Why These Energy Stocks Are Gaining This Week

7. Granite Ridge Resources, Inc. (NYSE:GRNT

Share Price Gains Between June 18 – June 26: 10.82%

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.