Although Granite Ridge Resources, Inc. (NYSE:GRNT) has declined only slightly by 2.68% over the past month, it is trading close to its all-time lows.
However, analysts’ 12-month average price target suggests more than 62% upside from the current level, making Granite Ridge Resources, Inc. (NYSE:GRNT) one of the Best All-Time Low Stocks to Buy Now
Recently, on July 8, Northland initiated coverage on the stock with a price target of $9 and an Outperform rating. The firm noted the shares to be attractively priced with a 9.9% dividend yield, leverage of roughly 1.5 times, and a valuation of 2.3 times EV/EBITDA. Northland also pointed to Granite Ridge’s expected shift to positive free cash flow in 2027.
It sees this as a significant catalyst that could re-rate the stock higher. The slight decline in share price is due to the continued negative momentum after the company missed fiscal Q1 2026 earnings estimates. Granite Ridge posted a revenue of $128.26 million during the quarter, which came in short of the expected $130.8 million.