Head-To-Head Analysis: Granite Ridge Resources (NYSE:GRNT) vs. EQT (NYSE:EQT)

Granite Ridge Resources (NYSE:GRNTGet Free Report) and EQT (NYSE:EQTGet Free Report) are both oils/energy companies, but which is the superior business? We will compare the two companies based on the strength of their earnings, dividends, risk, institutional ownership, valuation, profitability and analyst recommendations.

Earnings & Valuation

This table compares Granite Ridge Resources and EQT”s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Granite Ridge Resources $394.07 million 2.06 $81.10 million $0.36 17.26
EQT $6.91 billion 4.50 $1.74 billion $0.84 62.09

EQT has higher revenue and earnings than Granite Ridge Resources. Granite Ridge Resources is trading at a lower price-to-earnings ratio than EQT, indicating that it is currently the more affordable of the two stocks.

Dividends

Granite Ridge Resources pays an annual dividend of $0.44 per share and has a dividend yield of 7.1%. EQT pays an annual dividend of $0.63 per share and has a dividend yield of 1.2%. Granite Ridge Resources pays out 122.2% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. EQT pays out 75.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Profitability

This table compares Granite Ridge Resources and EQT’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Granite Ridge Resources 12.59% 11.58% 7.89%
EQT 5.52% 3.74% 2.12%

Institutional and Insider Ownership

31.6% of Granite Ridge Resources shares are owned by institutional investors. Comparatively, 90.8% of EQT shares are owned by institutional investors. 1.9% of Granite Ridge Resources shares are owned by company insiders. Comparatively, 0.6% of EQT shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Risk and Volatility

Granite Ridge Resources has a beta of 0.22, suggesting that its share price is 78% less volatile than the S&P 500. Comparatively, EQT has a beta of 1.08, suggesting that its share price is 8% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent ratings and price targets for Granite Ridge Resources and EQT, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Granite Ridge Resources 0 2 1 1 2.75
EQT 0 7 11 0 2.61

Granite Ridge Resources presently has a consensus price target of $7.60, suggesting a potential upside of 22.28%. EQT has a consensus price target of $49.94, suggesting a potential downside of 4.23%. Given Granite Ridge Resources’ stronger consensus rating and higher probable upside, equities analysts plainly believe Granite Ridge Resources is more favorable than EQT.

Summary

EQT beats Granite Ridge Resources on 9 of the 17 factors compared between the two stocks.

About Granite Ridge Resources

(Get Free Report)

Granite Ridge Resources, Inc. operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc. is based in Dallas, Texas.

About EQT

(Get Free Report)

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services. The company was formerly known as Equitable Resources Inc. and changed its name to EQT Corporation in February 2009. EQT Corporation was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania.

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