Greenfire Resources (NYSE:GFR) Sees Large Volume Increase – Here’s What Happened

Posted by Francis Steltz on Sep 14th, 2026

Shares of Greenfire Resources Ltd. (NYSE:GFR – Get Free Report) saw unusually-strong trading volume on Monday . 399,838 shares were traded during trading, an increase of 27% from the previous session’s volume of 314,041 shares.The stock last traded at $6.5850 and had previously closed at $6.52.

Analyst Ratings Changes

A number of brokerages recently issued reports on GFR. Weiss Ratings reissued a “sell (d)” rating on shares of Greenfire Resources in a research note on Thursday, August 13th. Royal Bank Of Canada assumed coverage on Greenfire Resources in a report on Monday, July 6th. They issued a “hold” rating on the stock. BMO Capital Markets upgraded Greenfire Resources from a “market perform” rating to an “outperform” rating and set a $11.50 price target on the stock in a research note on Wednesday, August 5th. Finally, TD Securities raised Greenfire Resources to a “strong-buy” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.50.

View Our Latest Research Report on GFR

Greenfire Resources Stock Up 0.8%

The firm’s fifty day moving average is $6.25 and its 200-day moving average is $6.10. The company has a market capitalization of $824.57 million, a P/E ratio of -23.43 and a beta of 0.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.76 and a current ratio of 0.96.

Greenfire Resources (NYSE:GFR – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.30. The firm had revenue of $123.86 million for the quarter, compared to analyst estimates of $107.41 million. Greenfire Resources had a negative net margin of 6.36% and a negative return on equity of 3.50%.

Institutional Investors Weigh In On Greenfire Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of GFR. Deltroit Asset Management UK LLP acquired a new stake in Greenfire Resources in the fourth quarter valued at $48,000. Raffles Associates LP acquired a new position in Greenfire Resources during the 4th quarter worth about $50,000. Engineers Gate Manager LP acquired a new position in Greenfire Resources during the 2nd quarter worth about $60,000. WINTON GROUP Ltd bought a new stake in shares of Greenfire Resources in the 4th quarter valued at about $64,000. Finally, Jane Street Group LLC bought a new stake in shares of Greenfire Resources in the 4th quarter valued at about $74,000. Institutional investors own 88.89% of the company’s stock.

About Greenfire Resources

(Get Free Report)

Greenfire Resources Ltd. (NYSE: GFR) is a Canadian energy company focused on the development and production of bitumen from the Athabasca oil sands in Alberta, Canada. The company’s operations are centered on thermal oil sands projects that use steam-assisted gravity drainage (SAGD) technology to recover bitumen from underground reservoirs.

Greenfire’s principal assets include the Hangingstone Expansion and Hangingstone Demonstration projects, located south of Fort McMurray, Alberta. The company operates its facilities and produces bitumen, which can be transported to market for upgrading or refining into crude oil and other petroleum products.

The company has historically focused on advancing oil sands assets with established infrastructure and production potential.