Granite Ridge Resources, Inc. (GRNT)

Granite Ridge Resources Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Granite Ridge Resources stock have an average target of 7.70, with a low estimate of 7.00 and a high estimate of 8.80. The average target predicts an increase of 37.01% from the current stock price of 5.62.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$7.00	$7.70	$8.00	$8.80
Change	+24.56%	+37.01%	+42.35%	+56.58%

* Price targets were last updated on Mar 7, 2025.

Analyst Ratings

The average analyst rating for Granite Ridge Resources stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	2	2	2	1	1	1
Buy	0	0	0	1	1	1
Hold	2	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mike Scialla Stephens & Co.	Stephens & Co.	Buy Reiterates $8	Buy	Reiterates	$8	+42.35%	Mar 7, 2025
Stephen Richardson Evercore ISI Group	Evercore ISI Group	Hold Maintains $8 → $7	Hold	Maintains	$8 → $7	+24.56%	Sep 30, 2024
Noah Hungness B of A Securities	B of A Securities	Hold Reiterates $7	Hold	Reiterates	$7	+24.56%	Jun 14, 2024
John White Roth MKM	Roth MKM	Strong Buy Initiates $8.8	Strong Buy	Initiates	$8.8	+56.58%	May 15, 2024
Stephen Richardson Evercore ISI Group	Evercore ISI Group	Hold Initiates $8	Hold	Initiates	$8	+42.35%	Apr 29, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

477.74M

Increased by 33.06%

from 359.03M

Revenue Next Year

526.32M

Increased by 10.17%

from 477.74M

EPS This Year

0.76

Increased by 442.97%

from 0.14

EPS Next Year

0.68

Decreased by -11.13%

from 0.76

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	81.10M	273.09M	470.52M	369.17M	359.03M	477.74M	526.32M	527.85M
Revenue Growth	-	236.74%	72.29%	-21.54%	-2.75%	33.06%	10.17%	0.29%
EPS	-0.18	0.82	1.97	0.61	0.14	0.76	0.68	0.62
EPS Growth	-	-	141.44%	-69.13%	-76.98%	442.97%	-11.13%	-7.90%
Forward PE	-	-	-	-	-	7.39	8.32	9.03
No. Analysts	-	-	-	-	-	8	6	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	509.1M	552.3M	546.0M
Avg	477.7M	526.3M	527.9M
Low	432.2M	495.9M	504.7M

Revenue Growth

Revenue Growth	2025	2026	2027
High	41.8%	15.6%	3.7%
Avg	33.1%	10.2%	0.3%
Low	20.4%	3.8%	-4.1%

EPS Forecast

EPS	2025	2026	2027
High	0.97	0.74	0.64
Avg	0.76	0.68	0.62
Low	0.64	0.59	0.60

EPS Growth

EPS Growth	2025	2026	2027
High	590.0%	-3.3%	-5.2%
Avg	443.0%	-11.1%	-7.9%
Low	355.0%	-21.7%	-11.5%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.