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4 insiders bought €82k of shares over the last 90 days, the latest filed 14 Sept 2026.
Granite Ridge Resources, Inc.: what insiders have been doing
Granite Ridge Resources, Inc., classified in the Energy sector, is a listed company. Its insiders report their share dealings to SEC (Form 4). Between 18 October 2025 and 18 October 2026, 12 insiders published 50 filings.
Only purchases show up on the open market, 26 purchases in all worth €507k, filed by 6 insiders. The totals do not cover 2 filings with an undisclosed amount. Unlike grants, an open-market purchase is paid for by the insider, at the market price. One trade stands out by size: a purchase of €56k from Farquharson Tyler, disclosed on 11 March 2026. Among those who bought: 4 senior executives, 1 finance chief and 1 chief executive.
For context, the typical company on the same exchange (median of 5,811 companies) published 19 filings over the same period, against 50 filings here. Looking back to 2023, when coverage begins, insiders filed 117 purchases and 1 sale. For the fiscal year to 31 December 2025, the annual 10-K puts revenue at 450.3 m USD and net income at 24.4 m USD, and the dividend at 0.44 USD per share.
Within a 30-day window, 21 purchases overlapped with buying by a second insider. Purchases made close together by different insiders form what is called a cluster. The most recent open-market purchase was published on 14 September 2026, 34 days ago. Typically, a trade is published a median of 2 days after it takes place. For comparison, the SEC allows two business days to file a Form 4.
Elsewhere in the same sector, our signals recently picked up insider purchases at RGC Resources Inc and Empire Petroleum Corp. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
209
Thresholds
n/a
Buy Volume
€3M
117 ops. · all time
Sell Volume
€12M
1 ops. · all time
Who traded when
BuySaleJohn Mccartney21 buys
Matthew Reade Miller15 buys
Luke C. Brandenberg6 buys
Michele J. Everard6 buys
Ronald Kyle Kettler3 buys
Tyler Farquharson3 buys
+2 other insiders
Since the insiders bought
- +3.7%Entry US$5.10 · Close 16 Oct 2026 US$5.29
- +1.3%Entry US$5.22 · Close 16 Oct 2026 US$5.29
- +1.3%Entry US$5.22 · Close 16 Oct 2026 US$5.29
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Granite Ridge Resources, Inc. Buy (bullish), based on 5 analysts. Average price target: US$7.80.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 13,273 of 24,148 companies
48.7
score / 100
Value54
Quality43
FCF yld-19%
Earn yld3.7%
EV/EBITDA3.8x
ROE-4.6%
Gross mgn27%
Net mgn5.4%
Debt/EBITDA1.4x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$4.94
Analyst consensus
5 analystsBuy
US$6.00Target US$7.80(+58%)US$11.00
Income statement
RevenueUS$450.3M
Gross profitUS$122.1M27% margin
EBITDAUS$273.3M61% margin
Net incomeUS$24.4M-5.8% margin
Valuation
PER (forward)6.5x
P/Book1.2x
Beta0.20
Balance sheet & cash
Market capUS$651.6M
Total debtUS$385.3M
Free Cash Flow-US$122.8M
Debt / Equity82%
Profitability & ownership
ROE-4.6%
ROA2.2%
% insiders10.9%
% institutions75.5%
Last declaration on 1 October 2026
Declarations209 total
1,010 shares0Common Stock, par value $0.0001 per shareSEC:0001628280-26-064244:0
2,019 shares0Common Stock, par value $0.0001 per shareSEC:0001628280-26-064238:0
4,320 shares0Common Stock, par value $0.0001 per shareSEC:0001628280-26-064234:0
10,000 shares@ US$5.030.0083% mcap3.8% of flowCommon Stock, par value $0.0001 per shareSEC:0001628280-26-061771:0
Canonical exit: 10 Dec 2026 (T+90)
6,000 shares@ US$5.050.0050% mcap42.2% of flowCommon Stock, par value $0.0001 per shareSEC:0001628280-26-060851:0
Canonical exit: 3 Dec 2026 (T+90)
5,315 shares0Common Stock, par value $0.0001 per shareSEC:0001628280-26-058381:1
220,418 shares0Common Stock, par value $0.0001 per shareSEC:0001628280-26-058377:0
19,305 shares0Common Stock, par value $0.0001 per shareSEC:0001628280-26-058379:0
5,315 shares0Common Stock, par value $0.0001 per shareSEC:0001628280-26-058379:1
19,305 shares0Common Stock, par value $0.0001 per shareSEC:0001628280-26-058381:0
592,733 shares0Common Stock, par value $0.0001 per shareSEC:0001628280-26-058370:0
592,733 shares0Common Stock, par value $0.0001 per shareSEC:0001628280-26-058372:0
598,531 shares0Common Stock, par value $0.0001 per shareSEC:0001628280-26-058374:0
1,000 shares@ US$5.000.0008% mcap6.8% of flowCommon Stock, par value $0.0001 per shareSEC:0001628280-26-057414:0
Canonical exit: 11 Nov 2026 (T+90)
2,000 shares@ US$5.000.0017% mcap2.5% of flowCommon Stock, par value $0.0001 per shareSEC:0001628280-26-057291:0
Canonical exit: 11 Nov 2026 (T+90)
4,000 sharesCommon Stock, par value $0.0001 per shareSEC:0001628280-26-042498:0
Canonical exit: 8 Sept 2026 (T+90)
10,600 sharesCommon Stock, par value $0.0001 per shareSEC:0001628280-26-041834:0
Canonical exit: 7 Sept 2026 (T+90)
