Renaissance Technologies LLC Makes New Investment in Greenfire Resources Ltd. (NYSE:GFR)

Renaissance Technologies LLC bought a new stake in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 72,800 shares of the company's stock, valued at approximately $491,000. Renaissance Technologies LLC owned approximately 0.11% of Greenfire Resources at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GFR. Perritt Capital Management Inc bought a new stake in Greenfire Resources in the second quarter valued at $384,000. BW Gestao de Investimentos Ltda. bought a new stake in Greenfire Resources in the 2nd quarter valued at about $1,120,000. NewGen Asset Management Ltd acquired a new position in Greenfire Resources during the 2nd quarter worth approximately $878,000. Sona Asset Management US LLC boosted its holdings in Greenfire Resources by 1.1% in the first quarter. Sona Asset Management US LLC now owns 5,019,641 shares of the company's stock worth $29,992,000 after acquiring an additional 53,539 shares in the last quarter. Finally, Nokomis Capital L.L.C. acquired a new stake in Greenfire Resources in the first quarter valued at approximately $1,988,000. 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 Greenfire Resources in a report on Thursday, June 13th. They issued an "outperform" rating and a $10.50 target price on the stock.

Greenfire Resources Stock Performance

Shares of NYSE GFR traded up $0.06 during mid-day trading on Thursday, reaching $7.94. 100,049 shares of the company's stock traded hands, compared to its average volume of 65,419. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The business has a 50-day simple moving average of $7.12 and a 200 day simple moving average of $6.63. Greenfire Resources Ltd. has a 1-year low of $4.68 and a 1-year high of $8.04.

Greenfire Resources (NYSE:GFR - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.31 earnings per share (EPS) for the quarter. The company had revenue of $160.39 million for the quarter.

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.