Granite Ridge Resources (NYSE:GRNT) Director Matthew Reade Miller Acquires 10,000 Shares

Posted by Francis Steltz on Sep 15th, 2026

Granite Ridge Resources, Inc. (NYSE:GRNT – Get Free Report) Director Matthew Miller purchased 10,000 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was bought at an average cost of $5.03 per share, for a total transaction of $50,300.00. Following the completion of the transaction, the director owned 1,974,292 shares in the company, valued at approximately $9,930,688.76. This represents a 0.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Granite Ridge Resources Stock Performance

Granite Ridge Resources stock opened at $5.12 on Tuesday. Granite Ridge Resources, Inc. has a twelve month low of $4.18 and a twelve month high of $6.14. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $675.99 million, a P/E ratio of -24.40 and a beta of 0.21. The stock’s 50 day moving average is $4.89 and its 200 day moving average is $5.11.

Granite Ridge Resources (NYSE:GRNT – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Granite Ridge Resources had a positive return on equity of 4.67% and a negative net margin of 5.56%.The business had revenue of $149.27 million during the quarter, compared to analysts’ expectations of $139.44 million. On average, equities research analysts predict that Granite Ridge Resources, Inc. will post 0.43 earnings per share for the current fiscal year.

Granite Ridge Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Friday, August 28th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend was Friday, August 28th. Granite Ridge Resources’s payout ratio is currently -209.52%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GRNT shares. Zacks Research upgraded shares of Granite Ridge Resources from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Granite Ridge Resources in a research report on Wednesday, August 19th. Northland Securities assumed coverage on shares of Granite Ridge Resources in a report on Wednesday, July 8th. They issued an “outperform” rating and a $9.00 price objective for the company. Freedom Capital raised Granite Ridge Resources from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Finally, Wall Street Zen upgraded Granite Ridge Resources from a “sell” rating to a “buy” rating in a research note on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Get Our Latest Research Report on Granite Ridge Resources

Institutional Investors Weigh In On Granite Ridge Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRNT. BlackRock Inc. bought a new position in shares of Granite Ridge Resources during the 2nd quarter valued at $21,910,000. Dimensional Fund Advisors LP grew its holdings in shares of Granite Ridge Resources by 15.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,306,999 shares of the company’s stock worth $19,414,000 after acquiring an additional 448,066 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Granite Ridge Resources in the first quarter worth $6,624,000. Algert Global LLC purchased a new stake in Granite Ridge Resources during the second quarter valued at $1,719,000. Finally, Bank of New York Mellon Corp bought a new position in Granite Ridge Resources in the second quarter valued at about $4,162,000. Hedge funds and other institutional investors own 31.56% of the company’s stock.

About Granite Ridge Resources

(Get Free Report)

Granite Ridge Resources, Inc (NYSE:GRNT) is an independent oil and natural gas exploration and production company focused primarily on non-operated assets. Rather than serving as the primary operator of most properties, the company invests alongside established exploration and production companies and participates in the development of unconventional wells.

The company’s portfolio includes interests in producing properties, undeveloped acreage and mineral assets across several major U.S.