Militia Capital Management LLC bought a new position in Greenfire Resources Ltd. (NYSE:GFR – Free Report) in the 1st quarter, Holdings Channel.com reports. The firm bought 259,000 shares of the company’s stock, valued at approximately $1,637,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Saber Capital Managment LLC purchased a new position in Greenfire Resources during the fourth quarter worth about $3,270,000. K2 Principal Fund L.P. boosted its holdings in Greenfire Resources by 88.8% in the 4th quarter. K2 Principal Fund L.P. now owns 845,285 shares of the company’s stock valued at $4,024,000 after purchasing an additional 397,685 shares in the last quarter. Aegis Financial Corp acquired a new position in Greenfire Resources during the 4th quarter worth approximately $853,000. Royal Bank of Canada increased its position in Greenfire Resources by 158.7% during the 4th quarter. Royal Bank of Canada now owns 42,290 shares of the company’s stock worth $201,000 after purchasing an additional 25,940 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Greenfire Resources during the 4th quarter worth approximately $179,000. Hedge funds and other institutional investors own 88.89% of the company’s stock.
Greenfire Resources Trading Up 3.3%
NYSE:GFR opened at $6.62 on Thursday. Greenfire Resources Ltd. has a 52-week low of $4.14 and a 52-week high of $7.02. The company has a quick ratio of 0.54, a current ratio of 0.66 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $5.84 and a 200-day simple moving average of $5.84. The company has a market capitalization of $830.21 million, a PE ratio of -73.55 and a beta of 0.20.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on GFR shares. Weiss Ratings downgraded Greenfire Resources from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. Royal Bank Of Canada began coverage on shares of Greenfire Resources in a research note on Monday, July 6th. They set a “hold” rating on the stock. Finally, TD Securities assumed coverage on shares of Greenfire Resources in a research note on Tuesday, June 16th. They issued a “buy” rating for the company. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
Get Our Latest Research Report on GFR
Greenfire Resources Profile
Greenfire Resources Ltd., together with its subsidiaries, engages in the development, exploration, and operation of oil and gas properties in the Athabasca oil sands region of Alberta. The company operates the Tier-1 oil sands assets located in Western Canada. It utilizes steam-assisted gravity drainage (SAGD) extraction technology, a situ thermal oil recovery process to recover diluted and non- diluted bitumen. The company is headquartered in Calgary, Canada.
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