Freedom Capital Downgrades Granite Ridge (GRNT) to Hold, Cuts PT to $7

Granite Ridge Resources, Inc. (NYSE:GRNT) is one of the inexpensive lipid stocks nether $10 to bargain now. With 2 Hold ratings and nary Buys oregon Sells, Granite Ridge Resources, Inc. (NYSE:GRNT) carries a statement Hold and an mean people of $5.75, astir 6% supra the existent $5.42.

On November 13, Freedom Capital Markets shifted its standing connected Granite Ridge Resources, Inc. from Buy to Hold. The steadfast besides chopped its terms people connected the shares from $7.80 to $7.00, citing the indebtedness load that Granite Ridge has accumulated arsenic a effect of relentless accumulation enlargement via plus acquisition.

Even with the downgrade and people cut, Freedom Capital values Granite Ridge’s “controlling non-op” exemplary that lets it usher drilling plans with apical partners similar ExxonMobil. This model, noted the analysts, blends power and low-risk backing for dependable returns. They besides highlighted the company’s blimpish leverage astatine 50% pre-debt spike, beardown profitability with 8.38% nett margins implicit the past year, and inventory beingness implicit 10 years successful high-return basins.

A week earlier, connected November 6, the institution had reported its Q3 2025 results, wherever revenues climbed to $112.7 million, up astir 20% compared to Q3 2024. The jump, absorption said, was propelled by a 27% year-over-year surge successful mean regular accumulation to 32,100 barrels of lipid equivalent per time (boepd). This surge was chiefly from Permian Basin contributions wherever lipid accounted for 77% of output. As a result, the institution declared a quarterly currency dividend of $0.11 per share, payable successful December 2025.

Granite Ridge Resources, Inc. (NYSE:GRNT) is an autarkic lipid and earthy state company. It develops and operates accumulation assets crossed aggregate US basins. The company’s main products are crude lipid and earthy gas, generated done strategical partnerships with starring operators crossed these basins.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.