Granite Ridge Resources shows a split picture: quality and momentum both sit below the engine's minimum floors and the company has missed earnings in each of the last 4 quarters, but a strong Piotroski F-Score, a highly favorable modeled asymmetry, and active insider buying complicate the case for an outright exit.
Thesis pillars
- Quality Below Floor Despite Piotroski→Stable
- Persistent Earnings Misses→Stable
- Momentum Gate Failure→Stable
- +2 more pillars — see the Why tab for full reasoning
Granite Ridge Resources, Inc. (GRNT) Stock Analysis
Range Bound setup · Inst Constrain edge
Energy · Oil & Gas E&P
Sell if holding. Engine safety override at $4.64: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10 and A.R:R 4.8:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality; Below long-term trend.
Granite Ridge Resources holds non-operated and operated-partnership working interests in oil and gas properties across six U.S. basins - Permian, Eagle Ford, Bakken, Haynesville, DJ, and Appalachian - with 62,347 MBoe of proved reserves as of December 31, 2025. The company earns... Read more
Sell if holding. Engine safety override at $4.64: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10 and A.R:R 4.8:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality; Below long-term trend. Chart setup: RSI 48 mid-range, Bollinger mid-band. Score 5.7/10, moderate confidence.
Passes 7/8 gates (positive momentum, favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 30d clear, semi cycle peak clear, materials cycle peak clear). Suitability: aggressive.
About Granite Ridge Resources, Inc.
About Granite Ridge Resources, Inc.
Granite Ridge Resources produced an average 31,984 barrels of oil equivalent per day during 2025 across six U.S. basins, backed by 62,347 thousand barrels of proved reserves, of which 67% sat in the Permian Basin as of December 31, 2025. The Permian, Eagle Ford, Bakken, Haynesville, DJ, and Appalachian basins together held 60,038 net acres, with the Permian alone contributing 20,307 Boe per day.
Granite Ridge does not operate wells itself; instead it participates through operated partnerships, where it funds development and retains control over acquisition costs, drilling schedules, and well design in exchange for a fee to the third-party operator, and traditional non-operated assets, where it takes a proportionate working interest alongside operators that propose and drill wells. Revenue depends on third-party operating partners marketing oil at spot prices and natural gas under short-term index-based contracts; in 2025, Operator D accounted for 26% of revenue attributable to the company's assets, up from 14% in 2024, while Operator C contributed 11%. The company competes against other exploration and production firms for acquisition targets, some with materially greater financial resources. A syndicate of lenders led by Bank of America, N.A. holds a first-priority mortgage and security interest across substantially all assets under the company's credit agreement.
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Approximately 24% of proved reserves were classified as undeveloped as of December 31, 2025, and the company recorded property writedowns in each of 2023, 2024, and 2025 under the successful-efforts accounting method, meaning further price declines could trigger additional write-downs on the undeveloped inventory that underpins future production growth. Compounding this, Granite Ridge's credit risk on oil and gas receivables is concentrated with a limited number of operating partners who market production on its behalf, so financial strain at a top operator such as Operator D, which represented 26% of attributable revenue in 2025, could delay both cash collection and near-term drilling activity simultaneously.
See also: Energy · Oil & Gas E&P
From Granite Ridge Resources, Inc.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-07-08Recent Developments — Granite Ridge Resources, Inc.
Latest news
- NEWS Northland Capital Markets Initiates Coverage On Granite Ridge Resources with Outperform Rating, Announces Price Target o — benzinga Jul 8, 2026 positive
Generated 2026-07-08T21:03:53Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMcounterpartyOperator D26%10-K Item 1: 'Operator D| 26 | %| | 14 | %| | *'
Material Events(8-K, last 90d)
- 2026-05-22Item 5.02LOWAt the 2026 Annual Meeting, stockholders approved the First Amendment to the 2022 Omnibus Incentive Plan, increasing authorized shares by 2,500,000 and extending the plan term to October 24, 2034. Routine board/shareholder-approved compensation plan amendment, not a departure.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
4 floor-breakers·1 ceiling hit
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Cyclical trough — margins compressed or negative. Profitability typically recovers with the cycle, but floor fires on current data.static
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $4.64: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10 and A.R:R 4.8:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality; Below long-term trend. Chart setup: RSI 48 mid-range, Bollinger mid-band. Prior stop was $4.32. Score 5.7/10, moderate confidence.
Take-profit target: $6.38 (+37.5% upside). Prior stop was $4.32. Stop-loss: $4.32.
Quality below floor (3.3 < 4.0).
Granite Ridge Resources, Inc. trades at a P/E of N/A (forward 6.0). TrendMatrix value score: 9.6/10. Verdict: Sell.
11 analysts cover GRNT with a consensus score of 3.9/5. Average price target: $8.
What does Granite Ridge Resources, Inc. do?Granite Ridge Resources holds non-operated and operated-partnership working interests in oil and gas properties across...
Granite Ridge Resources holds non-operated and operated-partnership working interests in oil and gas properties across six U.S. basins - Permian, Eagle Ford, Bakken, Haynesville, DJ, and Appalachian - with 62,347 MBoe of proved reserves as of December 31, 2025. The company earns revenue from its share of oil and natural gas production, averaging 31,984 Boe per day, which third-party operating partners drill, develop, and market on its behalf, with one operator accounting for 26% of attributable revenue in 2025.