Granite Ridge Resources, Inc

Granite Ridge Resources, Incverified

GRNT

Price:

$6.12

Market Cap:

$800.15M

Granite Ridge Resources, Inc. manages private funds with interests in areas of the Midland, Delaware, Bakken, Eagle Ford, DJ, and Haynesville play. It invests in oil and gas exploration and production. The company is based in Dallas, Texas.[Read more]

Industry

Shell Companies

IPO Date

2020-11-06

Stock Exchange

NYSE

Ticker

GRNT

The PE Ratio as of October 2024 (TTM) for Granite Ridge Resources, Inc (GRNT) is 13.91

According to Granite Ridge Resources, Inc’s latest financial reports and current stock price. The company's current PE Ratio is 13.91. This represents a change of -27.14% compared to the average of 19.09 of the last 4 quarters.

Granite Ridge Resources, Inc (GRNT) Historical PE Ratio (quarterly & annually)

How has GRNT PE Ratio performed in the past?

The mean historical PE Ratio of Granite Ridge Resources, Inc over the last ten years is 141.44. The current 13.91 PE Ratio has changed 883.43% with respect to the historical average. Over the past ten years (40 quarters), GRNT's PE Ratio was at its highest in in the December 2021 quarter at 533.80. The PE Ratio was at its lowest in in the March 2022 quarter at -788.24.

Quarterly (TTM)
Annual

Average

141.44

Median

9.88

Minimum

-17.24

Maximum

363.66

Granite Ridge Resources, Inc (GRNT) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Granite Ridge Resources, Inc PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 115.93%

Maximum Annual PE Ratio = 363.66

Minimum Annual Increase = -2108.96%

Minimum Annual PE Ratio = -17.24

Quarterly (TTM)
Annual
YearPE RatioChange
20239.88115.93%
20224.58-98.68%
2021346.34-2108.96%
2020-17.24-104.74%

Granite Ridge Resources, Inc (GRNT) Average PE Ratio

How has GRNT PE Ratio performed in the past?

The current PE Ratio of Granite Ridge Resources, Inc (GRNT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

120.26

5-year avg

141.44

10-year avg

141.44

Granite Ridge Resources, Inc (GRNT) PE Ratio vs. Peers

How is GRNT’s PE Ratio compared to its peers?

Granite Ridge Resources, Inc’s PE Ratio is less than Epsilon Energy Ltd. (24.82), greater than SilverBow Resources, Inc. (4.99), greater than Gulfport Energy Corporation (3.04), greater than North European Oil Royalty Trust (10.66), greater than Earthstone Energy, Inc. (4.95), less than PHX Minerals Inc. (30.56), less than California Resources Corporation (21.73), less than Mexco Energy Corporation (22.53), greater than XXL Energy Corp. (-0.00), greater than Coastal Caribbean Oils & Minerals, Ltd. (-0.00), less than Evolution Petroleum Corporation (43.57), greater than GeoPark Limited (3.85), greater than PrimeEnergy Resources Corporation (6.20), less than Crescent Energy Company (87.86),

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