Tyler Farquharson Buys 12,500 Shares of Granite Ridge Resources (NYSE:GRNT) Stock

Granite Ridge Resources, Inc. (NYSE:GRNT) CEO Tyler Farquharson purchased 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average cost of $5.21 per share, with a total value of $65,125.00. Following the completion of the transaction, the chief executive officer directly owned 334,743 shares of the company’s stock, valued at $1,744,011.03. The trade was a 3.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Granite Ridge Resources Price Performance

Shares of NYSE GRNT opened at $5.14 on Friday. The company’s fifty day moving average is $4.88 and its two-hundred day moving average is $5.12. Granite Ridge Resources, Inc. has a one year low of $4.18 and a one year high of $6.72. The firm has a market capitalization of $675.05 million, a P/E ratio of 28.53, a PEG ratio of 3.19 and a beta of 0.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.41 and a current ratio of 1.25.

Granite Ridge Resources (NYSE:GRNT) last issued its quarterly 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 business had revenue of $105.49 million during 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%. Analysts forecast 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. Stockholders of record on Friday, February 27th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend 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 is currently 244.44%.

Analysts Set New Price Targets

GRNT has been the subject of a number of research analyst reports. Weiss Ratings raised Granite Ridge Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Zacks Research raised Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a research note on Monday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Key Stories Impacting Granite Ridge Resources

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

• Positive Sentiment: Significant insider buying: CEO Tyler Farquharson, CFO Ronald Kettler and multiple directors added shares in early March, increasing their holdings and signaling management confidence in the company. Insider buying roundup
• Positive Sentiment: Brokerage upgrades: Zacks upgraded GRNT from “strong sell” to “hold” and Weiss Ratings moved the stock to a hold — these shifts can support sentiment among retail and some institutional investors. Zacks upgrade
• Positive Sentiment: Positive press/strategy framing: Coverage highlights Granite Ridge’s “disciplined growth path,” reinforcing the narrative of measured expansion in Permian and other basins. Globe and Mail piece
• Neutral Sentiment: Dividend announced: Quarterly dividend of $0.11 (annualized yield ~8.5%) may attract income investors but comes with a very high payout ratio (~244%), raising sustainability questions. MarketBeat dividend report
• Neutral Sentiment: Institutional flow: Small institutional purchases and modest shifts in holdings noted — not yet large enough to indicate a major change in ownership dynamics. MarketBeat institutional trading
• Negative Sentiment: Quarterly results missed expectations: GRNT reported $0.01 EPS (vs. $0.10 consensus) and revenue of $105.5M vs. $120.8M expected — a near-term operational negative that could pressure fundamentals if trends persist. Earnings miss detail

Institutional Trading of Granite Ridge Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Great Lakes Advisors LLC acquired a new position in Granite Ridge Resources during the 1st quarter worth about $113,000. Jane Street Group LLC acquired a new position in shares of Granite Ridge Resources in the 1st quarter worth approximately $131,000. Savant Capital LLC acquired a new stake in shares of Granite Ridge Resources in the second quarter valued at approximately $126,000. Campbell & CO Investment Adviser LLC acquired a new stake in Granite Ridge Resources in the second quarter valued at $659,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Granite Ridge Resources in the second quarter valued at $71,000. 31.56% of the stock is currently owned by institutional investors and hedge funds.

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.