Greenfire Resources Ltd. $GFR Shares Acquired by Encompass Capital Advisors LLC

Key Points

• Encompass Capital Advisors LLC increased its stake in Greenfire Resources by 18.6%, now owning 4,803,504 shares valued at approximately $28.2 million.
• Multiple institutional investors have also shown interest, with Cubist Systematic Strategies and FNY Investment Advisers significantly increasing their holdings during recent quarters.
• BMO Capital Markets has reaffirmed an "outperform" rating for Greenfire Resources, which currently holds a consensus rating of "Buy" among analysts.

Encompass Capital Advisors LLC increased its stake in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 18.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,803,504 shares of the company's stock after acquiring an additional 754,571 shares during the period. Encompass Capital Advisors LLC owned about 6.91% of Greenfire Resources worth $28,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GFR. FNY Investment Advisers LLC grew its holdings in 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. Cubist Systematic Strategies LLC acquired a new stake in Greenfire Resources in the fourth quarter valued at approximately $100,000. XTX Topco Ltd acquired a new stake in Greenfire Resources in the first quarter valued at approximately $103,000. Dimensional Fund Advisors LP purchased a new stake in Greenfire Resources in the 4th quarter worth $138,000. Finally, Beverly Hills Private Wealth LLC purchased a new stake in Greenfire Resources in the 1st quarter worth $216,000. 88.89% of the stock is owned by institutional investors and hedge funds.

Greenfire Resources Price Performance

NYSE GFR traded down $0.06 on Tuesday, hitting $4.92. The company had a trading volume of 14,124 shares, compared to its average volume of 73,650. The company has a market capitalization of $341.51 million, a PE ratio of 2.41 and a beta of 0.29. The company's fifty day moving average price is $4.62 and its 200-day moving average price is $4.80. Greenfire Resources Ltd. has a 12-month low of $3.81 and a 12-month high of $8.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.82 and a quick ratio of 2.54.

Greenfire Resources (NYSE:GFR - Get Free Report) last announced its quarterly earnings data 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%.

Greenfire Resources 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.