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 Ltd. 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. 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.
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