Granite Ridge Resources (NYSE:GRNT) Director Buys $21,640.00 in Stock

December 9, 2025 by InsiderTrades.com

Key Points

Director John McCartney bought 4,000 shares on Dec. 5 at an average price of $5.41 (total $21,640), bringing his stake to 108,117 shares; he purchased a total of 17,026 shares across Nov.–Dec., signaling ongoing insider accumulation.
Granite Ridge declared a quarterly dividend of $0.11 (annualized $0.44) for an 8.5% yield157.14%.
The stock carries a consensus "Hold" rating from analysts with an average target price of $8.00, and trades with a market cap of about $676.6M and a P/E of 18.41.

Granite Ridge Resources, Inc. (NYSE:GRNT - Get Free Report) Director John Mccartney bought 4,000 shares of Granite Ridge Resources stock in a transaction dated Friday, December 5th. The stock was purchased at an average price of $5.41 per share, with a total value of $21,640.00. Following the purchase, the director owned 108,117 shares in the company, valued at approximately $584,912.97. This represents a 3.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

John Mccartney also recently made the following trade(s):

On Monday, December 1st, John Mccartney bought 1,026 shares of Granite Ridge Resources stock. The shares were acquired at an average cost of $5.23 per share, with a total value of $5,365.98.
On Monday, November 17th, John Mccartney acquired 4,000 shares of Granite Ridge Resources stock. The stock was acquired at an average price of $5.18 per share, with a total value of $20,720.00.
On Thursday, November 13th, John Mccartney acquired 4,000 shares of Granite Ridge Resources stock. The shares were purchased at an average cost of $5.17 per share, with a total value of $20,680.00.
On Tuesday, November 11th, John Mccartney purchased 4,000 shares of Granite Ridge Resources stock. The shares were acquired at an average price of $5.26 per share, with a total value of $21,040.00.

Granite Ridge Resources Stock Performance

Shares of NYSE GRNT opened at $5.16 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.47. The stock's 50-day moving average is $5.26 and its 200 day moving average is $5.50. The stock has a market cap of $676.59 million, a price-to-earnings ratio of 18.41, a P/E/G ratio of 2.16 and a beta of 0.34. Granite Ridge Resources, Inc. has a 1-year low of $4.52 and a 1-year high of $7.00.

Granite Ridge Resources (NYSE:GRNT - Get Free Report) last issued its earnings results on Monday, September 11th. The company reported $0.61 EPS for the quarter. The company had revenue of $150.27 million for the quarter. Granite Ridge Resources had a net margin of 8.38% and a return on equity of 12.12%. On average, sell-side analysts anticipate that Granite Ridge Resources, Inc. will post 0.52 EPS for the current fiscal year.

Granite Ridge Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Friday, November 28th. Granite Ridge Resources's dividend payout ratio (DPR) is currently 157.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Granite Ridge Resources in a research note on Friday, October 31st. Zacks Research cut shares of Granite Ridge Resources from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $8.00.

Get Our Latest Report on Granite Ridge Resources

Institutional Trading of Granite Ridge Resources

Institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd increased its position in shares of Granite Ridge Resources by 6.0% in the 2nd quarter. XTX Topco Ltd now owns 36,850 shares of the company's stock valued at $235,000 after acquiring an additional 2,095 shares during the period. Invesco Ltd. grew its position in shares of Granite Ridge Resources by 3.1% during the 1st quarter. Invesco Ltd. now owns 78,212 shares of the company's stock valued at $476,000 after acquiring an additional 2,344 shares during the period. Sherbrooke Park Advisers LLC lifted its holdings in Granite Ridge Resources by 12.9% during the third quarter. Sherbrooke Park Advisers LLC now owns 20,573 shares of the company's stock valued at $111,000 after purchasing an additional 2,357 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Granite Ridge Resources by 13.3% in the second quarter. The Manufacturers Life Insurance Company now owns 23,883 shares of the company's stock valued at $152,000 after acquiring an additional 2,798 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in shares of Granite Ridge Resources by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 122,994 shares of the company's stock worth $783,000 after buying an additional 2,950 shares in the last quarter. 31.56% of the stock is currently owned by institutional investors and hedge funds.

Granite Ridge Resources Company Profile

(Get Free Report)

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.