Greenland Energy (NASDAQ:GLND) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Greenland Energy (NASDAQ:GLND) from a strong sell rating to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

Several other brokerages also recently commented on GLND. ThinkEquity started coverage on shares of Greenland Energy in a report on Monday, June 15th. They set a “buy” rating for the company. Weiss Ratings raised shares of Greenland Energy from a “sell (e)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Greenland Energy currently has an average rating of “Hold”.

Greenland Energy Stock Performance

GLND stock opened at $4.49 on Friday. Greenland Energy has a one year low of $1.09 and a one year high of $23.00. The company has a market capitalization of $196.35 million, a PE ratio of -26.41 and a beta of -2.64. The stock’s fifty day moving average is $1.89.

Greenland Energy (NASDAQ:GLND) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.13) earnings per share for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp bought a new position in Greenland Energy during the 2nd quarter worth $417,000. Squarepoint Ops LLC bought a new stake in shares of Greenland Energy in the second quarter valued at about $41,000. Resolute Advisors LLC acquired a new position in shares of Greenland Energy in the second quarter valued at about $163,000. PEAK6 LLC acquired a new position in shares of Greenland Energy in the second quarter valued at about $143,000. Finally, NewEdge Wealth LLC bought a new position in Greenland Energy during the second quarter worth about $33,000.

About Greenland Energy

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.