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Granite Ridge Resources

GRNTNYSE
Logo brought to you by Benzinga Data
$6.35
0.162.58%
Pre-Market: 4:02 AM EDT
Consensus Rating1
Buy
Highest Price Target1
$9.00
Lowest Price Target1
$7.00
Consensus Price Target1
$7.95

Granite Ridge Resources (NYSE:GRNT) Stock, Analyst Ratings, Price Targets, Forecasts

Granite Ridge Resources Inc has a consensus price target of $7.95 based on the ratings of 5 analysts. The high is $9 issued by B of A Securities on November 7, 2023. The low is $7 issued by Evercore ISI Group on September 30, 2024. The 3 most-recent analyst ratings were released by Evercore ISI Group, B of A Securities, and Roth MKM on September 30, 2024, June 14, 2024, and May 15, 2024, respectively. With an average price target of $7.6 between Evercore ISI Group, B of A Securities, and Roth MKM, there's an implied 19.69% upside for Granite Ridge Resources Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
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0
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0
Sep
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
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2.8
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Evercore ISI Group
B of A Securities
Roth MKM
B of A Securities

1calculated from analyst ratings

Analyst Ratings for Granite Ridge Resources

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Granite Ridge Resources (GRNT) stock?

A

The latest price target for Granite Ridge Resources (NYSE:GRNT) was reported by Evercore ISI Group on September 30, 2024. The analyst firm set a price target for $7.00 expecting GRNT to rise to within 12 months (a possible 10.24% upside). 4 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Granite Ridge Resources (GRNT)?

A

The latest analyst rating for Granite Ridge Resources (NYSE:GRNT) was provided by Evercore ISI Group, and Granite Ridge Resources maintained their in-line rating.

Q

When was the last upgrade for Granite Ridge Resources (GRNT)?

A

There is no last upgrade for Granite Ridge Resources

Q

When was the last downgrade for Granite Ridge Resources (GRNT)?

A

There is no last downgrade for Granite Ridge Resources.

Q

When is the next analyst rating going to be posted or updated for Granite Ridge Resources (GRNT)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Granite Ridge Resources, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Granite Ridge Resources was filed on September 30, 2024 so you should expect the next rating to be made available sometime around September 30, 2025.

Q

Is the Analyst Rating Granite Ridge Resources (GRNT) correct?

A

While ratings are subjective and will change, the latest Granite Ridge Resources (GRNT) rating was a maintained with a price target of $8.00 to $7.00. The current price Granite Ridge Resources (GRNT) is trading at is $6.35, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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