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Director John McCartney of Granite Ridge Resources (NASDAQ:GRNT) recently purchased 4,000 shares of the company’s common stock. The transaction, which occurred on November 17, 2025, involved a purchase at a price of $5.18 per share, totaling $20,720. Following the transaction, McCartney directly owns 95,091 shares of Granite Ridge Resources.The insider purchase comes as the $665 million market cap energy company trades at a P/E ratio of 17.6 and offers an impressive 8.59% dividend yield. InvestingPro analysis indicates the stock is currently trading at Fair Value, with analysts setting price targets between $5 and $9. The company maintains strong liquidity with current assets exceeding short-term obligations. Discover comprehensive insights on GRNT and 1,400+ US stocks through InvestingPro’s detailed Research Reports, transforming complex data into actionable intelligence.
In other recent news, Granite Ridge Resources reported a significant increase in revenue for the third quarter of 2025, reaching $112.7 million, up from $94.1 million the previous year. Despite the revenue growth, the company maintained its quarterly dividend at $0.11 per share and emphasized its enhanced liquidity. However, Granite Ridge Resources faced a downgrade from Freedom Capital Markets, which shifted the stock rating from Buy to Hold and lowered the price target to $7.00 from $7.80. This downgrade was attributed to the company’s continued expansion of oil and natural gas production through asset acquisitions, which has increased its debt burden. These developments reflect investor concerns over future earnings projections despite the company’s financial growth.
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