Greenfire Resources Ltd. (NYSE:GFR) Shares Bought by Louisbourg Investments Inc.

Louisbourg Investments Inc. grew its holdings in shares of Greenfire Resources Ltd. (NYSE:GFR) by 46.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 371,979 shares of the company’s stock after purchasing an additional 118,500 shares during the quarter. Louisbourg Investments Inc.’s holdings in Greenfire Resources were worth $2,207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FNY Investment Advisers LLC boosted its stake in Greenfire Resources by 66.3% during the 1st quarter. FNY Investment Advisers LLC now owns 16,633 shares of the company’s stock worth $97,000 after purchasing an additional 6,633 shares during the last quarter. Wexford Capital LP boosted its stake in Greenfire Resources by 39.2% during the 4th quarter. Wexford Capital LP now owns 1,092,071 shares of the company’s stock worth $7,710,000 after purchasing an additional 307,456 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Greenfire Resources during the 4th quarter worth $100,000. Citadel Advisors LLC raised its holdings in shares of Greenfire Resources by 27.5% during the 4th quarter. Citadel Advisors LLC now owns 79,766 shares of the company’s stock worth $563,000 after acquiring an additional 17,203 shares during the period. Finally, BW Gestao de Investimentos Ltda. raised its holdings in shares of Greenfire Resources by 41.0% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 930,592 shares of the company’s stock worth $6,570,000 after acquiring an additional 270,773 shares during the period. Institutional investors and hedge funds own 88.89% of the company’s stock.

Wall Street Analyst Weigh In

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

Greenfire Resources Stock Down 1.3%

NYSE GFR opened at $5.05 on Tuesday. Greenfire Resources Ltd. has a 52 week low of $3.81 and a 52 week high of $8.16. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $4.63 and its 200-day simple moving average is $5.70. The firm has a market cap of $350.88 million, a PE ratio of 14.43 and a beta of 0.25.

Greenfire Resources (NYSE:GFR) last issued its quarterly earnings data 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). The company had revenue of $123.16 million during the quarter. Greenfire Resources had a net margin of 5.02% and a return on equity of 5.40%.

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.