Greenfire Resources (NYSE:GFR) Stock Price Down 9.5% – What’s Next?
by Renee Jackson · The Cerbat GemGreenfire Resources Ltd. (NYSE:GFR – Get Free Report)’s stock price traded down 9.5% during trading on Wednesday . The company traded as low as $5.91 and last traded at $6.02. 56,494 shares changed hands during trading, a decline of 68% from the average session volume of 174,966 shares. The stock had previously closed at $6.65.
Greenfire Resources Trading Up 2.7%
The business’s fifty day simple moving average is $6.21 and its 200 day simple moving average is $5.44. The stock has a market cap of $727.99 million, a P/E ratio of -64.49 and a beta of 0.26.
Greenfire Resources (NYSE:GFR – Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.22). Greenfire Resources had a negative return on equity of 4.33% and a negative net margin of 7.55%.The company had revenue of $100.73 million for the quarter.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Deltroit Asset Management UK LLP bought a new position in shares of Greenfire Resources in the 4th quarter valued at about $48,000. Raffles Associates LP bought a new position in shares of Greenfire Resources in the 4th quarter valued at about $50,000. WINTON GROUP Ltd bought a new position in shares of Greenfire Resources in the 4th quarter valued at about $64,000. Jane Street Group LLC bought a new position in shares of Greenfire Resources in the 4th quarter valued at about $74,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Greenfire Resources in the 3rd quarter valued at about $91,000. Institutional investors own 88.89% of the company’s stock.
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. The company is headquartered in Calgary, Canada.