Greenfire Resources (NYSE:GFR) Upgraded to Strong-Buy at TD Securities

TD Securities upgraded shares of Greenfire Resources (NYSE:GFR) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

Several other brokerages have also weighed in on GFR. Weiss Ratings lowered shares of Greenfire Resources from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Royal Bank Of Canada started coverage on shares of Greenfire Resources in a report on Monday, July 6th. They set a “hold” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Greenfire Resources Stock Performance

Shares of NYSE GFR opened at $6.50 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $815.79 million, a P/E ratio of -72.27 and a beta of 0.20. Greenfire Resources has a 12 month low of $4.14 and a 12 month high of $7.02. The stock has a 50 day moving average of $5.85 and a 200-day moving average of $5.86.

Greenfire Resources (NYSE:GFR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.48). Greenfire Resources had a negative net margin of 7.55% and a negative return on equity of 4.20%. The business had revenue of $34.81 million for the quarter, compared to analyst estimates of $104.27 million.

Institutional Investors Weigh In On Greenfire Resources

Institutional investors have recently modified their holdings of the business. Deltroit Asset Management UK LLP acquired a new position in shares of Greenfire Resources in the fourth quarter valued at about $48,000. Raffles Associates LP acquired a new stake in Greenfire Resources in the 4th quarter worth about $50,000. WINTON GROUP Ltd bought a new stake in Greenfire Resources in the 4th quarter valued at about $64,000. Jane Street Group LLC bought a new stake in Greenfire Resources in the 4th quarter valued at about $74,000. Finally, Renaissance Technologies LLC boosted its holdings in Greenfire Resources by 15.9% in the 4th quarter. Renaissance Technologies LLC now owns 128,300 shares of the company’s stock valued at $611,000 after purchasing an additional 17,600 shares during the period. Institutional investors own 88.89% of the company’s stock.

About Greenfire Resources

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.