Reviewing Greenfire Resources (GFR) & The Competition

Greenfire Resources (NYSE:GFR) is one of 1,051 public companies in the “Oil, Gas & Consumable Fuels” industry, but how does it weigh in compared to its peers? We will compare Greenfire Resources to related companies based on the strength of its valuation, institutional ownership, analyst recommendations, risk, earnings, dividends and profitability.

Profitability

This table compares Greenfire Resources and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Greenfire Resources	-6.92%	-4.36%	-3.81%
Greenfire Resources Competitors	-455.77%	19.32%	6.65%

Volatility and Risk

Greenfire Resources has a beta of 0.16, suggesting that its share price is 84% less volatile than the S&P 500. Comparatively, Greenfire Resources’ peers have a beta of -3.75, suggesting that their average share price is 475% less volatile than the S&P 500.

Analyst Recommendations

This is a summary of current recommendations and price targets for Greenfire Resources and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Greenfire Resources	2	2	0	0	1.50
Greenfire Resources Competitors	5998	27052	40921	2431	2.52

Greenfire Resources currently has a consensus price target of $11.50, suggesting a potential upside of 49.25%. As a group, “Oil, Gas & Consumable Fuels” companies have a potential upside of 27.07%. Given Greenfire Resources’ higher probable upside, equities research analysts clearly believe Greenfire Resources is more favorable than its peers.

Valuation and Earnings

This table compares Greenfire Resources and its peers top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Greenfire Resources	$431.77 million	$34.00 million	-25.68
Greenfire Resources Competitors	$273.20 billion	$5.52 billion	-1.02

Greenfire Resources’ peers have higher revenue and earnings than Greenfire Resources. Greenfire Resources is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Institutional and Insider Ownership

88.9% of Greenfire Resources shares are held by institutional investors. Comparatively, 30.8% of shares of all “Oil, Gas & Consumable Fuels” companies are held by institutional investors. 20.0% of Greenfire Resources shares are held by insiders. Comparatively, 15.3% of shares of all “Oil, Gas & Consumable Fuels” companies are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Summary

Greenfire Resources peers beat Greenfire Resources on 8 of the 13 factors compared.

Greenfire Resources Company Profile

Greenfire Resources Ltd. is a Canadian energy company focused on developing and producing bitumen from oil sands in Alberta. Its operations use steam-assisted gravity drainage (SAGD), a thermal recovery method used to extract bitumen from underground deposits. The company’s principal asset is the Hangingstone oil sands project, south of Fort McMurray. Greenfire’s production is bitumen, which can be processed or blended for transportation and refining. Greenfire’s business is concentrated in Alberta, where it operates and seeks to develop its thermal oil sands assets.