GRNT trades 107.9% below Wall Street's consensus target of $11.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes GRNT achieves its forward estimates and maintains a stable P/E multiple of 10.8x. This scenario reflects the blended consensus of 3 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, Granite Ridge Resources, Inc (GRNT) has a Wall Street consensus price target of $11.00, based on estimates from 3 covering analysts. With the stock currently trading at $5.29, this represents a potential upside of +107.9%. The company has a market capitalization of $698M.
Analyst price targets range from a low of $11.00 to a high of $11.00, representing a 0% spread in expectations. The median target of $11.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 1 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 0 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, GRNT trades at a trailing P/E of -13.3x and forward P/E of 10.8x. Analysts expect EPS to grow +332.4% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $8.16, with bear and bull scenarios of $5.14 and $10.76 respectively. Model confidence stands at 33/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 BATLBattalion Oil Corporation | $17M | $0.75 | — | — | Buy | 3.3x | 2 |
 TPVGTriplePoint Venture Growth BDC Corp. | $177M | $4.37 | $5.00 | +14.4% | Hold | 5.1x | 12 |
 DMLPDorchester Minerals, L.P. | $1.3B | $27.53 | — | — | — | — | — |
 BSMBlack Stone Minerals, L.P. | $3.0B | $13.98 | $16.00 | +14.4% | Buy | 13.9x | 16 |
 VNOMViper Energy, Inc. | $14.6B | $40.62 | $53.60 | +32.0% | Buy | 13.9x | 42 |
 TPLTexas Pacific Land Corporation | $18.8B | $272.36 | $639.00 | +134.6% | Buy | 29.5x | 5 |
 HALHalliburton Company | $26.6B | $31.84 | $43.10 | +35.4% | Buy | 13.7x | 64 |
 SLBSlb N.V. | $74.6B | $49.92 | $64.00 | +28.2% | Buy | 20.5x | 66 |
 NOVNOV Inc. | $6.3B | $17.56 | $21.80 | +24.1% | Hold | 18.6x | 58 |
 PUMPProPetro Holding Corp. | $784M | $6.39 | $15.33 | +139.9% | Buy | 378.1x | 32 |
Quick answers to the most common questions about buying GRNT stock.
The consensus Wall Street price target for GRNT is $11, representing 107.9% upside from the current price of $5.29. With 3 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
GRNT has a consensus rating of "Hold" based on 3 Wall Street analysts. The rating breakdown is mixed, with 2 Hold ratings making up the largest segment. The consensus 12-month price target of $11 implies 107.9% upside from current levels.
With a forward P/E of 10.7959x, GRNT trades at a relatively low valuation. The consensus target of $11 implies 107.9% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $11 for GRNT, while the most conservative target is $11. The consensus of $11 represents the median expectation. Our quantitative valuation model projects a bull case target of $11 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
GRNT is lightly followed, with 3 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 1 have Buy ratings, 2 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month GRNT stock forecast based on 3 Wall Street analysts shows a consensus price target of $11, with estimates ranging from $11 (bear case) to $11 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $8, with bear/bull scenarios of $5/$11.
Our quantitative valuation model calculates GRNT's fair value at $8 (base case), with a bear case of $5 and bull case of $11. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 33/100.
GRNT trades at a forward P/E ratio of 10.8x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on GRNT, with a "Hold" consensus rating and $11 price target (107.9% upside). 1 of 3 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
GRNT analyst price targets range from $11 to $11, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $11 consensus represents the middle ground. Our model's $5-$11 range provides an independent fundamental perspective.
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