Trump meets Zelenskiy, says Putin wants war to end, mulls trilateral talks
Director John McCartney of Granite Ridge Resources, Inc. (NYSE:GRNT), a $698 million market cap energy company, purchased 3,000 shares of common stock on August 13, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The company, which offers an attractive 8.3% dividend yield, has seen its shares gain over 9% in the past week. InvestingPro analysis suggests the stock is currently undervalued.
The shares were bought at a price of $5.41, totaling $16,230. Following the transaction, McCartney directly owns 72,117 shares of Granite Ridge Resources. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access the detailed Pro Research Report, which covers what really matters about GRNT and 1,400+ other top stocks.
In other recent news, Granite Ridge Resources Inc reported a robust performance in its Q2 2025 earnings call. The company experienced a 20% year-over-year increase in total oil and gas sales revenue, alongside a significant rise in production levels. These results led Granite Ridge to raise its full-year production guidance, indicating strong operational momentum. While the company’s stock rose following these announcements, it is the earnings and production figures that are of particular interest to investors. The increase in revenue and production highlights Granite Ridge’s capability to capitalize on market opportunities. Additionally, the company’s decision to adjust its production guidance suggests a positive outlook for future performance. These developments underscore the company’s strategic positioning in the energy sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.