Greenfire Resources (NYSE:GFR – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $999.00 EPS for the quarter, topping the consensus estimate of $0.08 by $998.92, Zacks reports. Greenfire Resources had a return on equity of 5.03% and a net margin of 8.01%.
Greenfire Resources Stock Up 2.4%
NYSE:GFR traded up $0.15 during midday trading on Tuesday, hitting $6.64. The company had a trading volume of 227,165 shares, compared to its average volume of 176,984. Greenfire Resources has a 52-week low of $3.81 and a 52-week high of $7.02. The stock’s fifty day moving average price is $6.20 and its 200-day moving average price is $5.41. The company has a market capitalization of $833.20 million, a PE ratio of 13.56 and a beta of 0.26.
Institutional Trading of Greenfire Resources
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Moerus Capital Management LLC purchased a new stake in Greenfire Resources during the fourth quarter valued at about $8,082,000. BW Gestao de Investimentos Ltda. lifted its stake 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. Bank of Montreal Can lifted its holdings 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 worth $4,821,000 after buying an additional 631,848 shares during the period. Cibc World Market Inc. purchased a new stake in Greenfire Resources in the fourth quarter worth about $565,000. Finally, UBS Group AG lifted its position in Greenfire Resources by 14.0% during the third quarter. UBS Group AG now owns 607,419 shares of the company’s stock valued at $2,806,000 after buying an additional 74,522 shares during the period. Hedge funds and other institutional investors own 88.89% of the company’s stock.
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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