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GRNT

Granite Ridge ResourcesD
NYSE / Energy
Last Price
At close
2026-06-02
View Chart
Current thesis
The constructive read is that Granite Ridge kept the dividend intact, posted double-digit production growth, maintained manageable leverage at 1.3x net debt to trailing-twelve-month Adjusted EBITDAX, and still has $314.8 million of liquidity; if investors gain confidence in the 2026 production and capex plan, the stock could move back toward the thinly covered target range around the packet median of $6.86.
Posture
Defensive
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta +14.6.
What can break
Lease operating expense rose to $9.57 per Boe in Q1 2026, up 55% on a per-unit basis, with management citing higher saltwater disposal costs, flowback operations, rentals, contract labor, and minimum volume commitment delinquencies.
Momentum
20
Value
58
Sentiment
67
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $6.10 · Bull $7.00 · Bear $4.70
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-02 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-09 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade D · Defensive
Confidence Medium · Net Neutral
Target $6.86
Why
Momentum20 · Δ7d -11.6
Value58 · Δ7d +0.1
Sentiment67 · Δ7d +14.6
So what
Weak posture (Net Neutral). Prioritize risk control and patience.
Lead driver: Sentiment · See AI snapshot
Momentum
20
34% active weight
Current posture
7d trendSoftening
Δ7d
-11.6
Δ21d
-13.4
Value
58
32% active weight
Current posture
7d trendFlat
Δ7d
+0.1
Δ21d
+0.1
Sentiment
67
33% active weight
Current posture
7d trendImproving
Δ7d
+14.6
Δ21d
+13.4
Why this grade

Composite grade D. Momentum 20.1 / Value 58.3 / Sentiment 66.8

Fundamentals (TTM)
As of 2026-06-02
Market Cap
$660.8M
Beta
0.31
Shares Out
131.25M
P/E (TTM)
15.6
P/S (TTM)
1.30
P/FCF (TTM) · Derived
-4.40
Rev YoY
+19.8%
EPS YoY
+60.1%
Gross Margin
+93.7%
Op Margin
+16.8%
Net Debt
$163.26M
Current Ratio
1.41
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology