Granite Ridge Resources, Inc

Granite Ridge Resources, Incverified

GRNT

Price:

$6.22

Market Cap:

$813.23M

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 ROE as of October 2024 (TTM) for Granite Ridge Resources, Inc (GRNT) is 8.54%

According to Granite Ridge Resources, Inc’s latest financial reports and current stock price. The company's current ROE is 8.54%. This represents a change of 299.71% compared to the average of 2.14% of the last 4 quarters.

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

How has GRNT ROE performed in the past?

The mean historical ROE of Granite Ridge Resources, Inc over the last ten years is 0.35%. The current 8.54% ROE has changed 2.32% with respect to the historical average. Over the past ten years (40 quarters), GRNT's ROE was at its highest in in the September 2022 quarter at 17.72%. The ROE was at its lowest in in the March 2022 quarter at -2.74%.

Quarterly (TTM)
Annual

Average

0.35%

Median

12.07%

Minimum

-77.60%

Maximum

42.15%

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

Discovering the peaks and valleys of Granite Ridge Resources, Inc ROE, 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 = 67.64%

Maximum Annual ROE = 42.15%

Minimum Annual Increase = -Infinity%

Minimum Annual ROE = -77.60%

Quarterly (TTM)
Annual
YearROEChange
202312.07%-71.35%
202242.15%67.64%
202125.14%-132.40%
2020-77.60%-Infinity%

Granite Ridge Resources, Inc (GRNT) Average ROE

How has GRNT ROE performed in the past?

The current ROE 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

26.46%

5-year avg

0.35%

10-year avg

0.35%

Granite Ridge Resources, Inc (GRNT) ROE vs. Peers

How is GRNT’s ROE compared to its peers?

Granite Ridge Resources, Inc’s ROE is less than Epsilon Energy Ltd. (5.31%), less than SilverBow Resources, Inc. (17.54%), less than Gulfport Energy Corporation (40.80%), less than North European Oil Royalty Trust (560.82%), less than Earthstone Energy, Inc. (26.29%), less than PHX Minerals Inc. (3.59%), less than California Resources Corporation (7.80%), less than Mexco Energy Corporation (6.70%), less than XXL Energy Corp. (14.01%), less than Coastal Caribbean Oils & Minerals, Ltd. (3.39%), less than Evolution Petroleum Corporation (4.77%), less than GeoPark Limited (60.75%), less than PrimeEnergy Resources Corporation (28.34%), less than Crescent Energy Company (0.87%),

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