Greenfire Resources (GFR) Falls Following Rating Downgrade

The share price of Greenfire Resources Ltd. (NYSE:GFR) fell by 6.02% between September 18 and September 25, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Greenfire Resources (GFR) Falls Following Rating Downgrade

Greenfire Resources Ltd. (NYSE:GFR) is an oil sands producer that is actively developing its long-life and low-decline thermal oil assets in the Athabasca region of Alberta, Canada.

Greenfire Resources Ltd. (NYSE:GFR) took a hit after BMO Capital analyst Tariq Saad downgraded the stock from ‘Outperform’ to ‘Market Perform’, with a price target of C$8. The analyst expects the company to ‘materially outspend’ its cash flow next year, which would drive the company’s leverage higher, especially in a low-price environment.

READ NEXT: 15 Best Natural Gas and Oil Dividend Stocks to Buy Now and The 5 Energy Stocks Billionaires are Quietly Piling Into.

Disclosure: None.