Luxor Capital Group LP grew its stake in Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 8.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,948,026 shares of the company's stock after purchasing an additional 159,900 shares during the quarter. Greenfire Resources makes up approximately 0.9% of Luxor Capital Group LP's holdings, making the stock its 13th biggest holding. Luxor Capital Group LP owned about 2.84% of Greenfire Resources worth $13,149,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Scotia Capital Inc. bought a new stake in shares of Greenfire Resources during the 4th quarter valued at about $222,000. K2 Principal Fund L.P. grew its position in shares of Greenfire Resources by 146.3% during the 2nd quarter. K2 Principal Fund L.P. now owns 50,003 shares of the company's stock valued at $338,000 after buying an additional 29,700 shares during the last quarter. Perritt Capital Management Inc bought a new stake in shares of Greenfire Resources during the 2nd quarter valued at about $384,000. Cantor Fitzgerald L. P. bought a new position in Greenfire Resources in the 4th quarter worth about $406,000. Finally, Renaissance Technologies LLC bought a new position in Greenfire Resources in the 2nd quarter worth about $491,000. Institutional investors and hedge funds own 88.89% of the company's stock.
Analysts Set New Price Targets
Separately, BMO Capital Markets began coverage on shares of Greenfire Resources in a research report on Thursday, June 13th. They issued an "outperform" rating and a $10.50 target price for the company.
Get Our Latest Report on Greenfire Resources
Greenfire Resources Price Performance
NYSE GFR remained flat at $7.45 on Friday. 96,073 shares of the company's stock traded hands, compared to its average volume of 59,432. Greenfire Resources Ltd. has a 1 year low of $4.68 and a 1 year high of $8.03. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. The firm's 50 day simple moving average is $7.05 and its 200-day simple moving average is $6.48.
Greenfire Resources (NYSE:GFR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.31 earnings per share (EPS) for the quarter. The company had revenue of $160.39 million during the quarter.
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.
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