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

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

Other hedge funds also recently modified their holdings of the company. 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 valued at $97,000 after purchasing an additional 6,633 shares during the period. Wexford Capital LP lifted its position 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 valued at $7,710,000 after buying an additional 307,456 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Greenfire Resources during the 4th quarter worth $100,000. Citadel Advisors LLC increased its holdings in Greenfire Resources by 27.5% in the 4th quarter. Citadel Advisors LLC now owns 79,766 shares of the company's stock worth $563,000 after acquiring an additional 17,203 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. increased its holdings in Greenfire Resources by 41.0% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 930,592 shares of the company's stock worth $6,570,000 after acquiring an additional 270,773 shares during the last quarter. Institutional investors own 88.89% of the company's stock.

Analysts Set New Price Targets

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

Greenfire Resources Stock Performance

Shares of NYSE GFR traded down $0.02 during midday trading on Friday, hitting $4.93. The company's stock had a trading volume of 43,048 shares, compared to its average volume of 88,548. The firm has a market capitalization of $342.14 million, a price-to-earnings ratio of 2.66 and a beta of 0.25. The company has a current ratio of 1.65, a quick ratio of 1.51 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average price of $4.63 and a 200 day moving average price of $5.68. Greenfire Resources Ltd. has a one year low of $3.81 and a one year high of $8.16.

Greenfire Resources (NYSE:GFR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.16). The business had revenue of $123.16 million during the quarter. Greenfire Resources had a net margin of 23.73% and a return on equity of 23.94%.

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.