Encompass Capital Advisors LLC reduced its position in Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 7.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,048,933 shares of the company's stock after selling 318,359 shares during the period. Encompass Capital Advisors LLC owned 5.83% of Greenfire Resources worth $28,585,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in Greenfire Resources in the 3rd quarter worth approximately $29,000. Northwest & Ethical Investments L.P. acquired a new stake in Greenfire Resources in the 4th quarter worth approximately $45,000. Cubist Systematic Strategies LLC acquired a new stake in Greenfire Resources during the 4th quarter valued at approximately $100,000. Jump Financial LLC acquired a new stake in Greenfire Resources during the 4th quarter valued at approximately $107,000. Finally, Jane Street Group LLC acquired a new stake in Greenfire Resources during the 3rd quarter valued at approximately $111,000. 88.89% of the stock is currently owned by institutional investors.
Greenfire Resources Stock Performance
Shares of NYSE:GFR traded down $0.24 during trading on Friday, hitting $4.16. 189,838 shares of the stock traded hands, compared to its average volume of 102,114. 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 company has a market cap of $288.99 million, a price-to-earnings ratio of 11.89 and a beta of 0.31. The company has a fifty day moving average price of $5.03 and a two-hundred day moving average price of $6.22. Greenfire Resources Ltd. has a 52-week low of $3.81 and a 52-week high of $8.16.
Greenfire Resources (NYSE:GFR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.16). The firm had revenue of $123.16 million for the quarter. Greenfire Resources had a net margin of 5.02% and a return on equity of 5.40%.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets reaffirmed an "outperform" rating on shares of Greenfire Resources in a report on Wednesday.
Check Out Our Latest Stock Report on GFR
Greenfire Resources Company Profile
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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.
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