Cubist Systematic Strategies LLC Acquires New Stake in Greenfire Resources Ltd. (NYSE:GFR)

Cubist Systematic Strategies LLC acquired a new stake in Greenfire Resources Ltd. (NYSE:GFR) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 14,192 shares of the company’s stock, valued at approximately $100,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GFR. JPMorgan Chase & Co. purchased a new position in Greenfire Resources in the 3rd quarter valued at $29,000. Northwest & Ethical Investments L.P. acquired a new stake in Greenfire Resources in the fourth quarter valued at $45,000. Jump Financial LLC acquired a new stake in Greenfire Resources in the fourth quarter valued at $107,000. Dimensional Fund Advisors LP acquired a new stake in Greenfire Resources in the fourth quarter valued at $138,000. Finally, LPL Financial LLC acquired a new stake in Greenfire Resources in the fourth quarter valued at $270,000. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

Greenfire Resources Stock Up 0.7%

GFR opened at $4.50 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.67 and a quick ratio of 0.58. The stock has a market capitalization of $312.61 million, a price-to-earnings ratio of 12.86 and a beta of 0.31. The business has a 50-day moving average of $4.94 and a two-hundred day moving average of $6.10. Greenfire Resources Ltd. has a 12 month low of $3.81 and a 12 month high of $8.16.

Greenfire Resources (NYSE:GFR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.16). Greenfire Resources had a net margin of 5.02% and a return on equity of 5.40%. The business had revenue of $123.16 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Greenfire Resources in a research report on Wednesday, May 7th.

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.