Michele J. Everard, a director at Granite Ridge Resources (NASDAQ:GRNT), purchased company shares on May 14, 2026, per a recent SEC filing.
Ms. Everard acquired 1,000 shares of common stock at $5.28 each, totaling $5,280. The stock had fallen nearly 8% the prior week and is trading below Bond.az’s Fair Value estimate, suggesting it may be undervalued. After the transaction, Ms. Everard directly holds 72,143 shares. The company offers shareholders an 8.5% dividend yield.
In recent news, Granite Ridge reported strong Q1 2026 results. Total revenues rose to $128.3 million, a 4.3% increase year-over-year, driven by robust oil segment performance despite natural gas pricing challenges. Investors expressed concerns over higher lease operating expenses and derivative losses.
