Greenfire Resources (NYSE:GFR – Get Free Report) was upgraded by analysts at TD Securities to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.
Several other research firms have also recently weighed in on GFR. Royal Bank Of Canada initiated coverage on shares of Greenfire Resources in a report on Monday, July 6th. They set a “hold” rating on the stock. Weiss Ratings cut shares of Greenfire Resources from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.
View Our Latest Analysis on GFR
Greenfire Resources Trading Down 1.9%
Greenfire Resources (NYSE:GFR – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.48). The firm had revenue of $34.81 million during the quarter, compared to the consensus estimate of $104.27 million. Greenfire Resources had a negative return on equity of 4.20% and a negative net margin of 7.55%.
Hedge Funds Weigh In On Greenfire Resources
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Moerus Capital Management LLC bought a new position in Greenfire Resources during the fourth quarter valued at about $8,082,000. BW Gestao de Investimentos Ltda. raised its position in Greenfire Resources by 95.8% in the second quarter. BW Gestao de Investimentos Ltda. now owns 3,296,823 shares of the company’s stock worth $14,704,000 after acquiring an additional 1,613,198 shares during the period. Saber Capital Managment LLC bought a new stake in Greenfire Resources in the fourth quarter worth about $3,270,000. Bank of Montreal Can boosted its stake in Greenfire Resources by 165.8% in the fourth quarter. Bank of Montreal Can now owns 1,012,920 shares of the company’s stock valued at $4,821,000 after acquiring an additional 631,848 shares during the last quarter. Finally, K2 Principal Fund L.P. boosted its stake in Greenfire Resources by 88.8% in the fourth quarter. K2 Principal Fund L.P. now owns 845,285 shares of the company’s stock valued at $4,024,000 after acquiring an additional 397,685 shares during the last quarter. 88.89% of the stock is owned by hedge funds and other institutional investors.
About Greenfire Resources
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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