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↑Improving
- Momentum Gate Failure→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Jul 5, 2026, based on the 10-K filed Mar 6, 2026
Granite Ridge Resources, Inc. (GRNT) Stock Analysis
Inst Constrain edge
Energy · Oil & Gas E&P
Wait for pullback to $5.50. Weak momentum; also recent C-suite change — blocks BUY_NOW at $5.73. Engine's entry $5.50 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1); Overbought (RSI 78).
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
Wait for pullback to $5.50. Weak momentum; also recent C-suite change — blocks BUY_NOW at $5.73. Engine's entry $5.50 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1); Overbought (RSI 78). Chart setup: No clear chart pattern; technical signals are mixed. Earnings in 3 days. Wait until post-earnings. Score 6.2/10, moderate confidence.
Passes 5/8 gates (favorable risk/reward ratio, clean insider activity, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and earnings proximity 3d<=7d. 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.
Show full overview
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 2026-11-02Recent Developments — Granite Ridge Resources, Inc.
Latest news
- NEWS Granite Ridge Resources, Inc. (GRNT) Earnings Expected to Grow: Should You Buy? - Yahoo Finance — Yahoo Finance positive
- NEWS GRNT Q3'26 Earnings: revenue estimate is 153.04M USD - TradingView — TradingView neutral
- NEWS Granite Ridge Resources (GRNT) Expected to Announce Quarterly Earnings on Thursday - MarketBeat — MarketBeat neutral
- NEWS Granite Ridge Resources, Inc. (NYSE:GRNT) Stock Has Consensus Target Price of $11.00 - MarketBeat — MarketBeat neutral
- NEWS Granite Ridge Resources Share News - Latest Updates, Live News & More - scanx.trade — scanx.trade neutral
Generated 2026-11-02T11:38:32Z.
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. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
2 floor-breakers·1 ceiling hit
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.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
Wait for pullback to $5.50. Weak momentum; also recent C-suite change — blocks BUY_NOW at $5.73. Engine's entry $5.50 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1); Overbought (RSI 78). Chart setup: No clear chart pattern; technical signals are mixed. Earnings in 3 days. Wait until post-earnings. Target $7.44 (+29.8%), stop $5.12 (−11.9%), A.R:R 2.0:1. Score 6.2/10, moderate confidence.
Take-profit target: $7.44 (+29.8% upside). Target $7.44 (+29.8%), stop $5.12 (−11.9%), A.R:R 2.0:1. Stop-loss: $5.12.
V7 low-quality RISK_OFF penalty: -0.5 (Q=4.1); Overbought (RSI 78).
Granite Ridge Resources, Inc. trades at a P/E of N/A (forward 5.7). TrendMatrix value score: 9.5/10. Verdict: Buy (Wait for Entry).
12 analysts cover GRNT with a consensus score of 4.0/5. Average price target: $9.
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.