Granite Ridge Resources (GRNT) Gains Amid Reports of Insider Buying
The share price of Granite Ridge Resources, Inc. (NYSE:GRNT) surged by 10.82% between June 18 and June 26, 2025, putting it among the Energy Stocks that Gained the Most This Week.
A drilling rig pumping away in the Bakken Formation in the backdrop of a Texas prairie.
Granite Ridge Resources, Inc. (NYSE:GRNT) is a scaled, non-operated oil and gas exploration and production company with a diverse portfolio of wells and top-tier acreage.
Granite Ridge Resources, Inc. (NYSE:GRNT) received a boost this week following reports that its director, Matthew Reade Miller, recently acquired 17,000 shares of the company's stock. The transaction amounted to a total value of approximately $101,660 and indicated a strong vote of confidence in the company's future for outside investors.
Granite Ridge Resources, Inc. (NYSE:GRNT) also recently underwent a significant leadership change, with Tyler Farquharson replacing Luke Brandenberg as the company's CEO. However, the energy firm reaffirmed its 2025 operational and financial guidance, indicating that the transition is not related to performance.
While we acknowledge the potential of GRNT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and
Disclosure: None.
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