1,000 shares@ US$5.280.0006% mcap7.1% of flowCommon Stock, par value $0.0001 per shareSEC:0001628280-26-035006:0
Canonical exit: 12 Aug 2026 (T+90)
10,000 shares@ US$5.150.0060% mcap12.7% of flowCommon Stock, par value $0.0001 per shareSEC:0001628280-26-034627:0
Canonical exit: 11 Aug 2026 (T+90)
3,194 shares0Common Stock, par value $0.0001 per shareSEC:0001628280-26-023042:0
658 shares@ US$5.150.3% of flowCommon Stock, par value $0.0001 per shareSEC:0001628280-26-018416:0
Canonical exit: 11 Jun 2026 (T+90)
5,000 shares@ US$5.166.4% of flowCommon Stock, par value $0.0001 per shareSEC:0001628280-26-017977:0
Canonical exit: 10 Jun 2026 (T+90)
3,000 shares@ US$5.1721.8% of flowCommon Stock, par value $0.0001 per shareSEC:0001628280-26-017978:0
Canonical exit: 11 Jun 2026 (T+90)
2,000 shares@ US$5.122.5% of flowCommon Stock, par value $0.0001 per shareSEC:0001628280-26-017169:0
Canonical exit: 9 Jun 2026 (T+90)
5,000 shares@ US$5.1734.9% of flowCommon Stock, par value $0.0001 per shareSEC:0001628280-26-017163:0
Canonical exit: 10 Jun 2026 (T+90)
25 of 209 declarations
About Granite Ridge Resources, Inc.
Granite Ridge Resources, Inc. (NYSE: GRNT) is a U.S.-listed energy company based in the United States and traded on the NYSE. For international investors, Granite Ridge is best understood as a differentiated upstream oil and gas platform: it is not a traditional fully operated E&P company, but rather a hybrid energy company and investment platform focused on non-operated assets and structured partnerships with experienced operators. The company’s stated model combines commodity exposure with portfolio diversification, disciplined capital allocation, and quarterly cash dividends. ([ir.graniteridge.com](https://ir.graniteridge.com/Investors/Overview/default.aspx?utm_source=openai))
The company’s modern public-market history began with the business combination completed on October 24, 2022, when Executive Network Partnering Corporation (ENPC), a NYSE-listed SPAC, merged with assets associated with Grey Rock Investment Partners, a Dallas-based investment firm. That transaction created Granite Ridge Resources as a publicly traded issuer. In that sense, Granite Ridge’s operating DNA reflects a private-equity-style approach to upstream investing rather than a conventional operator-led shale company. ([kirkland.com](https://www.kirkland.com/news/press-release/2022/05/kirkland-advises-enpc-on-grey-rock?utm_source=openai))
Read moreShow less
Granite Ridge’s core business lines are centered on two related strategies. First, it owns a diversified portfolio of non-operated oil and gas interests across multiple U.S. basins. Second, it makes direct investments alongside proven public and private operators, backing drilling and development programs while relying on partners to execute field operations. Management emphasizes proprietary data, underwriting discipline, balance-sheet conservatism, and hedging as key parts of the platform. The company also highlights quarterly dividends as a central element of its capital-return framework. ([graniteridge.com](https://www.graniteridge.com/about-us/?utm_source=openai))
Geographically, Granite Ridge’s portfolio spans six premier U.S. basins: the Permian, Eagle Ford, Bakken, Haynesville, DJ, and Appalachian basins. This basin diversification is an important competitive feature because it reduces reliance on any single region, commodity mix, or operator. Granite Ridge also says it has interests in more than 3,100 existing wells, which underscores the breadth of its asset base and the scale of its non-operated footprint. ([graniteridge.com](https://www.graniteridge.com/about-us/?utm_source=openai))
From a competitive standpoint, Granite Ridge occupies a niche between an upstream producer and an asset allocator. Its key advantage is a risk-managed model that seeks attractive risk-adjusted returns without the overhead and operational complexity of a fully integrated operator. The trade-off is continued sensitivity to oil and natural gas prices, partner execution risk, and the inherent cyclicality of the U.S. shale sector. ([ir.graniteridge.com](https://ir.graniteridge.com/Investors/Overview/default.aspx?utm_source=openai))
Recent developments remain centered on operating performance and capital returns. In March 2026, Granite Ridge reported fourth-quarter and full-year 2025 results, including higher production, estimated proved reserves of 62,347 MBoe at year-end 2025, total liquidity of $339.5 million, and net debt to Adjusted EBITDAX of 1.2x. The company also declared a quarterly dividend of $0.11 per share. In parallel, ongoing SEC Form 4 filings reflect active insider-transaction reporting, which is typical for a public company closely watched by equity investors. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1928446/000192844626000005/grnt-20251231xexx991.htm?utm_source=openai))
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