Insider Buying: Granite Ridge Resources (NYSE:GRNT) Director Buys 2,000 Shares of Stock

Granite Ridge Resources, Inc. (NYSE:GRNT) Director John Mccartney purchased 2,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of $5.12 per share, with a total value of $10,240.00. Following the transaction, the director owned 131,143 shares of the company’s stock, valued at $671,452.16. This trade represents a 1.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Granite Ridge Resources Trading Up 1.3%

Shares of Granite Ridge Resources stock traded up $0.07 during trading hours on Thursday, reaching $5.14. The stock had a trading volume of 855,185 shares, compared to its average volume of 688,611. The firm has a 50 day simple moving average of $4.87 and a two-hundred day simple moving average of $5.12. The firm has a market capitalization of $675.05 million, a price-to-earnings ratio of 28.53, a P/E/G ratio of 2.46 and a beta of 0.34. The company has a current ratio of 1.25, a quick ratio of 1.41 and a debt-to-equity ratio of 0.61. Granite Ridge Resources, Inc. has a 1 year low of $4.18 and a 1 year high of $6.72.

Granite Ridge Resources (NYSE:GRNT) last issued its earnings results on Thursday, March 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). The firm had revenue of $105.49 million for the quarter, compared to analysts’ expectations of $120.76 million. Granite Ridge Resources had a return on equity of 8.91% and a net margin of 5.41%. As a group, equities research analysts anticipate that Granite Ridge Resources, Inc. will post 0.52 earnings per share for the current year.

Granite Ridge Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 8.6%. The ex-dividend date is Friday, February 27th. Granite Ridge Resources’s payout ratio is currently 244.44%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sfmg LLC increased its stake in Granite Ridge Resources by 28.1% during the 2nd quarter. Sfmg LLC now owns 310,606 shares of the company’s stock worth $1,979,000 after buying an additional 68,112 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in Granite Ridge Resources in the 2nd quarter valued at about $659,000. American Century Companies Inc. boosted its position in Granite Ridge Resources by 4.8% in the 2nd quarter. American Century Companies Inc. now owns 2,358,039 shares of the company’s stock valued at $15,021,000 after buying an additional 108,049 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Granite Ridge Resources during the second quarter valued at about $657,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Granite Ridge Resources during the second quarter worth about $71,000. 31.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a report on Monday. Weiss Ratings upgraded Granite Ridge Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Granite Ridge Resources News Roundup

Here are the key news stories impacting Granite Ridge Resources this week:

• Positive Sentiment: Senior insiders bought shares (CEO Tyler Farquharson purchased 12,500 shares at ~$5.21; CFO Ronald K. Kettler purchased 5,000 shares at ~$5.18; Director Matthew R. Miller purchased 10,000 shares). Insider accumulation signals management confidence and often supports near-term sentiment. CEO Form 4 — Tyler Farquharson CFO Ronald Kyle Kettler Purchase Director Form 4 — Matthew Reade Miller
• Positive Sentiment: Company issued a press release outlining a “disciplined growth path” — management messaging that emphasizes controlled growth and capital allocation can reassure investors focusing on cash flow and returns. Granite Ridge Resources Charts Disciplined Growth Path
• Positive Sentiment: Zacks upgraded GRNT from “strong sell” to “hold” — a modest improvement in sell-side sentiment that may reduce selling pressure. Zacks Upgrade
• Neutral Sentiment: Consensus analyst coverage remains light and centered on Hold ratings (MarketBeat cites two Hold ratings). Limited analyst coverage can mean moves are driven more by news and insiders than fresh sell?side conviction.
• Neutral Sentiment: Institutional ownership is meaningful (~31.6% per recent reporting) but recent institutional trades cited are small dollar amounts — institutional backing exists but the position sizes reported are modest. Institutional and Insider Summary
• Negative Sentiment: Recent quarter missed expectations: EPS $0.01 vs. $0.10 expected and revenue $105.5M vs. $120.8M expected — a material miss that raises near-term execution questions and could weigh on forward estimates.
• Negative Sentiment: The company declared a quarterly dividend ($0.11; ~8.5% yield), but the reported dividend payout ratio (~244%) indicates the dividend may be unsustainably high relative to earnings/cash flow — a runway risk if commodity prices or revenues slip.

Granite Ridge Resources Company Profile

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.