FNY Investment Advisers LLC Acquires 6,633 Shares of Greenfire Resources Ltd. (NYSE:GFR)

FNY Investment Advisers LLC lifted its holdings in shares of Greenfire Resources Ltd. (NYSE:GFR) by 66.3% during the 1st quarter, Holdings Channel reports. The firm owned 16,633 shares of the company’s stock after purchasing an additional 6,633 shares during the period. FNY Investment Advisers LLC’s holdings in Greenfire Resources were worth $97,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest & Ethical Investments L.P. acquired a new stake in Greenfire Resources during the fourth quarter worth approximately $45,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Greenfire Resources during the 4th quarter worth $100,000. Jump Financial LLC acquired a new stake in shares of Greenfire Resources during the 4th quarter worth $107,000. Dimensional Fund Advisors LP bought a new position in shares of Greenfire Resources in the fourth quarter worth $138,000. Finally, JPMorgan Chase & Co. raised its stake in Greenfire Resources by 523.8% in the fourth quarter. JPMorgan Chase & Co. now owns 24,623 shares of the company’s stock valued at $174,000 after purchasing an additional 20,676 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.

Greenfire Resources Stock Performance

Shares of Greenfire Resources stock opened at $5.05 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. The company has a market cap of $350.88 million, a PE ratio of 14.43 and a beta of 0.25. The company has a 50 day moving average of $4.63 and a 200-day moving average of $5.70. Greenfire Resources Ltd. has a 1-year low of $3.81 and a 1-year high of $8.16.

Greenfire Resources (NYSE:GFR) last released its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.16). Greenfire Resources had a return on equity of 5.40% and a net margin of 5.02%. The business had revenue of $123.16 million for the quarter.

Analysts Set New Price Targets

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Greenfire Resources in a research note on Wednesday, May 7th.

Greenfire Resources Company 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.