5 Best All-Time Low Stocks to Buy Now

​3. Granite Ridge Resources, Inc. (NYSE:GRNT)

Price: $4.30

All-Time Low: $4.30

Upside: 62.79%

Number of Hedge Fund Holders: 19

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. The EPS of $0.02 also fell short of the expected $0.12.

​Management noted that daily production during the quarter grew 18% year-over-year to 34,467 Boe per day. However, the lease operating expense also increased 55% per unit to $9.57 per Boe due to higher saltwater disposal and workover costs. Looking ahead, management expects higher production volumes in the second half of 2026, specifically for oil, following the closing of 17 acquisitions across the Delaware and Utica Basins.

Granite Ridge Resources, Inc. (NYSE:GRNT) works as a non-operated U.S. oil and gas company. The company is changing strategy to put more capital into operated partnerships where it holds a majority interest, giving Granite better control over development and revenue. This hybrid approach allows the company to maintain capital discipline while pursuing high-return projects.