Louisbourg Investments Inc. Boosts Position in Greenfire Resources Ltd. (NYSE:GFR)

Louisbourg Investments Inc. boosted its holdings in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 46.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 371,979 shares of the company's stock after buying an additional 118,500 shares during the quarter. Louisbourg Investments Inc. owned 0.54% of Greenfire Resources worth $2,207,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GFR. Bank of America Corp DE grew its stake in shares of Greenfire Resources by 2,839.7% during the 4th quarter. Bank of America Corp DE now owns 79,371 shares of the company's stock worth $560,000 after purchasing an additional 76,671 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Greenfire Resources during the 4th quarter worth approximately $1,178,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Greenfire Resources during the 4th quarter worth approximately $100,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Greenfire Resources during the 4th quarter worth approximately $1,155,000. Finally, Wexford Capital LP grew its stake in shares of Greenfire Resources by 39.2% during the 4th quarter. Wexford Capital LP now owns 1,092,071 shares of the company's stock worth $7,710,000 after purchasing an additional 307,456 shares during the period. 88.89% of the stock is owned by hedge funds and other institutional investors.

Greenfire Resources Price Performance

Greenfire Resources stock opened at $5.05 on Tuesday. The company's fifty day moving average price is $4.63 and its 200 day moving average price is $5.70. Greenfire Resources Ltd. has a 1 year low of $3.81 and a 1 year high of $8.16. The stock has a market capitalization of $350.88 million, a P/E ratio of 14.43 and a beta of 0.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.67.

Greenfire Resources (NYSE:GFR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.16). Greenfire Resources had a net margin of 5.02% and a return on equity of 5.40%. The company had revenue of $123.16 million during the quarter.

Wall Street Analysts Forecast Growth

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

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.

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