Granite Ridge Resources (Granite Ridge Resources) Momentum Rank : 0 (As of May. 28, 2024)

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What is Granite Ridge Resources Momentum Rank?

Granite Ridge Resources has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Granite Ridge Resources (Granite Ridge Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Granite Ridge Resources Inc (NYSE:GRNT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

Y60:Germany

Address

5217 McKinney Avenue, Suite 400, Dallas, TX, USA, 75205

Website

https://www.graniteridge.com

Granite Ridge Resources Inc is a scaled, non-operated oil and gas exploration and production company. It invests in a diversified portfolio of production and top-tier acreage across the Permian and other prolific US basins in partnership with proven operators.

Executives

Matthew Reade Miller	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Griffin Perry	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Thaddeus Darden	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
John Mccartney	director	US ROBOTICS INC, 8100 MCCORMICK BLVD, SKOKIE IL 60076
Tyler Farquharson	officer: Chief Financial Officer	12377 MERIT DRIVE, SUITE 1700, LB 82, DALLAS TX 75251
Kirk Lazarine	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Gp Iii, Llc	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Luke C Brandenberg	officer: President and CEO	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Michele J Everard	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Zoran Durkovic	officer: Chief Accounting Officer	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Gp Ii, Llc	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Amanda N. Coussens	director	C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Grey Rock Energy Fund Ii-b, Lp	10 percent owner	2911 TURTLE CREEK BLVD, SUITE 1150, DALLAS TX 75219
Grey Rock Energy Partners Gp Ii, L.p.	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Holdco Iii-b Holdings, Llc	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205