Wexford Capital LP grew its holdings in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 39.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,092,071 shares of the company's stock after buying an additional 307,456 shares during the period. Greenfire Resources accounts for about 1.2% of Wexford Capital LP's investment portfolio, making the stock its 9th biggest holding. Wexford Capital LP owned 1.57% of Greenfire Resources worth $7,710,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in GFR. JPMorgan Chase & Co. bought a new stake in Greenfire Resources during the third quarter worth approximately $29,000. Northwest & Ethical Investments L.P. bought a new stake in Greenfire Resources during the fourth quarter worth approximately $45,000. Cubist Systematic Strategies LLC bought a new stake in Greenfire Resources during the fourth quarter worth approximately $100,000. Jump Financial LLC bought a new stake in Greenfire Resources during the fourth quarter worth approximately $107,000. Finally, Dimensional Fund Advisors LP bought a new stake in Greenfire Resources during the fourth quarter worth approximately $138,000. Institutional investors own 88.89% of the company's stock.
Greenfire Resources Price Performance
Greenfire Resources stock traded down $0.02 during mid-day trading on Friday, hitting $4.25. The company's stock had a trading volume of 17,079 shares, compared to its average volume of 103,504. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $294.89 million, a P/E ratio of 12.13 and a beta of 0.31. Greenfire Resources Ltd. has a twelve month low of $3.81 and a twelve month high of $8.16. The stock's fifty day moving average price is $4.89 and its two-hundred day moving average price is $6.04.
Greenfire Resources (NYSE:GFR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.16). The business had revenue of $123.16 million during the quarter. Greenfire Resources had a return on equity of 5.40% and a net margin of 5.02%.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets reissued an "outperform" rating on shares of Greenfire Resources in a report on Wednesday, May 7th.
Get Our Latest Stock Analysis on Greenfire Resources
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.
Featured Stories
Before you consider Greenfire Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Greenfire Resources wasn't on the list.
While Greenfire Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
