Granite Ridge Resources Inc (NYSE: GRNT) on Tuesday, plunged -0.16% from the previous trading day, before settling in for the closing price of $6.42. Within the past 52 weeks, GRNT’s price has moved between $5.20 and $7.10.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 16.88%. The company achieved an average annual earnings per share of -41.04%. With a float of $52.42 million, this company’s outstanding shares have now reached $130.74 million.
The extent of productivity of a business whose workforce counts for 2 workers is very important to gauge. 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
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of Granite Ridge Resources Inc is 59.90%, while institutional ownership is 26.96%. The most recent insider transaction that took place on Nov 26 ’24, was worth 16,425. In this transaction President and CEO of this company bought 2,500 shares at a rate of $6.57, taking the stock ownership to the 99,133 shares. Before that another transaction happened on Nov 21 ’24, when Company’s Director bought 1,000 for $6.62, making the entire transaction worth $6,620. This insider now owns 49,839 shares in total.
Granite Ridge Resources Inc (GRNT) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -41.04% per share during the next fiscal year.
Granite Ridge Resources Inc (NYSE: GRNT) Trading Performance Indicators
Granite Ridge Resources Inc (GRNT) is currently performing well based on its current performance indicators. A quick ratio of 1.56 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.20.
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)
The latest stats from [Granite Ridge Resources Inc, GRNT] show that its last 5-days average volume of 0.45 million was superior to 0.44 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 21.45%. Additionally, its Average True Range was 0.17.
During the past 100 days, Granite Ridge Resources Inc’s (GRNT) raw stochastic average was set at 47.33%, which indicates a significant increase from 19.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.18% in the past 14 days, which was lower than the 31.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.22, while its 200-day Moving Average is $6.36. Now, the first resistance to watch is $6.47. This is followed by the second major resistance level at $6.53. The third major resistance level sits at $6.59. If the price goes on to break the first support level at $6.34, it is likely to go to the next support level at $6.28. Assuming the price breaks the second support level, the third support level stands at $6.22.
Granite Ridge Resources Inc (NYSE: GRNT) Key Stats
Market capitalization of the company is 838.07 million based on 130,744K outstanding shares. Right now, sales total 394,070 K and income totals 81,100 K. The company made 94,080 K in profit during its latest quarter, and 9,050 K in sales during its previous quarter.
