Greenfire Resources Earns Outperform Rating from Analysts at BMO Capital Markets - MarketBeat
| GFR Stock | 10.01 0.26 2.53% |
About 62% of Greenfire Resources' investor base is looking to short. The current sentiment of investing in Greenfire Resources suggests that many traders are alarmed. Greenfire Resources' investing sentiment overview a quick insight into current market opportunities from investing in Greenfire Resources. Many technical investors use Greenfire Resources stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Greenfire Resources Earns Outperform Rating from Analysts at BMO Capital Markets MarketBeat
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Greenfire Resources Fundamental Analysis
We analyze Greenfire Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Greenfire Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Greenfire Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Greenfire Resources is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Greenfire Resources Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Greenfire Resources stock to make a market-neutral strategy. Peer analysis of Greenfire Resources could also be used in its relative valuation, which is a method of valuing Greenfire Resources by comparing valuation metrics with similar companies.
Peers
Greenfire Resources Related Equities
| CNQ | Canadian Natural | 1.93 | ||||
| MEG | MEG Energy | 0.92 | ||||
| PSK | PrairieSky Royalty | 0.44 | ||||
| OVV | Ovintiv | 0.43 | ||||
| WCP | Whitecap Resources | 0.39 | ||||
| ARX | ARC Resources | 0.24 | ||||
| TOU | Tourmaline Oil | 0.26 | ||||
| POU | Paramount Resources | 1.08 |
Check out Greenfire Resources Hype Analysis, Greenfire Resources Correlation and Greenfire Resources Performance. To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.