Greenfire Resources (NYSE:GFR) Issues Earnings Results

Greenfire Resources (NYSE:GFR) announced its earnings results on Thursday. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.22), Zacks reports. Greenfire Resources had a return on equity of 15.64% and a net margin of 20.20%.The business had revenue of $100.73 million during the quarter.

Greenfire Resources Price Performance

Shares of Greenfire Resources stock traded down $0.37 during trading on Friday, hitting $5.95. 417,449 shares of the stock traded hands, compared to its average volume of 108,009. The stock has a market cap of $413.55 million, a price-to-earnings ratio of 4.41 and a beta of 0.27. The company has a quick ratio of 2.05, a current ratio of 2.27 and a debt-to-equity ratio of 0.36. Greenfire Resources has a 52 week low of $3.81 and a 52 week high of $6.93. The firm’s fifty day moving average is $5.58 and its 200-day moving average is $5.08.

Institutional Trading of Greenfire Resources

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raffles Associates LP purchased a new stake in Greenfire Resources in the fourth quarter worth approximately $50,000. WINTON GROUP Ltd purchased a new position in shares of Greenfire Resources during the fourth quarter worth approximately $64,000. Jane Street Group LLC bought a new stake in shares of Greenfire Resources in the 4th quarter worth approximately $74,000. Goldman Sachs Group Inc. purchased a new stake in shares of Greenfire Resources in the 4th quarter valued at $179,000. Finally, Royal Bank of Canada boosted its stake in shares of Greenfire Resources by 158.7% in the 4th quarter. Royal Bank of Canada now owns 42,290 shares of the company’s stock valued at $201,000 after purchasing an additional 25,940 shares in the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on GFR. Weiss Ratings reissued a “sell (d)” rating on shares of Greenfire Resources in a report on Monday, December 29th. Wall Street Zen upgraded shares of Greenfire Resources to a “hold” rating in a research report on Saturday, November 15th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Greenfire Resources currently has a consensus rating of “Reduce”.

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.