Is Granite Ridge Resources stock a buy?
What Is The Conclusion?
Right now our advanced algorithms say:
Do the analyst corps agree?
Interesting Questions and Easy Answers!
Yes, Granite Ridge Resources pays dividends. Last time was Monday 16th of December 2024 where the investors holding the stock on Friday 29th of November 2024 were paid $0.11 per share. Over the last 9 times between 2022 and 2024, Granite Ridge Resources has paid $0.96 with an average of $0.11 per share.
Sorry, we do not have any analyst data for this ticker
We cannot find data for Granite Ridge Resources 10 years ago, but if you had invested on Friday 6th of November 2020 when the price was $9.93, you would have made a loss of $-3.41 per share or -34.34%
Yes, the average daily trading liquidity for Granite Ridge Resources is $415 231 thousand. You should therefore be able to get in and out of your positions relatively fast.
Granite Ridge Resources has a normal ratio of the business financed by loans. This puts the company at some risk in periods of high inflation where borrowing costs usually go up. With a high cash flow to debt ratio of 2.21, the company's ability to pay off the debt is good. Granite Ridge Resources has a good net profit margin of 12.59% and should have high tolerances against inflation.
We have calculated the inflation risk for Granite Ridge Resources to be low [0.25 of 1]
US inflation for August 2024 was 0.19%. Over the last 12 months, the US inflation is 2.59%. The 10-year treasury yield that indicates the future interest level is currently 4.41 and is up 0.05 over the last 30 days.