Based on ratings from 0 stock analysts, the Greenfire Resources Ltd. Common Shares stock price is expected to increase by 27.99% in 12 months. This is calculated by using the average 12-month stock price forecast for Greenfire Resources Ltd. Common Shares. The lowest target is $9.33017 and the highest is $9.33017. Please note analyst price targets are not guaranteed and could be missed completely.
GFR is a stock in Energy which has been forecasted to be worth $9.33017 as an average. On the higher end, the forecast price is $9.33017 USD by from and on the lower end GFR is forecasted to be $9.33017 by from .
These are the latest 20 analyst ratings of GFR.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Tariq Saad BMO Capital | Outperform | $10.5 | Initiates | Jun 13, 2024 |
When did it IPO
2023
Staff Count
165
Country
Canada
Sector/Industry
Energy/Oil & Gas E&P
CEO
Mr. Robert B. Logan P.E., P.Eng.
Market Cap
$532.1M
In 2023, GFR generated $676.0M in revenue, which was a decrease of -32.33% from the previous year. This can be seen as a signal that GFR's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Greenfire Resources Ltd. has filed for an injunction to stop the sale of shares to limited partnerships managed by Waterous Energy Fund, involving former directors of the company.
Why It Matters - The legal action may impact Greenfire's stock price and investor confidence, as it raises concerns about governance and potential conflicts of interest involving major shareholders.
Summary - Greenfire Resources Ltd. (NYSE: GFR, TSX: GFR) announced an update on its strategic review and the timeline for assessing updated reserves in Alberta's Athabasca region.
Why It Matters - Greenfire Resources' update on its strategic review and reserves evaluation could signal potential changes in asset value and operational focus, impacting stock performance and investor sentiment.
Summary - Greenfire Resources Ltd. (NYSE: GFR, TSX: GFR) announced future growth plans focused on thermal energy resources in Alberta, indicating potential value for shareholders.
Why It Matters - Greenfire Resources' growth plans indicate potential revenue increases and enhanced shareholder value, signaling a positive outlook for investment in the company's future.
Summary - Greenfire Resources Ltd. will face a hearing on November 5, 2024, regarding an application to cease trade its shareholder protection rights plan, initiated by parties associated with Waterous Energy Fund.
Why It Matters - The ASC hearing on November 5 could impact Greenfire's shareholder rights plan, potentially altering control dynamics and investor sentiment, affecting stock performance and valuation.
Summary - Greenfire Resources Ltd. (NYSE: GFR, TSX: GFR) has applied to the Alberta Securities Commission to cease trade its shareholder protection rights plan, backed by certain limited partnerships and directors.
Why It Matters - The request to cease trade the Rights Plan signals potential governance changes and shareholder influence, impacting Greenfire's stock value and investor confidence.
Summary - Greenfire Resources Ltd. will have 43.3% of its common shares acquired by Waterous Energy Fund, as announced on September 16, 2024.
Why It Matters - The acquisition of 43.3% of Greenfire's shares by Waterous Energy Fund signals significant investor interest, potentially impacting share value and market confidence in the companyโs future.