686,887 Shares in Greenfire Resources Ltd. $GFR Acquired by Saber Capital Managment LLC

Saber Capital Managment LLC purchased a new position in shares of Greenfire Resources Ltd. (NYSE:GFR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 686,887 shares of the company’s stock, valued at approximately $3,270,000. Greenfire Resources makes up 2.7% of Saber Capital Managment LLC’s investment portfolio, making the stock its 11th biggest position.

Several other large investors have also recently made changes to their positions in GFR. Royal Bank of Canada increased its position in shares of Greenfire Resources by 6,363.6% during the first quarter. Royal Bank of Canada now owns 56,750 shares of the company’s stock worth $333,000 after purchasing an additional 55,872 shares in the last quarter. BW Gestao de Investimentos Ltda. increased its position in shares of Greenfire Resources by 95.8% during the second quarter. BW Gestao de Investimentos Ltda. now owns 3,296,823 shares of the company’s stock worth $14,704,000 after purchasing an additional 1,613,198 shares in the last quarter. MMCAP International Inc. SPC purchased a new stake in shares of Greenfire Resources during the third quarter worth approximately $1,148,000. UBS Group AG increased its position in shares of Greenfire Resources by 14.0% during the third quarter. UBS Group AG now owns 607,419 shares of the company’s stock worth $2,806,000 after purchasing an additional 74,522 shares in the last quarter. Finally, Louisbourg Investments Inc. increased its position in shares of Greenfire Resources by 12.0% during the fourth quarter. Louisbourg Investments Inc. now owns 597,344 shares of the company’s stock worth $2,855,000 after purchasing an additional 63,965 shares in the last quarter. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

Greenfire Resources Stock Down 0.4%

Shares of NYSE:GFR opened at $5.74 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.66 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $6.01 and a two-hundred day moving average of $5.63. The stock has a market cap of $719.23 million, a P/E ratio of -63.72 and a beta of 0.20. Greenfire Resources Ltd. has a 52-week low of $4.10 and a 52-week high of $7.02.

Greenfire Resources (NYSE:GFR) last issued its earnings results on Thursday, March 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.22). The company had revenue of $100.73 million during the quarter. Greenfire Resources had a negative net margin of 7.55% and a negative return on equity of 4.20%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Greenfire Resources from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Greenfire Resources 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.