Encompass Capital Advisors LLC Decreases Stock Holdings in Greenfire Resources Ltd. (NYSE:GFR)

Encompass Capital Advisors LLC trimmed its position in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,048,933 shares of the company's stock after selling 318,359 shares during the quarter. Encompass Capital Advisors LLC owned 5.83% of Greenfire Resources worth $28,585,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in shares of Greenfire Resources in the third quarter worth about $29,000. Northwest & Ethical Investments L.P. bought a new position in shares of Greenfire Resources in the fourth quarter worth about $45,000. Cubist Systematic Strategies LLC bought a new position in shares of Greenfire Resources in the fourth quarter worth about $100,000. Jane Street Group LLC bought a new position in shares of Greenfire Resources in the third quarter worth about $111,000. Finally, Jump Financial LLC bought a new position in shares of Greenfire Resources in the fourth quarter worth about $107,000. 88.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Greenfire Resources Trading Down 1.2%

Shares of NYSE GFR traded down $0.05 during mid-day trading on Wednesday, reaching $4.22. The company had a trading volume of 24,706 shares, compared to its average volume of 96,001. The business's 50-day moving average is $4.99 and its 200-day moving average is $6.19. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. The stock has a market cap of $293.15 million, a price-to-earnings ratio of 12.06 and a beta of 0.31. 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 issued 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). Greenfire Resources had a return on equity of 5.40% and a net margin of 5.02%. The business had revenue of $123.16 million for the quarter.

Greenfire Resources 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.