Greenfire Resources (NYSE:GFR) Announces Earnings Results, Beats Estimates By $998.92 EPS

Greenfire Resources (NYSE:GFR) released its earnings results on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $998.92, Zacks reports. Greenfire Resources had a return on equity of 5.03% and a net margin of 8.01%.

Greenfire Resources Trading Down 3.1%

NYSE:GFR traded down $0.18 during midday trading on Thursday, reaching $5.67. The company had a trading volume of 148,189 shares, compared to its average volume of 179,084. The firm has a market capitalization of $710.57 million, a price-to-earnings ratio of 11.56 and a beta of 0.26. The stock’s fifty day simple moving average is $6.21 and its 200-day simple moving average is $5.43. Greenfire Resources has a 12-month low of $3.93 and a 12-month high of $7.02.

Institutional Trading of Greenfire Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raffles Associates LP acquired a new stake in Greenfire Resources in the fourth quarter valued at $50,000. WINTON GROUP Ltd acquired a new stake in Greenfire Resources in the fourth quarter valued at $64,000. Jane Street Group LLC acquired a new stake in Greenfire Resources in the fourth quarter valued at $74,000. Renaissance Technologies LLC raised its stake in Greenfire Resources by 15.9% in the fourth quarter. Renaissance Technologies LLC now owns 128,300 shares of the company’s stock valued at $611,000 after buying an additional 17,600 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Greenfire Resources by 158.7% in the fourth quarter. Royal Bank of Canada now owns 42,290 shares of the company’s stock valued at $201,000 after buying an additional 25,940 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.

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. The company is headquartered in Calgary, Canada.