Granite Ridge Resources (NYSE:GRNT) Director Michele Everard Buys 5,000 Shares

Granite Ridge Resources, Inc. (NYSE:GRNT) Director Michele Everard acquired 5,000 shares of the stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of $5.17 per share, for a total transaction of $25,850.00. Following the acquisition, the director directly owned 71,143 shares in the company, valued at $367,809.31. This represents a 7.56% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Granite Ridge Resources Stock Performance

Shares of GRNT stock traded up $0.07 during trading hours on Thursday, reaching $5.14. 855,185 shares of the company’s stock were exchanged, compared to its average volume of 688,611. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.25 and a quick ratio of 1.41. The company’s 50 day moving average is $4.87 and its two-hundred day moving average is $5.12. The company has a market cap of $675.05 million, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 2.46 and a beta of 0.34. 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 posted 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 business had revenue of $105.49 million during the quarter, compared to analysts’ expectations of $120.76 million. Granite Ridge Resources had a net margin of 5.41% and a return on equity of 8.91%. Equities research analysts anticipate that Granite Ridge Resources, Inc. will post 0.52 EPS for the current fiscal year.

Granite Ridge Resources Announces Dividend

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

Hedge Funds Weigh In On Granite Ridge Resources

A number of institutional investors have recently made changes to their positions in GRNT. Bank of America Corp DE boosted its stake in shares of Granite Ridge Resources by 5,859.1% during the second quarter. Bank of America Corp DE now owns 4,525,525 shares of the company’s stock valued at $28,828,000 after acquiring an additional 4,449,582 shares during the last quarter. Zazove Associates LLC acquired a new stake in shares of Granite Ridge Resources during the 4th quarter worth about $3,210,000. Goldman Sachs Group Inc. grew its holdings in shares of Granite Ridge Resources by 115.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 827,654 shares of the company’s stock worth $3,890,000 after buying an additional 442,900 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Granite Ridge Resources in the fourth quarter valued at approximately $1,495,000. Finally, American Century Companies Inc. lifted its stake in shares of Granite Ridge Resources by 12.9% during the third quarter. American Century Companies Inc. now owns 2,661,098 shares of the company’s stock valued at $14,397,000 after buying an additional 303,059 shares during the period. 31.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings raised Granite Ridge Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Zacks Research raised Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a report on Monday. Two 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”.

Key Headlines Impacting 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.

About Granite Ridge Resources

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.