Greenland Energy (NASDAQ:GLND) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen cut shares of Greenland Energy (NASDAQ:GLND) from a sell rating to a strong sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other brokerages also recently commented on GLND. Weiss Ratings upgraded Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. ThinkEquity started coverage on shares of Greenland Energy in a research report on Monday, June 15th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Greenland Energy presently has an average rating of “Hold”.

Greenland Energy Stock Performance

GLND stock opened at $2.51 on Friday. The stock’s 50 day moving average is $2.18. Greenland Energy has a 52 week low of $1.09 and a 52 week high of $23.00. The firm has a market capitalization of $109.76 million, a PE ratio of -14.76 and a beta of -5.84.

Greenland Energy (NASDAQ:GLND) last released its earnings results on Thursday, August 13th. The company reported ($0.13) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Greenland Energy

A number of large investors have recently added to or reduced their stakes in GLND. State Street Corp acquired a new position in Greenland Energy during the second quarter valued at approximately $417,000. Squarepoint Ops LLC acquired a new position in Greenland Energy in the 2nd quarter valued at $41,000. Resolute Advisors LLC bought a new position in Greenland Energy in the 2nd quarter worth $163,000. PEAK6 LLC acquired a new position in Greenland Energy during the 2nd quarter worth $143,000. Finally, NewEdge Wealth LLC bought a new stake in Greenland Energy during the second quarter valued at about $33,000.

Greenland Energy Company Profile

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.