Greenfire Resources Ltd. (NYSE:GFR) Position Lifted by Wexford Capital LP

Wexford Capital LP boosted its stake in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 39.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,092,071 shares of the company's stock after acquiring an additional 307,456 shares during the period. Greenfire Resources accounts for 1.2% of Wexford Capital LP's portfolio, making the stock its 9th largest holding. Wexford Capital LP owned approximately 1.57% of Greenfire Resources worth $7,710,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of GFR. JPMorgan Chase & Co. purchased a new position in Greenfire Resources during the third quarter valued at $29,000. Louisbourg Investments Inc. bought a new position in Greenfire Resources during the fourth quarter valued at $1,787,000. Northwest & Ethical Investments L.P. bought a new position in Greenfire Resources during the fourth quarter valued at $45,000. Hillsdale Investment Management Inc. bought a new position in Greenfire Resources during the fourth quarter valued at $1,155,000. Finally, LPL Financial LLC bought a new position in Greenfire Resources during the fourth quarter valued at $270,000. 88.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, BMO Capital Markets reiterated an "outperform" rating on shares of Greenfire Resources in a research report on Wednesday, May 7th.

Greenfire Resources Trading Down 2.7%

Shares of Greenfire Resources stock traded down $0.12 during trading on Thursday, hitting $4.26. The stock had a trading volume of 28,045 shares, compared to its average volume of 103,449. The firm's fifty day simple moving average is $4.92 and its 200-day simple moving average is $6.08. The stock has a market cap of $295.93 million, a PE ratio of 12.17 and a beta of 0.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.67 and a quick ratio of 0.58. Greenfire Resources Ltd. has a 12 month low of $3.81 and a 12 month high of $8.16.

Greenfire Resources (NYSE:GFR - Get Free Report) last released its 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 firm 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%.

Greenfire Resources Company 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.