<div id="readability-page-1"><p>Granite Ridge Resources, Inc. (NYSE:GRNT - Get Free Report) Director Kirk Lazarine acquired 10,000 shares of the business's stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average cost of $4.97 per share, with a total value of $49,700.00. Following the acquisition, the director directly owned 1,051,997 shares of the company's stock, valued at $5,228,425.09. This trade represents a 0.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.</p><h2>Granite Ridge Resources Price Performance</h2><p>NYSE GRNT traded up $0.11 during trading hours on Friday, reaching $5.08. The company's stock had a trading volume of 209,541 shares, compared to its average volume of 534,981. Granite Ridge Resources, Inc. has a 1-year low of $4.52 and a 1-year high of $7.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 1.41. The company's 50-day moving average is $5.34 and its two-hundred day moving average is $5.51. The firm has a market capitalization of $666.09 million, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.93 and a beta of 0.34. </p><p>Granite Ridge Resources (NYSE:GRNT - Get Free Report) last announced its earnings results on Monday, September 11th. The company reported $0.61 earnings per share (EPS) for the quarter. Granite Ridge Resources had a net margin of 8.38% and a return on equity of 12.12%. The business had revenue of $150.27 million for the quarter.  On average, equities analysts predict that  Granite Ridge Resources, Inc. will post 0.52 EPS for the current year. </p><h2>Granite Ridge Resources Announces Dividend</h2><p>The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a $0.11 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.44 annualized dividend and a dividend yield of 8.7%. Granite Ridge Resources's dividend payout ratio  is currently 157.14%. </p><h2>Analysts Set New Price Targets</h2><p>A number of equities research analysts have commented on the company. Zacks Research cut Granite Ridge Resources from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a report on Wednesday, October 22nd. Weiss Ratings  reissued a &#34;hold (c-)&#34; rating on shares of Granite Ridge Resources in a research note on Friday, October 31st. One analyst  has rated the stock with a Buy rating, two have assigned  a Hold rating and one  has given a Sell rating to the company. According to data from MarketBeat, Granite Ridge Resources currently has an average rating of &#34;Hold&#34; and an average target price of $8.00.</p><p><b>Check Out Our Latest Stock Analysis on GRNT</b></p><h2>Institutional Trading of Granite Ridge Resources</h2><p>A number of institutional investors and hedge funds have recently made changes to their positions in GRNT. Bank of America Corp DE boosted its holdings in  Granite Ridge Resources by 5,859.1% in 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.  Vanguard Group Inc. lifted its stake in shares of  Granite Ridge Resources by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,472,643 shares of the company's stock valued at $24,197,000 after purchasing an additional 282,132 shares in the last quarter.  American Century Companies Inc. grew its holdings in shares of  Granite Ridge Resources by 12.9% during the 3rd quarter. American Century Companies Inc. now owns 2,661,098 shares of the company's stock worth $14,397,000 after purchasing an additional 303,059 shares during the period.  Dimensional Fund Advisors LP increased its position in  Granite Ridge Resources by 11.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,582,366 shares of the company's stock worth $13,972,000 after purchasing an additional 265,080 shares in the last quarter.  Finally, Geode Capital Management LLC raised its holdings in  Granite Ridge Resources by 2.0% in the second quarter. Geode Capital Management LLC now owns 1,297,868 shares of the company's stock valued at $8,269,000 after buying an additional 25,846 shares during the period. 31.56% of the stock is currently owned by institutional investors and hedge funds. </p><h2>About Granite Ridge Resources</h2> (Get Free Report)<p>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. </p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Granite Ridge Resources</li><li>What Investors Need to Know About Upcoming IPOs</li><li>4 High-Risk Growth Stocks Under $15 to Watch This Fall</li><li>Most Volatile Stocks, What Investors Need to Know</li><li>Walmart Stock Surges After a Solid Q3—Stronger Growth Ahead</li><li>2 Fintech Stocks to Buy Now and 1 to Avoid</li><li>Microsoft’s AI Superfactory Could Power a Stock Rally</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdSTlQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdSTlQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Granite Ridge Resources Right Now?</h2><p>Before you consider Granite Ridge Resources, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Granite Ridge Resources wasn't on the list.</p><p>While Granite Ridge Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

GRNT

<p>Kirk Lazarine, Director of Granite Ridge Resources, purchased 10,000 shares of the company's stock at $4.97 per share, totaling $49,700. This acquisition increased his ownership by 0.96%, now holding 1,051,997 shares valued at $5,228,425.09. The transaction was disclosed in an SEC filing. Granite Ridge's stock traded up $0.11 to $5.08, with a market cap of $666.09 million. The company announced a $0.11 quarterly dividend, yielding 8.7%. Analysts have mixed ratings, with an average target price of $8.00.</p>

Kirk Lazarine Purchases 10,000 Shares of Granite Ridge Resources (NYSE:GRNT) Stock