Greenfire Resources Ltd. $GFR Position Increased by Aegis Financial Corp

Aegis Financial Corp lifted its holdings in Greenfire Resources Ltd. (NYSE:GFR) by 133.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 417,548 shares of the company’s stock after buying an additional 238,417 shares during the quarter. Greenfire Resources makes up 0.4% of Aegis Financial Corp’s portfolio, making the stock its 24th biggest position. Aegis Financial Corp’s holdings in Greenfire Resources were worth $2,639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GFR. BW Gestao de Investimentos Ltda. grew its position in shares of Greenfire Resources by 95.8% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 3,296,823 shares of the company’s stock valued at $14,704,000 after buying an additional 1,613,198 shares during the last quarter. Moerus Capital Management LLC bought a new position in Greenfire Resources in the fourth quarter worth about $8,082,000. Bank of Montreal Can lifted its holdings in Greenfire Resources by 165.8% in the fourth quarter. Bank of Montreal Can now owns 1,012,920 shares of the company’s stock worth $4,821,000 after acquiring an additional 631,848 shares during the last quarter. K2 Principal Fund L.P. boosted its stake in Greenfire Resources by 88.8% in the fourth quarter. K2 Principal Fund L.P. now owns 845,285 shares of the company’s stock valued at $4,024,000 after acquiring an additional 397,685 shares during the period. Finally, Saber Capital Managment LLC acquired a new position in Greenfire Resources in the fourth quarter valued at approximately $3,270,000. 88.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on GFR shares. Weiss Ratings cut Greenfire Resources from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. TD Securities assumed coverage on Greenfire Resources in a report on Tuesday, June 16th. They issued a “buy” rating on the stock. Finally, Royal Bank Of Canada assumed coverage on Greenfire Resources in a research report on Monday, July 6th. They set a “hold” rating for the company. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Greenfire Resources has a consensus rating of “Hold”.

Greenfire Resources Trading Up 3.3%

Shares of NYSE:GFR opened at $6.62 on Thursday. 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 company’s 50-day moving average price is $5.84 and its 200 day moving average price is $5.84. The company has a market cap of $830.21 million, a PE ratio of -73.55 and a beta of 0.20. Greenfire Resources Ltd. has a fifty-two week low of $4.14 and a fifty-two week high of $7.02.

Greenfire Resources (NYSE:GFR) last posted its earnings results on Tuesday, May 5th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.48). Greenfire Resources had a negative return on equity of 4.20% and a negative net margin of 7.55%.The firm had revenue of $34.81 million during the quarter, compared to the consensus estimate of $104.27 million.

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.