Granite Ridge Resources Director McCartney John Buys 974 Shares at $5.3/Share

Granite Ridge Resources, Inc. (GRNT) has announced that Director John McCartney has acquired 974 shares at a price of $5.3 per share on August 21, 2025.

Granite Ridge Resources, Inc. (GRNT) has reported that Director John McCartney has acquired an additional 974 shares of the company's common stock. The purchase was made on August 21, 2025, at a price of $5.3 per share. This transaction follows several recent purchases by McCartney, who has been actively increasing his stake in the company.

McCartney's latest acquisition brings his total ownership to approximately 82,117 shares, representing a significant increase in his position within the company. This move comes amidst a period of increased institutional investment in Granite Ridge Resources, with several large investors, including Bank of America Corp DE and Hamilton Lane Advisors LLC, recently boosting their stakes in the company.

The company's recent quarterly earnings report showed a slight miss in earnings per share (EPS) compared to analysts' expectations, with an EPS of $0.11 versus a consensus estimate of $0.13. Despite this, Granite Ridge Resources announced a quarterly dividend of $0.11 per share, payable on September 15, 2025, reflecting an annualized yield of 8.3%.

Analysts have mixed opinions on the stock, with one analyst maintaining a "buy" rating while two have assigned a "hold" rating. The stock is currently trading at around $5.7350, with a market capitalization of approximately $693.66 million. The company's financial health is supported by a quick ratio of 1.32, a current ratio of 1.32, and a debt-to-equity ratio of 0.43.

Granite Ridge Resources operates as a non-operated oil and gas exploration and production company, with a focus on the Permian and other unconventional basins in the United States. The company is based in Dallas, Texas.

References:
[1] https://www.tradingview.com/news/tradingview:2b0098599cba4:0-granite-ridge-resources-director-buys-5-000-shares/
[2] https://www.marketbeat.com/instant-alerts/granite-ridge-resources-inc-nysegrnt-director-john-mccartney-purchases-5000-shares-2025-08-18/