Greenfire Resources Ltd. (NYSE:GFR – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $5.60, but opened at $5.36. Greenfire Resources shares last traded at $5.4550, with a volume of 2,847 shares.
Analyst Ratings Changes
GFR has been the topic of several recent research reports. TD Securities assumed coverage on shares of Greenfire Resources in a report on Tuesday, June 16th. They set a “buy” rating on the stock. Weiss Ratings lowered 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 Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.
Read Our Latest Research Report on Greenfire Resources
Greenfire Resources Stock Down 0.2%
Institutional Investors Weigh In On Greenfire Resources
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GFR. Deltroit Asset Management UK LLP bought a new stake in Greenfire Resources in the 4th quarter worth $48,000. Raffles Associates LP purchased a new stake in shares of Greenfire Resources during the fourth quarter worth about $50,000. WINTON GROUP Ltd purchased a new stake in shares of Greenfire Resources during the fourth quarter worth about $64,000. Jane Street Group LLC bought a new stake in shares of Greenfire Resources in the fourth quarter worth about $74,000. Finally, Renaissance Technologies LLC grew its stake in shares of Greenfire Resources by 15.9% in the fourth quarter. Renaissance Technologies LLC now owns 128,300 shares of the company’s stock worth $611,000 after purchasing an additional 17,600 shares during the last quarter. 88.89% of the stock is currently owned by institutional investors.
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. The company is headquartered in Calgary, Canada.
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