Granite Ridge Resources Inc (NYSE: GRNT) on Friday, soared 10.14% from the previous trading day, before settling in for the closing price of $5.62. Within the past 52 weeks, GRNT’s price has moved between $5.20 and $7.10.
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Energy Sector giant saw their annual sales surged by 16.88% over the last five years. The company achieved an average annual earnings per share of -41.25%. With a float of $53.15 million, this company’s outstanding shares have now reached $130.74 million.
The firm has a total of 2 workers. Let’s measure their productivity. 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) Breakdown of a Key Holders of the stock
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 59.95%, while institutional ownership is 26.81%. The most recent insider transaction that took place on Dec 16 ’24, was worth 3,051. In this transaction Director of this company bought 506 shares at a rate of $6.03, taking the stock ownership to the 1,229,953 shares. Before that another transaction happened on Dec 11 ’24, when Company’s President and CEO bought 8,495 for $6.10, making the entire transaction worth $51,820. This insider now owns 109,128 shares in total.
Granite Ridge Resources Inc (GRNT) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -41.25% 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 2.34.
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 0.60 in one year’s time.
Technical Analysis of Granite Ridge Resources Inc (GRNT)
Analysing the last 5-days average volume posted by the [Granite Ridge Resources Inc, GRNT], we can find that recorded value of 1.44 million was better than the volume posted last year of 0.46 million. As of the previous 9 days, the stock’s Stochastic %D was 34.44%. Additionally, its Average True Range was 0.23.
During the past 100 days, Granite Ridge Resources Inc’s (GRNT) raw stochastic average was set at 51.06%, which indicates a significant decrease from 72.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.19% in the past 14 days, which was higher than the 35.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.21, while its 200-day Moving Average is $6.35. Now, the first resistance to watch is $6.50. This is followed by the second major resistance level at $6.82. The third major resistance level sits at $7.33. If the price goes on to break the first support level at $5.67, it is likely to go to the next support level at $5.16. Now, if the price goes above the second support level, the third support stands at $4.84.
Granite Ridge Resources Inc (NYSE: GRNT) Key Stats
Market capitalization of the company is 891.39 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.
