Greenfire Resources (NYSE:GFR) Now Covered by BMO Capital Markets

BMO Capital Markets assumed coverage on shares of Greenfire Resources (NYSE:GFR) in a report published on Thursday morning, Marketbeat.com reports. The firm issued an outperform rating and a $10.50 price objective on the stock.

Greenfire Resources Trading Down 0.3 %

GFR opened at $5.99 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.70 and a current ratio of 0.76. The stock’s 50 day simple moving average is $6.00 and its 200 day simple moving average is $5.69. Greenfire Resources has a 1-year low of $4.68 and a 1-year high of $9.90.

Greenfire Resources (NYSE:GFR) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.51) earnings per share for the quarter. The company had revenue of $149.09 million during the quarter.

Institutional Investors Weigh In On Greenfire Resources

Large investors have recently bought and sold shares of the stock. Scotia Capital Inc. acquired a new stake in Greenfire Resources during the 4th quarter valued at $222,000. K2 Principal Fund L.P. acquired a new stake in Greenfire Resources during the 3rd quarter valued at $226,000. Cantor Fitzgerald L. P. acquired a new stake in Greenfire Resources during the 4th quarter valued at $406,000. Nokomis Capital L.L.C. acquired a new stake in Greenfire Resources during the 1st quarter valued at $1,988,000. Finally, Sona Asset Management US LLC grew its holdings in Greenfire Resources by 1.1% during the 1st quarter. Sona Asset Management US LLC now owns 5,019,641 shares of the company’s stock valued at $29,992,000 after buying an additional 53,539 shares during the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.

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.