What is Northland Securities’ Estimate for GRNT Q3 Earnings?

Granite Ridge Resources, Inc. (NYSE:GRNT) – Equities research analysts at Northland Securities increased their Q3 2026 earnings per share (EPS) estimates for Granite Ridge Resources in a research note issued on Thursday, July 23rd. Northland Securities analyst J. Grampp now forecasts that the company will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.15. Northland Securities has a “Outperform” rating and a $9.00 price objective on the stock. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.41 per share. Northland Securities also issued estimates for Granite Ridge Resources’ Q4 2026 earnings at $0.19 EPS, FY2026 earnings at $0.45 EPS and FY2027 earnings at $0.74 EPS.

Other research analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Granite Ridge Resources from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Stephens reduced their target price on shares of Granite Ridge Resources from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, Zacks Research cut shares of Granite Ridge Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.00.

Granite Ridge Resources Trading Down 1.7%

NYSE GRNT opened at $4.84 on Friday. The firm has a market cap of $639.06 million, a P/E ratio of -19.38 and a beta of 0.21. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s 50-day moving average is $4.80 and its 200-day moving average is $5.06. Granite Ridge Resources has a one year low of $4.18 and a one year high of $6.14.

Granite Ridge Resources (NYSE:GRNT) last posted its earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). Granite Ridge Resources had a negative net margin of 7.13% and a positive return on equity of 4.99%. The business had revenue of $128.26 million during the quarter, compared to analyst estimates of $126.68 million.

Granite Ridge Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date was Friday, May 29th. Granite Ridge Resources’s payout ratio is -176.00%.

Insider Buying and Selling

In related news, Director Griffin Perry bought 100,000 shares of Granite Ridge Resources stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of $5.49 per share, for a total transaction of $549,000.00. Following the completion of the acquisition, the director directly owned 1,163,903 shares of the company’s stock, valued at approximately $6,389,827.47. The trade was a 9.40% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tyler Farquharson bought 10,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $5.15 per share, with a total value of $51,500.00. Following the transaction, the chief executive officer directly owned 344,743 shares in the company, valued at approximately $1,775,426.45. This trade represents a 2.99% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 148,780 shares of company stock worth $798,208. Corporate insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Granite Ridge Resources

A number of institutional investors have recently modified their holdings of the company. First Horizon Corp acquired a new stake in shares of Granite Ridge Resources during the fourth quarter worth $35,000. Osaic Holdings Inc. lifted its holdings in Granite Ridge Resources by 264.2% in the second quarter. Osaic Holdings Inc. now owns 5,506 shares of the company’s stock valued at $35,000 after buying an additional 3,994 shares during the period. EverSource Wealth Advisors LLC boosted its position in Granite Ridge Resources by 2,398.3% during the second quarter. EverSource Wealth Advisors LLC now owns 5,721 shares of the company’s stock valued at $36,000 after acquiring an additional 5,492 shares during the last quarter. OpenArc Corporate Advisory LLC bought a new stake in Granite Ridge Resources during the fourth quarter valued at $52,000. Finally, Tower Research Capital LLC TRC boosted its position in Granite Ridge Resources by 103.0% during the second quarter. Tower Research Capital LLC TRC now owns 9,133 shares of the company’s stock valued at $58,000 after acquiring an additional 4,635 shares during the last quarter. 31.56% of the stock is owned by institutional investors.

Granite Ridge Resources Company Profile

Granite Ridge Resources, Inc operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc is based in Dallas, Texas.