Granite Ridge Resources (GRNT) Insider Reade Buys 4,252 Shares
Matthew Reade bought 4,252 shares of Granite Ridge Resources, reflecting a notable investment amid analyst optimism.
Reviewed by automated data checks against the source filing. How we make and check alerts
Miller Matthew Reade bought 4,252 shares of Granite Ridge Resources, Inc. ($GRNT) on June 30, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $GRNT is up 1.2% after 1 week, up 5.8% after 1 month and up 26.4% to date (from the $4.31 close on Jun 30, 2026).
GRNT
Granite Ridge Resources, Inc.
Key Points
- On June 30, 2026, Matthew Reade bought 4,252 shares of Granite Ridge Resources (GRNT) for about $18,750 at a price of $4.41 per share.
- Granite Ridge Resources reported revenue of $472.5 million and a negative EPS of $0.22, with its next earnings date set for November 5, 2026.
- Analysts at Northland Capital Markets recently initiated coverage of Granite Ridge with an 'Outperform' rating and a price target of $9.00.
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Insider Buying and Selling at Granite Ridge Resources, Inc.
On June 30, 2026, Matthew Reade bought 4,252 shares of Granite Ridge Resources, Inc. (NYSE: GRNT) at a price of $4.41 each. This purchase amounts to a total investment of approximately $18,750. This transaction reflects Reade's confidence in the company's future amid its ongoing operations in the energy sector.
Analysts Set New Price Targets
On July 8, 2026, Northland Capital Markets initiated coverage of Granite Ridge Resources with an 'Outperform' rating and a price target of $9.00. This rating suggests that analysts see potential for growth in the stock, which may add to the positive sentiment surrounding the recent insider purchase.
Stock Performance Context
Granite Ridge Resources shares closed at $4.41 on the day of Reade's transaction. The stock has fluctuated between a 52-week low of $4.18 and a high of $6.14. With the recent insider buying and analyst upgrades, market watchers will be keen to see how this influences the stock's performance in the coming weeks.
What Granite Ridge Resources, Inc. Does
Granite Ridge Resources, Inc. focuses on oil and natural gas exploration and production. It operates a portfolio of wells and acreage across various U.S. basins, including the Permian and Eagle Ford. This insider buy comes at a time when the company is navigating the energy market landscape.
What's Ahead for Granite Ridge Resources, Inc.
Investors will be paying attention to Granite Ridge's next earnings report scheduled for November 5, 2026. The recent 13F filings reflect past positions and may not represent current holdings, but the insider activity and analyst ratings could signal a shift in market dynamics for the company.
Related Filing Alerts
Source: Miller Matthew Reade's Form 4 filing on $GRNT (Jun 30, 2026). Find the original filing: GRNT Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts