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Granite Ridge Resources, Inc. (GRNT)

(Delayed Data from NYSE)

$7.00 USD

7.00
491,793

-0.05 (-0.71%)

Updated Jul 16, 2024 04:00 PM ET

After-Market: $6.99 -0.01 (-0.14%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value B Growth D Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 32% (79 out of 250)

Industry: Oil and Gas - Exploration and Production - United States

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Balance Sheet

Research for GRNT

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Granite Ridge Resources, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 61 51 0 1 -99,999
Receivables 73 72 0 0 NA
Notes Receivable 0 0 0 0 NA
Inventories 0 0 0 0 NA
Other Current Assets 18 23 0 0 NA
Total Current Assets 152 146 0 1 NA
Net Property & Equipment 770 645 0 0 NA
Investments & Advances 0 0 0 0 NA
Other Non-Current Assets 0 0 0 0 NA
Deferred Charges 0 0 0 0 NA
Intangibles 0 0 0 0 NA
Deposits & Other Assets 6 3 414 414 NA
Total Assets 927 795 414 415 NA
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 NA
Accounts Payable 0 0 0 0 NA
Current Portion Long-Term Debt 0 0 0 0 NA
Current Portion Capital Leases 0 0 0 0 NA
Accrued Expenses 61 62 1 0 NA
Income Taxes Payable 0 0 0 0 NA
Other Current Liabilities 1 2 0 0 NA
Total Current Liabilities 62 64 1 0 NA
Mortgages 0 0 0 0 NA
Deferred Taxes/Income 74 92 0 0 NA
Convertible Debt 0 0 0 0 NA
Long-Term Debt 110 0 0 0 NA
Non-Current Capital Leases 0 0 0 0 NA
Other Non-Current Liabilities 9 17 421 410 NA
Minority Interest (Liabilities) 0 0 0 0 NA
Total Liabilities 255 172 423 410 NA
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 NA
Common Stock (Par) 0 0 0 0 NA
Capital Surplus 653 590 0 5 NA
Retained Earnings 55 32 -8 0 NA
Other Equity 0 0 0 0 NA
Treasury Stock 36 0 0 0 NA
Total Shareholder's Equity 672 622 -8 5 NA
Total Liabilities & Shareholder's Equity 927 795 414 415 NA
Total Common Equity 672 622 -8 5 0
Shares Outstanding 133.00 133.30 42.00 42.00 NA
Book Value Per Share 5.05 4.67 -0.20 0.12 0.00

Fiscal Year End for Granite Ridge Resources, Inc falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 79 61 6 14
Receivables NA 65 73 83 56
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 25 18 14 34
Total Current Assets NA 169 152 102 104
Net Property & Equipment NA 793 770 815 766
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 0 0 0 0
Deposits & Other Assets NA 5 6 3 3
Total Assets NA 967 927 921 873
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 0 0 0 0
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 62 61 62 52
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 4 1 8 1
Total Current Liabilities NA 66 62 70 53
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 79 74 109 106
Convertible Debt NA 0 0 0 55
Long-Term Debt NA 138 110 85 0
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 9 7 7
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 293 255 270 221
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 654 653 611 610
Retained Earnings NA 57 55 52 49
Other Equity NA 0 0 0 0
Treasury Stock NA 36 36 13 6
Total Shareholder's Equity NA 674 672 650 652
Total Liabilities & Shareholder's Equity NA 967 927 921 873
Total Common Equity 0 674 672 650 652
Shares Outstanding 130.70 130.40 133.00 134.80 133.00
Book Value Per Share 0.00 5.17 5.05 4.82 4.90