Granite Ridge Resources (NYSE:GRNT) Director Acquires $10,240.00 in Stock

Granite Ridge Resources, Inc. (NYSE:GRNT) Director John Mccartney acquired 2,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were acquired at an average price of $5.12 per share, with a total value of $10,240.00. Following the purchase, the director owned 131,143 shares in the company, valued at $671,452.16. This represents a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Granite Ridge Resources Stock Up 1.3%

GRNT stock traded up $0.07 during midday trading on Thursday, hitting $5.14. 855,185 shares of the company’s stock were exchanged, compared to its average volume of 688,611. The firm has a 50 day moving average price of $4.87 and a 200-day moving average price of $5.12. Granite Ridge Resources, Inc. has a 12-month low of $4.18 and a 12-month high of $6.72. The stock has a market capitalization of $675.05 million, a price-to-earnings ratio of 28.53, a price-to-earnings-growth 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 (NYSE:GRNT) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). The company had revenue of $105.49 million for the quarter, compared to analyst estimates of $120.76 million. Granite Ridge Resources had a return on equity of 8.91% and a net margin of 5.41%. On average, analysts anticipate that Granite Ridge Resources, Inc. will post 0.52 EPS for the current year.

Granite Ridge Resources Dividend Announcement

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

Trending Headlines about Granite Ridge Resources

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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new position in shares of Granite Ridge Resources in the 3rd quarter valued at about $26,000. Osaic Holdings Inc. raised its stake in Granite Ridge Resources by 264.2% during the second quarter. Osaic Holdings Inc. now owns 5,506 shares of the company’s stock worth $35,000 after acquiring an additional 3,994 shares during the period. EverSource Wealth Advisors LLC raised its stake in Granite Ridge Resources by 2,398.3% during the second quarter. EverSource Wealth Advisors LLC now owns 5,721 shares of the company’s stock worth $36,000 after acquiring an additional 5,492 shares during the period. First Horizon Corp bought a new position in Granite Ridge Resources in the fourth quarter worth about $35,000. Finally, Tower Research Capital LLC TRC boosted its stake in Granite Ridge Resources by 103.0% in the second quarter. Tower Research Capital LLC TRC now owns 9,133 shares of the company’s stock valued at $58,000 after acquiring an additional 4,635 shares during the period. 31.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research raised shares of Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a research 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, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

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.