Greenfire Resources (NYSE:GFR) Earns Sell (D+) Rating from Weiss Ratings

Greenfire Resources (NYSE:GFRGet Free Report)‘s stock had its “sell (d+)” rating reaffirmed by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, BMO Capital Markets cut Greenfire Resources from an “outperform” rating to a “market perform” rating in a research note on Monday, September 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Read Our Latest Analysis on GFR

Greenfire Resources Price Performance

NYSE:GFR opened at $4.72 on Wednesday. The company has a quick ratio of 2.54, a current ratio of 2.82 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average is $4.79 and its two-hundred day moving average is $4.73. Greenfire Resources has a 52 week low of $3.81 and a 52 week high of $8.16. The stock has a market capitalization of $327.90 million, a price-to-earnings ratio of 2.31 and a beta of 0.27.

Greenfire Resources (NYSE:GFRGet Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.19. Greenfire Resources had a return on equity of 24.62% and a net margin of 28.61%.

Institutional Trading of Greenfire Resources

A number of large investors have recently modified their holdings of the stock. FNY Investment Advisers LLC increased its position in shares of Greenfire Resources by 66.3% during the first quarter. FNY Investment Advisers LLC now owns 16,633 shares of the company’s stock worth $97,000 after acquiring an additional 6,633 shares during the period. XTX Topco Ltd purchased a new position in Greenfire Resources in the first quarter valued at $103,000. Beverly Hills Private Wealth LLC purchased a new position in Greenfire Resources in the first quarter valued at $216,000. Polar Asset Management Partners Inc. purchased a new position in Greenfire Resources in the first quarter valued at $297,000. Finally, Royal Bank of Canada increased its holdings in Greenfire Resources by 6,363.6% in the first quarter. Royal Bank of Canada now owns 56,750 shares of the company’s stock valued at $333,000 after buying an additional 55,872 shares during the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

Greenfire Resources Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Greenfire Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenfire Resources and related companies with MarketBeat.com's FREE daily email newsletter.