Wall Street Zen Upgrades Greenland Energy (NASDAQ:GLND) to Sell

Greenland Energy (NASDAQ:GLND) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Greenland Energy presently has a consensus rating of “Hold”.

Greenland Energy Stock Performance

Shares of NASDAQ GLND opened at $3.02 on Friday. The business’s fifty day moving average is $2.26. Greenland Energy has a 12-month low of $1.09 and a 12-month high of $23.00.

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

Institutional Inflows and Outflows

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

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.