Street Calls of the Week
Director Matthew Reade Miller acquired 600 shares of Granite Ridge Resources, Inc. (NASDAQ:GRNT) on September 15, 2025. The shares were purchased at a price of $5.35, for a total transaction value of $3210. The stock, currently trading at $5.62, has analyst price targets ranging from $5 to $9, according to InvestingPro data. The company, with a market capitalization of $741 million, has demonstrated consistent profitability over the last twelve months.
Following the transaction, Miller directly owns 1,284,664 shares of Granite Ridge Resources. The purchase was made through an automatic dividend reinvestment program, taking advantage of the company’s substantial 7.91% dividend yield. InvestingPro analysis reveals the company is expected to maintain profitability this year, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other US stocks.
In other recent news, Granite Ridge Resources Inc reported a strong 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. Furthermore, Granite Ridge raised its full-year production guidance, signaling positive expectations for the remainder of the year. These developments have contributed to heightened market confidence. The company’s stock saw a notable increase, reflecting investor optimism. While the stock price movement is not discussed here, the earnings and revenue results are central to understanding the company’s recent performance.
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