Donald Smith & CO. Inc. acquired a new position in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 295,849 shares of the company's stock, valued at approximately $1,672,000. Donald Smith & CO. Inc. owned about 0.24% of Greenfire Resources as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GFR. Deltroit Asset Management UK LLP acquired a new stake in Greenfire Resources in the fourth quarter valued at $48,000. Raffles Associates LP acquired a new position in Greenfire Resources in the fourth quarter valued at approximately $50,000. WINTON GROUP Ltd acquired a new position in shares of Greenfire Resources during the 4th quarter valued at $64,000. Jane Street Group LLC bought a new position in shares of Greenfire Resources during the 4th quarter worth about $74,000. Finally, Renaissance Technologies LLC boosted its holdings in 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 acquiring an additional 17,600 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have weighed in on GFR. Royal Bank Of Canada assumed coverage on shares of Greenfire Resources in a research note on Monday, July 6th. They issued a "hold" rating on the stock. BMO Capital Markets upgraded Greenfire Resources from a "market perform" rating to an "outperform" rating and set a $11.50 target price on the stock in a research note on Wednesday, August 5th. TD Securities upgraded Greenfire Resources to a "strong-buy" rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Greenfire Resources in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $11.50.
View Our Latest Stock Analysis on Greenfire Resources
Greenfire Resources Trading Up 1.6%
Shares of Greenfire Resources stock opened at $6.47 on Friday. Greenfire Resources Ltd. has a 1 year low of $4.15 and a 1 year high of $7.16. The company has a 50 day simple moving average of $6.05 and a two-hundred day simple moving average of $6.05. The firm has a market cap of $811.40 million, a PE ratio of -23.11 and a beta of 0.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.96 and a quick ratio of 0.76.
Greenfire Resources (NYSE:GFR - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.30. Greenfire Resources had a negative return on equity of 3.50% and a negative net margin of 6.36%.The business had revenue of $123.86 million for the quarter, compared to analysts' expectations of $107.41 million.
About Greenfire Resources
(
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. The company is headquartered in Calgary, Canada.
See Also
Want to see what other hedge funds are holding GFR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greenfire Resources Ltd. (NYSE:GFR - Free Report).
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