Greenfire Resources (NYSE:GFR) Releases Quarterly Earnings Results, Beats Expectations By $998.92 EPS

Greenfire Resources (NYSE:GFR) released its earnings results on Tuesday. The company reported $999.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $998.92, Zacks reports. Greenfire Resources had a return on equity of 5.03% and a net margin of 8.01%.

Greenfire Resources Price Performance

NYSE:GFR traded up $0.15 during trading hours on Tuesday, hitting $6.64. The company’s stock had a trading volume of 227,165 shares, compared to its average volume of 176,984. The stock has a fifty day simple moving average of $6.20 and a 200-day simple moving average of $5.41. The company has a market capitalization of $833.20 million, a P/E ratio of 13.56 and a beta of 0.26. Greenfire Resources has a twelve month low of $3.81 and a twelve month high of $7.02.

Institutional Trading of Greenfire Resources

Several large investors have recently bought and sold shares of the business. Raffles Associates LP acquired a new stake in Greenfire Resources in the fourth quarter valued at about $50,000. WINTON GROUP Ltd acquired a new position in Greenfire Resources during the 4th quarter worth approximately $64,000. Jane Street Group LLC acquired a new position in Greenfire Resources during the 4th quarter worth approximately $74,000. Renaissance Technologies LLC increased its position in Greenfire Resources by 15.9% during the 4th quarter. Renaissance Technologies LLC now owns 128,300 shares of the company’s stock worth $611,000 after purchasing an additional 17,600 shares in the last quarter. Finally, Royal Bank of Canada increased its position in Greenfire Resources by 158.7% during the 4th quarter. Royal Bank of Canada now owns 42,290 shares of the company’s stock worth $201,000 after purchasing an additional 25,940 shares in the last quarter. 88.89% of the stock is owned by institutional investors and hedge funds.

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.