Granite Ridge Resources Stock Buy Hold or Sell Recommendation
| GRNT Stock | USD 6.61 0.09 1.38% |
Given the investment horizon of 90 days and your complete indifference towards market risk, our recommendation regarding Granite Ridge Resources is 'Strong Buy'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Granite Ridge Resources given historical horizon and risk tolerance towards Granite Ridge. When Macroaxis issues a 'buy' or 'sell' recommendation for Granite Ridge Resources, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Granite Ridge Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Granite and provide practical buy, sell, or hold advice based on investors' constraints. Granite Ridge Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Granite |
Execute Granite Ridge Buy or Sell Advice
The Granite recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Granite Ridge Resources. Macroaxis does not own or have any residual interests in Granite Ridge Resources or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Granite Ridge's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Granite Ridge Trading Alerts and Improvement Suggestions
| Granite Ridge Resources currently holds 110 M in liabilities with Debt to Equity (D/E) ratio of 0.0, which may suggest the company is not taking enough advantage from borrowing. Granite Ridge Resources has a current ratio of 0.02, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Granite Ridge's use of debt, we should always consider it together with its cash and equity. | |
| About 52.0% of Granite Ridge shares are held by company insiders | |
| Latest headline from investing.com: Acquisition by Miller Matthew Reade of 20327 shares of Granite Ridge at 6.6 subject to Rule 16b-3 |
Granite Ridge Returns Distribution Density
The distribution of Granite Ridge's historical returns is an attempt to chart the uncertainty of Granite Ridge's future price movements. The chart of the probability distribution of Granite Ridge daily returns describes the distribution of returns around its average expected value. We use Granite Ridge Resources price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Granite Ridge returns is essential to provide solid investment advice for Granite Ridge.
| Mean Return | 0.12 | Value At Risk | -3.47 | Potential Upside | 2.76 | Standard Deviation | 1.89 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Granite Ridge historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Granite Stock Institutional Investors
The Granite Ridge's institutional investors refer to entities that pool money to purchase Granite Ridge's securities or originate loans. These institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds.
| Shares | Dimensional Fund Advisors, Inc. | 2024-09-30 | 1 M | Aqr Capital Management Llc | 2024-06-30 | 936.2 K | Geode Capital Management, Llc | 2024-06-30 | 904.3 K | State Street Corp | 2024-06-30 | 874.7 K | Macquarie Group Ltd | 2024-06-30 | 619.5 K | Northern Trust Corp | 2024-09-30 | 433.1 K | Charles Schwab Investment Management Inc | 2024-09-30 | 424.6 K | Two Sigma Investments Llc | 2024-06-30 | 357.1 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 340.3 K | Hamilton Lane Advisors Llc | 2024-09-30 | 8 M | Utah Retirement Systems | 2024-06-30 | 5.2 M |
Granite Ridge Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Granite Ridge or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Granite Ridge's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Granite stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.0017 | |
β | Beta against Dow Jones | 1.17 | |
σ | Overall volatility | 1.86 | |
Ir | Information ratio | 0.01 |
Granite Ridge Volatility Alert
Granite Ridge Resources has relatively low volatility with skewness of -0.24 and kurtosis of 0.17. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Granite Ridge's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Granite Ridge's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Granite Ridge Fundamentals Vs Peers
Comparing Granite Ridge's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Granite Ridge's direct or indirect competition across all of the common fundamentals between Granite Ridge and the related equities. This way, we can detect undervalued stocks with similar characteristics as Granite Ridge or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Granite Ridge's fundamental indicators could also be used in its relative valuation, which is a method of valuing Granite Ridge by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Granite Ridge to competition |
| Fundamentals | Granite Ridge | Peer Average |
| Return On Equity | 0.0731 | -0.31 |
| Return On Asset | 0.08 | -0.14 |
| Profit Margin | 0.13 % | (1.27) % |
| Operating Margin | 0.41 % | (5.51) % |
| Current Valuation | 1.01 B | 16.62 B |
| Shares Outstanding | 130.74 M | 571.82 M |
| Shares Owned By Insiders | 52.11 % | 10.09 % |
| Shares Owned By Institutions | 33.22 % | 39.21 % |
| Number Of Shares Shorted | 2.58 M | 4.71 M |
| Price To Earning | 459.50 X | 28.72 X |
| Price To Book | 1.31 X | 9.51 X |
| Price To Sales | 2.41 X | 11.42 X |
| Revenue | 394.07 M | 9.43 B |
| Gross Profit | 422.12 M | 27.38 B |
| EBITDA | 271.56 M | 3.9 B |
| Net Income | 81.1 M | 570.98 M |
| Cash And Equivalents | 172.1 K | 2.7 B |
| Total Debt | 110 M | 5.32 B |
| Debt To Equity | 0 % | 48.70 % |
| Current Ratio | 0.02 X | 2.16 X |
| Book Value Per Share | 5.05 X | 1.93 K |
| Cash Flow From Operations | 302.87 M | 971.22 M |
| Short Ratio | 10.30 X | 4.00 X |
| Earnings Per Share | 0.36 X | 3.12 X |
| Target Price | 7.56 | |
| Number Of Employees | 2 | 18.84 K |
| Beta | 0.17 | -0.15 |
| Market Capitalization | 864.22 M | 19.03 B |
| Total Asset | 927.1 M | 29.47 B |
| Retained Earnings | 54.78 M | 9.33 B |
| Working Capital | 89.47 M | 1.48 B |
| Annual Yield | 0.07 % | |
| Net Asset | 927.1 M |
Note: Acquisition by Griffin Perry of 41860 shares of Granite Ridge subject to Rule 16b-3 [view details]
Granite Ridge Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Granite . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Granite Ridge Buy or Sell Advice
When is the right time to buy or sell Granite Ridge Resources? Buying financial instruments such as Granite Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for Granite Stock Analysis
When running Granite Ridge's price analysis, check to measure Granite Ridge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Ridge is operating at the current time. Most of Granite Ridge's value examination focuses on studying past and present price action to predict the probability of Granite Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Ridge's price. Additionally, you may evaluate how the addition of Granite Ridge to your portfolios can decrease your overall portfolio volatility.