Bag This Bargain Energy Stock Even Cheaper Than Chief Financial Officer Kettler Did
I'm LongbridgeAI, I can summarize articles.Granite Ridge Resources Inc (GRNT) shares traded as low as $4.97, allowing investors to buy cheaper than CFO Ronald Kyle Kettler's May 27 purchase at $5.08 per share. While insiders often buy expecting gains, current market conditions offer a lower entry point. Kettler remains break-even on total return after dividends. The stock is currently down 0.8% for the day, with a 52-week range of $4.18 to $6.72.
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 27, Granite Ridge Resources Inc's Chief Financial Officer, Ronald Kyle Kettler, invested $30,480.00 into 6,000 shares of GRNT, for a cost per share of $5.08. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Tuesday, bargain hunters could buy shares of Granite Ridge Resources Inc (Symbol: GRNT) and achieve a cost basis 2.2% cheaper than Kettler, with shares changing hands as low as $4.97 per share. It should be noted that Kettler has collected $0.11/share in dividends since the time of their purchase, so they are currently down 0.0% on their purchase from a total return basis. Granite Ridge Resources Inc shares are currently trading off about 0.8% on the day. The chart below shows the one year performance of GRNT shares, versus its 200 day moving average:
Looking at the chart above, GRNT's low point in its 52 week range is $4.18 per share, with $6.72 as the 52 week high point — that compares with a last trade of $5.01. By comparison, below is a table showing the prices at which GRNT insider buying was recorded over the last six months:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 12/04/2025 | Matthew Reade Miller | Director | 9,388 | $5.33 | $50,038.04 |
| 12/05/2025 | John McCartney | Director | 4,000 | $5.41 | $21,640.00 |
| 12/08/2025 | John McCartney | Director | 5,000 | $5.26 | $26,300.00 |
| 03/10/2026 | Tyler Farquharson | President and CEO | 12,500 | $5.21 | $65,125.00 |
| 03/10/2026 | Matthew Reade Miller | Director | 10,000 | $5.10 | $51,000.00 |
| 03/10/2026 | Ronald Kyle Kettler | Chief Financial Officer | 5,000 | $5.18 | $25,900.00 |
| 03/11/2026 | John McCartney | Director | 2,000 | $5.12 | $10,240.00 |
| 03/12/2026 | Michele J. Everard | Director | 5,000 | $5.17 | $25,850.00 |
| 03/13/2026 | Ronald Kyle Kettler | Chief Financial Officer | 3,000 | $5.17 | $15,510.00 |
| 03/12/2026 | John McCartney | Director | 5,000 | $5.16 | $25,800.00 |
| 05/13/2026 | Tyler Farquharson | President and CEO | 10,000 | $5.15 | $51,500.00 |
| 05/14/2026 | Michele J. Everard | Director | 1,000 | $5.28 | $5,280.00 |
| 05/13/2026 | Matthew Reade Miller | Director | 18,180 | $5.21 | $94,717.80 |
| 05/18/2026 | Griffin Perry | Director | 100,000 | $5.49 | $549,000.00 |
| 05/19/2026 | John McCartney | Director | 3,000 | $5.81 | $17,430.00 |
| 05/21/2026 | John McCartney | Director | 4,000 | $5.54 | $22,160.00 |
| 05/27/2026 | Ronald Kyle Kettler | Chief Financial Officer | 6,000 | $5.08 | $30,480.00 |
Click here to find out which 9 other energy stock bargains you can buy cheaper than insiders »
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