Granite Ridge Resources Stock Beta
| GRNT Stock | USD 6.61 0.09 1.38% |
Granite Ridge Resources fundamentals help investors to digest information that contributes to Granite Ridge's financial success or failures. It also enables traders to predict the movement of Granite Stock. The fundamental analysis module provides a way to measure Granite Ridge's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Granite Ridge stock.
Granite | Beta |
Granite Ridge Resources Company Beta Analysis
Granite Ridge's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Granite Ridge Beta | 0.17 |
Most of Granite Ridge's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Granite Ridge Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Granite Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Granite Ridge is extremely important. It helps to project a fair market value of Granite Stock properly, considering its historical fundamentals such as Beta. Since Granite Ridge's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Granite Ridge's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Granite Ridge's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Granite Ridge Resources has a Beta of 0.165. This is 79.88% lower than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The beta for all United States stocks is notably lower than that of the firm.
Granite Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Granite Ridge's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Granite Ridge could also be used in its relative valuation, which is a method of valuing Granite Ridge by comparing valuation metrics of similar companies.Granite Ridge is currently under evaluation in beta category among its peers.
Granite Ridge ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Granite Ridge's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Granite Ridge's managers, analysts, and investors.Environmental | Governance | Social |
Granite Ridge Institutional Holders
Institutional Holdings refers to the ownership stake in Granite Ridge that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Granite Ridge's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Granite Ridge's value.| 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 |
As returns on the market increase, Granite Ridge's returns are expected to increase less than the market. However, during the bear market, the loss of holding Granite Ridge is expected to be smaller as well.
Granite Fundamentals
| Return On Equity | 0.0731 | ||||
| Return On Asset | 0.08 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.41 % | ||||
| Current Valuation | 1.01 B | ||||
| Shares Outstanding | 130.74 M | ||||
| Shares Owned By Insiders | 52.11 % | ||||
| Shares Owned By Institutions | 33.22 % | ||||
| Number Of Shares Shorted | 2.58 M | ||||
| Price To Earning | 459.50 X | ||||
| Price To Book | 1.31 X | ||||
| Price To Sales | 2.41 X | ||||
| Revenue | 394.07 M | ||||
| Gross Profit | 422.12 M | ||||
| EBITDA | 271.56 M | ||||
| Net Income | 81.1 M | ||||
| Cash And Equivalents | 172.1 K | ||||
| Total Debt | 110 M | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 0.02 X | ||||
| Book Value Per Share | 5.05 X | ||||
| Cash Flow From Operations | 302.87 M | ||||
| Short Ratio | 10.30 X | ||||
| Earnings Per Share | 0.36 X | ||||
| Target Price | 7.56 | ||||
| Beta | 0.17 | ||||
| Market Capitalization | 864.22 M | ||||
| Total Asset | 927.1 M | ||||
| Retained Earnings | 54.78 M | ||||
| Working Capital | 89.47 M | ||||
| Annual Yield | 0.07 % | ||||
| Net Asset | 927.1 M | ||||
| Last Dividend Paid | 0.44 |
About Granite Ridge Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Granite Ridge Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Granite Ridge using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Granite Ridge Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis 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.