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Director Kirk Lazarine of Granite Ridge Resources, Inc. (NASDAQ:GRNT) has purchased 10,000 shares of the company’s common stock on November 21, 2025, according to a Form 4 filing with the Securities and Exchange Commission.
The purchases, were executed in two transactions with prices ranging from $4.95 to $5.0 per share, totaling $49750. Following the transactions, Lazarine directly owns 1,051,997 shares of Granite Ridge Resources.
In other recent news, Granite Ridge Resources reported a notable increase in revenue for the third quarter of 2025, reaching $112.7 million compared to $94.1 million in the same period the previous year. The company also maintained its quarterly dividend at $0.11 per share, emphasizing its improved liquidity position. However, Freedom Capital Markets downgraded Granite Ridge Resources from a "Buy" to a "Hold" rating, adjusting the price target to $7.00 from $7.80. This downgrade was attributed to the company’s increased debt burden following its expansion in oil and natural gas production through asset acquisitions. These recent developments reflect ongoing investor concerns regarding future earnings projections. Despite the revenue growth, the downgrade highlights potential financial challenges due to the company’s strategic expansion activities.
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