How to Buy Granite Ridge Resources Stock
Granite Ridge Resources Inc
Executive Network Partnering Corporation intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar partnering transaction with one or more businesses.
Granite Ridge Resources stock last closed at $4.69, down 6.2% from the previous day, and has decreased 30.31% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.32 percentage points. Granite Ridge Resources stock is currently +3.76% from its 52-week low of $4.52, and -33.94% from its 52-week high of $7.10.
At the moment, there are 130.81M GRNT shares outstanding. The market value of GRNT is $613.51M. In the past 24 hours, 479,285 GRNT shares were traded.
How to Buy Granite Ridge Resources Stock
Not sure how to invest in Granite Ridge Resources stock? Here's how.
- Decide where to buy Granite Ridge Resources stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Granite Ridge Resources stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your method of payment and add your info.
- Research Granite Ridge Resources stock: The Granite Ridge Resources ticker symbol is GRNT. Is Granite Ridge Resources stock a good investment? Should you buy shares of GRNT? How do GRNT's underlying business fundamentals look? Do top analysts think Granite Ridge Resources is a good buy? Why has GRNT's stock price moved recently? (Hint: Our stock analysis website can help you understand if GRNT is a good stock to buy).
- Execute your GRNT buy order: Decide if you will purchase GRNT shares at the current market price or use a limit order to buy GRNT stock at a given price.
- Keep tabs on your GRNT position: Create a watchlist to watch your investment in Granite Ridge Resources stock.
Step 1: Decide where to buy Granite Ridge Resources stock
You will need an online brokerage account to access the NYSE market and buy GRNT stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal info so you are able to buy GRNT today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new brokerage account.
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Step 3: Fund your investment account
Now that you've filled out your info on one of the most highly reviewed stock market apps, you can securely and quickly fund your account:
Check out the walkthrough below if you need help depositing money into your brokerage account.
Step 4: Research Granite Ridge Resources stock
Once you have figured out the best place to buy Granite Ridge Resources stock, it's crucial to research their stock prior to buying, so you truly wrap your head around the risk as well as the upside.
Granite Ridge Resources quick stats
GRNT Due Diligence Score
WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on GRNT's stock page.
Is GRNT stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge GRNT's fair value.
Using relative valuations methods:
- GRNT may be overvalued based on its P/E ratio of 33.5x, relative to Oil & Gas E&P industry P/E ratio of 18.2x
- GRNT may be undervalued based on its P/B ratio of 0.97x, relative to Oil & Gas E&P industry P/B ratio of 1.43x
- GRNT could be undervalued based on its PEG ratio of 0.1x
You can access more valuation analysis on GRNT's stock here.
Is GRNT a healthy company?
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the GRNT balance sheet.
Negative Health Checks:
- GRNT profit margin has gone down from 20.6% to 4.9% in the past year.
- GRNT has cash burn of 57265000. It does not have enough cash and short-term investments to cover this.
- There are more long-term liabilities than short-term assets on the GRNT balance sheet.
- GRNT has $41.20M in cash and short term investments. This is not enough to cover its annual cash burn of $57.27M.
- GRNT has a relatively high debt to equity ratio of 0.63.
Is GRNT stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 sell side analysts who track GRNT, the consensus analyst rating on Granite Ridge Resources is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Granite Ridge Resources stock forecast page.
GRNT Momentum
Is GRNT Making Money?
Last year, GRNT earnings were $18.76M. In the past 3 year, GRNT's earnings have increased by -93.95% per year. This was slower than the Oil & Gas E&P industry average of 20.21%.
Last year, GRNT revenue was $380.03M. Over the last five year, GRNT's revenue has grown by 95.11% per year. This was faster than the Oil & Gas E&P industry average of 13.19%.
Dive into GRNT's earnings and revenue performance here.
Who is buying/selling GRNT?
In the past 12 months, executives and large shareholders at GRNT have bought more shares than they have sold.
Matthew Reade Miller, Director of GRNT, was the latest GRNT insider to buy. They bought $3,242.74 worth of GRNT stock on Mar 14, 2025.
Get more info about who owns GRNT stock here.
Can I get consistent income from GRNT stock?
Granite Ridge Resources pays a dividend of 4.69%, compared to the Oil & Gas E&P industry's average dividend yield of 4.64%. If you owned $1,000 of GRNT stock, you would have been paid $46.91 in the past year.
Find more info about Granite Ridge Resources dividend yield and history here.
What others are saying about GRNT
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Step 5: Execute your GRNT buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount limit, use a limit order.
Click the Open Trade button and your broker will execute your order.
If you require additional info about investing in stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your GRNT position
Now that you own some GRNT shares, you'll want to stay up-to-date on your new company.
Create a watchlist to get notified of important updates regarding your GRNT stock.
GRNT Feed
How to Buy Stock in Granite Ridge Resources
To reiterate, here are the 6 steps to buy stock in Granite Ridge Resources:
- Decide where to buy Granite Ridge Resources stock
- Sign up for your brokerage account
- Fund your investment account
- Research Granite Ridge Resources stock
- Execute your GRNT buy order
- Keep tabs on your GRNT position
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get updates on your investment in Granite Ridge Resources, click below.
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