Average stood at $6.21, while the 200-day Moving Average is $6.35.
Granite Ridge Resources Inc (GRNT) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Oil & Gas E&P industry. Granite Ridge Resources Inc’s current insider ownership accounts for 59.90%, in contrast to 26.95% institutional ownership. According to the most recent insider trade that took place on Nov 26 ’24, this organization’s President and CEO bought 2,500 shares at the rate of 6.57, making the entire transaction reach 16,425 in total value, affecting insider ownership by 99,133. Preceding that transaction, on Nov 21 ’24, Company’s Director bought 1,000 for 6.62, making the whole transaction’s value amount to 6,620. This particular insider is now the holder of 49,839 in total.
Granite Ridge Resources Inc (GRNT) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.
Granite Ridge Resources Inc’s EPS decrease for this current 12-month fiscal period is -39.29% and is forecasted to reach 0.64 in the upcoming year.
Granite Ridge Resources Inc (NYSE: GRNT) Trading Performance Indicators
Let’s observe the current performance indicators for Granite Ridge Resources Inc (GRNT). It’s Quick Ratio in the last reported quarter now stands at 1.56. The Stock has managed to achieve an average true range (ATR) of 0.18. Alongside those numbers, its PE Ratio stands at $17.93, and its Beta score is 0.21. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.25.
In the same vein, GRNT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.37, a figure that is expected to reach 0.14 in the next quarter, and analysts are predicting that it will be 0.64 at the market close of one year from today.
Technical Analysis of Granite Ridge Resources Inc (GRNT)
Through scrutinizing the latest numbers posted by the [Granite Ridge Resources Inc, GRNT], it can be observed that its last 5-days Average volume of 0.59 million was better the volume of 0.44 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 50.00% While, its Average True Range was 0.19.
Raw Stochastic average of Granite Ridge Resources Inc (GRNT) in the period of the previous 100 days is set at 58.02%, which indicates a major rise in contrast to 44.00% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 32.54% that was higher than 32.27% volatility it exhibited in the past 100-days period.
