Ninepoint Partners LP trimmed its position in Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 28.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,000,000 shares of the company's stock after selling 800,000 shares during the quarter. Greenfire Resources accounts for 2.1% of Ninepoint Partners LP's holdings, making the stock its 11th largest holding. Ninepoint Partners LP owned 2.88% of Greenfire Resources worth $14,120,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in shares of Greenfire Resources during the third quarter worth $29,000. The Manufacturers Life Insurance Company bought a new stake in shares of Greenfire Resources during the third quarter worth $82,000. Jane Street Group LLC bought a new stake in shares of Greenfire Resources during the third quarter worth $111,000. Walleye Capital LLC bought a new stake in shares of Greenfire Resources during the third quarter worth $278,000. Finally, Louisbourg Investments Inc. bought a new stake in shares of Greenfire Resources during the fourth quarter worth $1,787,000. 88.89% of the stock is owned by institutional investors.
Greenfire Resources Price Performance
Shares of NYSE GFR traded up $0.03 during midday trading on Thursday, reaching $5.18. 59,864 shares of the company were exchanged, compared to its average volume of 90,647. The stock's 50-day moving average price is $6.23 and its 200-day moving average price is $6.86. The stock has a market cap of $359.84 million, a P/E ratio of 14.80 and a beta of 0.29. Greenfire Resources Ltd. has a one year low of $4.82 and a one year 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.
Greenfire Resources (NYSE:GFR - Get Free Report) last issued its quarterly earnings results on Monday, March 17th. The company reported $0.78 EPS for the quarter. The company had revenue of $149.31 million for the quarter. Greenfire Resources had a net margin of 5.02% and a return on equity of 5.40%.
Greenfire Resources Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider Greenfire Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Greenfire Resources wasn't on the list.
While Greenfire Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
