Wade Caston - Granite Ridge Assistant Controller

GRNT Stock  USD 6.67  0.11  1.62%   

Insider

Wade Caston is Assistant Controller of Granite Ridge Resources
Address 5217 McKinney Avenue, Dallas, TX, United States, 75205
Phone214 396 2850
Webhttps://www.graniteridge.com

Granite Ridge Management Efficiency

The company has return on total asset (ROA) of 0.08 % which means that it generated a profit of $0.08 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0731 %, meaning that it created $0.0731 on every $100 dollars invested by stockholders. Granite Ridge's management efficiency ratios could be used to measure how well Granite Ridge manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to 0.09 in 2024. Return On Capital Employed is likely to gain to 0.14 in 2024. At this time, Granite Ridge's Non Current Liabilities Total is comparatively stable compared to the past year. Change To Liabilities is likely to gain to about 11.9 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 36.8 M in 2024.
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.

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Granite Ridge Resources, Inc. manages private funds with interests in areas of the Midland, Delaware, Bakken, Eagle Ford, DJ, and Haynesville play. Granite Ridge operates under Shell Companies classification in the United States and is traded on New York Stock Exchange. Granite Ridge Resources (GRNT) is traded on New York Stock Exchange in USA. It is located in 5217 McKinney Avenue, Dallas, TX, United States, 75205 and employs 2 people. Granite Ridge is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

Granite Ridge Resources Leadership Team

Elected by the shareholders, the Granite Ridge's board of directors comprises two types of representatives: Granite Ridge inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Granite. The board's role is to monitor Granite Ridge's management team and ensure that shareholders' interests are well served. Granite Ridge's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Granite Ridge's outside directors are responsible for providing unbiased perspectives on the board's policies.
Matthew CFA, CoFounder CoChairman
Emily Fuquay, Corporate Secretary
Wade Caston, Assistant Controller
Witt Meloni, Assistant Controller
Griffin Perry, CoFounder CoChairman
Luke Brandenberg, President CEO
Kimberly Weimer, Chief Officer
Michael Ott, Vice Relations
Adam Griffin, Partner Land
Kirk Lazarine, MD CoFounder
Tyler Farquharson, Chief Officer
Suhrid Mantravadi, Partner

Granite Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Granite Ridge a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Thematic Opportunities

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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.