Greenfire Resources Ltd. (NYSE:GFR - Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 95,400 shares, a growth of 90.8% from the March 31st total of 50,000 shares. Based on an average daily volume of 96,700 shares, the short-interest ratio is currently 1.0 days. Approximately 0.5% of the shares of the company are sold short.
Greenfire Resources Stock Performance
Shares of NYSE GFR traded up $0.15 during midday trading on Friday, hitting $4.82. 32,801 shares of the company's stock traded hands, compared to its average volume of 99,004. The firm has a fifty day moving average of $5.17 and a 200 day moving average of $6.32. Greenfire Resources has a 1 year low of $4.36 and a 1 year high of $8.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.67. The stock has a market capitalization of $334.84 million, a price-to-earnings ratio of 13.77 and a beta of 0.31.
Greenfire Resources (NYSE:GFR - Get Free Report) last announced its earnings results on Monday, March 17th. The company reported $0.78 EPS for the quarter. The business had revenue of $149.31 million during the quarter. Greenfire Resources had a net margin of 5.02% and a return on equity of 5.40%.
Hedge Funds Weigh In On Greenfire Resources
Institutional investors and hedge funds have recently bought and sold shares of the stock. Beverly Hills Private Wealth LLC purchased a new position in shares of Greenfire Resources during the 1st quarter valued at about $216,000. Louisbourg Investments Inc. raised its stake in Greenfire Resources by 46.7% during the 1st quarter. Louisbourg Investments Inc. now owns 371,979 shares of the company's stock worth $2,207,000 after acquiring an additional 118,500 shares during the period. FNY Investment Advisers LLC lifted 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 in the last quarter. Wexford Capital LP boosted its position in shares of Greenfire Resources by 39.2% in the fourth 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. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Greenfire Resources in the fourth quarter worth $100,000. 88.89% of the stock is currently owned by hedge funds and other institutional investors.
About Greenfire Resources
(
Get 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.
Further Reading
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
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
