{"id":760137,"date":"2023-05-23T17:03:39","date_gmt":"2023-05-23T21:03:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-ridge-resources-inc-set-to-join-russell-3000-index\/"},"modified":"2023-05-23T17:03:39","modified_gmt":"2023-05-23T21:03:39","slug":"granite-ridge-resources-inc-set-to-join-russell-3000-index","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-ridge-resources-inc-set-to-join-russell-3000-index\/","title":{"rendered":"Granite Ridge Resources, Inc. Set to Join Russell 3000\u00ae Index"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Granite Ridge Resources, Inc. Set to Join Russell 3000<sup>\u00ae<\/sup> Index<\/b><\/p>\n<p>DALLAS&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nGranite Ridge Resources, Inc. (\u201cGranite Ridge\u201d or the \u201cCompany\u201d) (NYSE: GRNT) today announced that it is set to join the broad-market Russell 3000<sup>\u00ae<\/sup> Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19.<\/p>\n<p>\nAnnual Russell indexes reconstitution captures the 4,000 largest US stocks as of April 28, ranking them by total market capitalization. Membership in the US all-cap Russell 3000\u00ae Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000<sup>\u00ae<\/sup> Index or small-cap Russell 2000<sup>\u00ae<\/sup> Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.<\/p>\n<p>\nRussell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell\u2019s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.<\/p>\n<p>\nFor more information on the Russell 3000<sup>\u00ae<\/sup> Index and the Russell indexes reconstitution, go to the \u201cRussell Reconstitution\u201d section on the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ftserussell.com%2Fresources%2Frussell-reconstitution&amp;esheet=53405819&amp;newsitemid=20230523006063&amp;lan=en-US&amp;anchor=FTSE+Russell+website&amp;index=1&amp;md5=5541e0a733f8453cc7604014c0f8d7c7\">FTSE Russell website<\/a>.<\/p>\n<p><b>About Granite Ridge<\/b><\/p>\n<p>\nGranite Ridge Resources, Inc. (NYSE: GRNT) is a scaled, non-operated oil &amp; gas exploration and production company. We own a portfolio of wells and top-tier acreage across the Permian and four other prolific unconventional basins across the United States. Rather than drill wells ourselves, we increase asset diversity and decrease overhead by investing in a smaller piece of a larger number of high-graded wells drilled by proven public and private operators. We create value by generating sustainable full-cycle risk adjusted returns for investors, offering a rewarding experience for Granite Ridge\u2019s team, and delivering reliable energy solutions to all \u2013 safely and responsibly. For more information, visit Granite Ridge\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.GraniteRidge.com&amp;esheet=53405819&amp;newsitemid=20230523006063&amp;lan=en-US&amp;anchor=www.GraniteRidge.com&amp;index=2&amp;md5=f36705a9e1b63530a7c858e490c5ec5d\">www.GraniteRidge.com<\/a>.<\/p>\n<p><b>About FTSE Russell<\/b><\/p>\n<p>\nFTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.<\/p>\n<p>\nFTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20.1 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.<\/p>\n<p>\nA core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.<\/p>\n<p>\nFTSE Russell is wholly owned by London Stock Exchange Group.<\/p>\n<p>\nFor more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ftserussell.com&amp;esheet=53405819&amp;newsitemid=20230523006063&amp;lan=en-US&amp;anchor=www.ftserussell.com&amp;index=3&amp;md5=653d02b618a95525db99491f53852a3c\">www.ftserussell.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230523006063r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230523006063\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230523006063\/en\/<\/a><\/span><\/p>\n<p>\nInvestor and Media Contact: <a rel=\"nofollow\" href=\"mailto:IR@GraniteRidge.com\">IR@GraniteRidge.com<\/a> \u2013 (214) 396-2850<\/p>\n<p><b>KEYWORDS:<\/b> Texas United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Oil\/Gas Natural Resources Energy Other Natural Resources Mining\/Minerals<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230523006063\/en\/1666508\/3\/GR-LOGO-FOR-GREY-BG.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Granite Ridge Resources, Inc. Set to Join Russell 3000\u00ae Index DALLAS&#8211;(BUSINESS WIRE)&#8211; Granite Ridge Resources, Inc. (\u201cGranite Ridge\u201d or the \u201cCompany\u201d) (NYSE: GRNT) today announced that it is set to join the broad-market Russell 3000\u00ae Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of April 28, ranking them by total market capitalization. Membership in the US all-cap Russell 3000\u00ae Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000\u00ae Index or small-cap Russell 2000\u00ae Index as well as the appropriate growth &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-ridge-resources-inc-set-to-join-russell-3000-index\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Granite Ridge Resources, Inc. Set to Join Russell 3000\u00ae Index&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-760137","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Granite Ridge Resources, Inc. Set to Join Russell 3000\u00ae Index - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-ridge-resources-inc-set-to-join-russell-3000-index\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Granite Ridge Resources, Inc. Set to Join Russell 3000\u00ae Index - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Granite Ridge Resources, Inc. Set to Join Russell 3000\u00ae Index DALLAS&#8211;(BUSINESS WIRE)&#8211; Granite Ridge Resources, Inc. (\u201cGranite Ridge\u201d or the \u201cCompany\u201d) (NYSE: GRNT) today announced that it is set to join the broad-market Russell 3000\u00ae Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of April 28, ranking them by total market capitalization. Membership in the US all-cap Russell 3000\u00ae Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000\u00ae Index or small-cap Russell 2000\u00ae Index as well as the appropriate growth &hellip; Continue reading &quot;Granite Ridge Resources, Inc. 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