Saber Capital Managment LLC Purchases New Position in Greenfire Resources Ltd. $GFR

Saber Capital Managment LLC purchased a new stake in shares of Greenfire Resources Ltd. (NYSE:GFR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 portfolio, making the stock its 11th biggest position. Saber Capital Managment LLC owned 0.99% of Greenfire Resources at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GFR. Moerus Capital Management LLC purchased a new position in Greenfire Resources during the fourth quarter valued at approximately $8,082,000. BW Gestao de Investimentos Ltda. raised its position in 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 valued at $14,704,000 after acquiring an additional 1,613,198 shares in the last quarter. Bank of Montreal Can raised its position in Greenfire Resources by 165.8% during the fourth quarter. Bank of Montreal Can now owns 1,012,920 shares of the company’s stock valued at $4,821,000 after acquiring an additional 631,848 shares in the last quarter. K2 Principal Fund L.P. increased its position in shares of 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 buying an additional 397,685 shares in the last quarter. Finally, MMCAP International Inc. SPC purchased a new stake in shares of Greenfire Resources in the third quarter valued at approximately $1,148,000. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

Greenfire Resources Stock Down 0.4%

Greenfire Resources stock opened at $5.74 on Monday. The stock has a market capitalization of $719.23 million, a PE ratio of -63.72 and a beta of 0.20. Greenfire Resources Ltd. has a 12 month low of $4.10 and a 12 month high of $7.02. The business has a 50 day simple moving average of $6.01 and a 200-day simple moving average of $5.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.66 and a quick ratio of 0.54.

Greenfire Resources (NYSE:GFR) last posted its quarterly earnings data on Thursday, March 12th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.22). The business 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%.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Greenfire Resources has a consensus rating of “Reduce”.

About Greenfire Resources

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.