Militia Capital Management LLC Acquires New Holdings in Greenfire Resources Ltd. $GFR

Militia Capital Management LLC acquired a new position in Greenfire Resources Ltd. (NYSE:GFR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 259,000 shares of the company’s stock, valued at approximately $1,637,000.

Other hedge funds also recently bought and sold shares of the company. Moerus Capital Management LLC raised its position in shares of Greenfire Resources by 37.9% in the 1st quarter. Moerus Capital Management LLC now owns 2,335,804 shares of the company’s stock worth $14,838,000 after acquiring an additional 642,312 shares in the last quarter. Aegis Financial Corp lifted its stake in shares of Greenfire Resources by 133.1% during the 1st quarter. Aegis Financial Corp now owns 417,548 shares of the company’s stock worth $2,639,000 after purchasing an additional 238,417 shares during the last quarter. Saber Capital Managment LLC bought a new stake in Greenfire Resources during the fourth quarter valued at about $3,270,000. K2 Principal Fund L.P. grew 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 purchasing an additional 397,685 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Greenfire Resources by 15.9% in the fourth quarter. Renaissance Technologies LLC now owns 128,300 shares of the company’s stock worth $611,000 after purchasing an additional 17,600 shares in the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

Greenfire Resources Stock Up 0.1%

Greenfire Resources stock opened at $6.34 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.66 and a quick ratio of 0.54. The stock has a market capitalization of $795.58 million, a price-to-earnings ratio of -70.48 and a beta of 0.20. Greenfire Resources Ltd. has a 1-year low of $4.14 and a 1-year high of $7.02. The business has a fifty day moving average price of $5.87 and a 200-day moving average price of $5.93.

Greenfire Resources (NYSE:GFR) last announced its earnings results on Tuesday, May 5th. The company reported ($0.42) earnings per share 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 business had revenue of $34.81 million for the quarter, compared to analysts’ expectations of $104.27 million.

Analyst Ratings Changes

GFR has been the subject of several analyst reports. Royal Bank Of Canada assumed coverage on shares of Greenfire Resources in a research report on Monday, July 6th. They set a “hold” rating for the company. TD Securities raised shares of Greenfire Resources to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings lowered shares of Greenfire Resources from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.