How to Buy Greenfire Resources Stock
Greenfire Resources Ltd
Greenfire Resources is a oil and gas company located in Alberta, Canada, which is part of the Energy sector, and is traded under the ticker GFR on the NYSE exchange.
Greenfire Resources stock last closed at $5.98, up 1.7% from the previous day, and has decreased N/A in one year. It has underperformed other stocks in the Oil & Gas E&P industry by N/A percentage points. Greenfire Resources stock is currently +27.78% from its 52-week low of $4.68, and -39.6% from its 52-week high of $9.90.
As of May 10, 2024, there are 68.64M GFR shares outstanding. The market value of GFR is $410.48M. In the last 24 hours, 54,448 GFR shares were traded.
How to Buy Greenfire Resources Stock
Wondering how to invest in Greenfire Resources stock? Here's how.
- Choose where to buy Greenfire Resources stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Greenfire Resources stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Select your method of payment and add your details.
- Analyze Greenfire Resources stock: The Greenfire Resources ticker symbol is GFR. Is Greenfire Resources stock a good investment? Should you buy shares of GFR? How do GFR's underlying business fundamentals look? Do top analysts think Greenfire Resources is a good buy? Why has GFR's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if GFR is a good stock to buy).
- Place your GFR buy order: Decide if you will purchase GFR shares at the current market price or use a limit order to buy GFR shares at a particular price.
- Keep an eye on your investment in GFR: Create a watchlist to key updates about your new investment in Greenfire Resources shares.
Step 1: Choose where to buy Greenfire Resources stock
You need an online brokerage account in order to access the NYSE market and buy GFR shares.
Our preferred brokerage: eToro
Based on our experience, eToro is the best online stock brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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- Social investing: eToro boasts a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal details so you are able to invest in GFR today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create a new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have filled out your info on a good stock buying app, you need to deposit funds:
Watch the walkthrough below if you need help transferring funds into your new brokerage account.
Step 4: Analyze Greenfire Resources stock
Once you have figured out the best place to buy Greenfire Resources stock, it's absolutely critical to evaluate their stock prior to buying, so you actually comprehend the risk as well as the upside.
Greenfire Resources Numbers
GFR Zen Score
WallStreetZen was designed to help part-time investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on GFR's stock page.
What is the fair value of GFR stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge GFR's fair value.
Using relative valuations measures:
- GFR could be undervalued based on its P/B ratio of 0.8x, relative to Oil & Gas E&P industry P/B ratio of 2.05x
You can do more valuation research on GFR's stock here.
A look at GFR Cashflows and Balance Sheet
Pros:
- GFR's operating cash flow of $63.64M allows it to safely service it's debt of $286.82M.
- There are more short-term assets than short-term liabilities on the GFR balance sheet.
Cons:
- GFR has a relatively high debt to equity ratio of 0.69.
- GFR earnings of -$4.46M is not sufficient to cover its interest payments.
- There are more long-term liabilities than short-term assets on the GFR balance sheet.
- GFR profit margin has gone down from 15.9% to -20.3% in the past year.
GFR Technicals
GFR Earnings
Last year, GFR revenue was $491.67M. During the last two year, GFR's revenue has gone up by 70.32% per year. This was faster than the Oil & Gas E&P industry average of 19%.
Find out more about GFR's earnings and revenue performance here.
What are GFR executives and large shareholders up to?
Over the last 12 months, executives and large shareholders at GFR have not bought or sold any shares.
Dig into more about who owns GFR stock here.
Does GFR provide a stable income stream?
No, Greenfire Resources doesn't provide an income stream by paying out dividends.
What others are saying about GFR
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your GFR buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.
Click the Open button and eToro will place your order.
If you require additional help buying stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your investment in GFR
Now that you own some shares in GFR, you'll want to keep up with your new investment.
Add GFR to a watchlist to get notified of the latest news about your GFR stock.
GFR Feed
How to Buy Stock in Greenfire Resources
To summarize, here are the 6 steps to buy Greenfire Resources stock:
- Choose where to buy Greenfire Resources stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Analyze Greenfire Resources stock
- Place your GFR buy order
- Keep an eye on your investment in GFR
If you require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get updates on your investment in Greenfire Resources, create a watchlist today.
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