With 0.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.42 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $6.72 whereas the lowest price it dropped to was $6.51. The 52-week range on GRNT shows that it touched its highest point at $7.10 and its lowest point at $5.20 during that stretch. It currently has a 1-year price target of $7.63. With its current market cap of 864.22 million, GRNT has annualized dividend of $0.44 while the current yield stands at 6.66%. Beta for the stock currently stands at 0.19.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GRNT was down-trending over the past week, with a drop of -0.30%, but this was up by 11.66% over a month. Three-month performance surged to 1.69% while six-month performance rose 1.07%. The stock gained 5.59% in the past year, while it has gained 9.80% so far this year. A look at the trailing 12-month EPS for GRNT yields 0.37 with Next year EPS estimates of 0.64. For the next quarter, that number is 0.14. This implies an EPS growth rate of -36.61% for this year and 26.48% for next year.
Float and Shares Shorts:
At present, 130.36 million GRNT shares are outstanding with a float of 52.47 million shares on hand for trading. On 2024-10-31, short shares totaled 2.58 million, which was 198.00000000000003 higher than short shares on 1727654400. In addition to Mr. Luke C. Brandenberg as the firm’s President & CEO, Mr. Tyler S. Farquharson serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.33222 of GRNT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, GRNT reported revenue of $94075000.0 and operating income of $24682000.0. The EBITDA in the recently reported quarter was $68832000.0 and diluted EPS was $0.07.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With GRNT analysts setting a high price target of 8.8 and a low target of 7.0, the average target price over the next 12 months is 7.56. Based on these targets, GRNT could surge 33.13% to reach the target high and rise by 5.9% to reach the target low. Reaching the average price target will result in a growth of 14.37% from current levels.
Analysts have provided yearly estimates in a range of $0.52706 being high and $0.48083 being low. For GRNT, this leads to a yearly average estimate of $0.50857. The surprise factor in the prior quarter was $0.14. Based on analyst estimates, the high estimate for the next quarter is $0.19 and the low estimate is $0.1. The average estimate for the next quarter is thus $0.16.
