Profire Energy (NASDAQ:PFIE) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.
PFIE has been the subject of a number of other research reports. Zacks Investment Research raised Profire Energy from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Roth Capital set a $5.00 price target on Profire Energy and gave the stock a “buy” rating in a research note on Sunday, May 20th.
Profire Energy opened at $5.16 on Wednesday, Marketbeat.com reports. The firm has a market capitalization of $238.20 million, a price-to-earnings ratio of 57.33 and a beta of 1.63. Profire Energy has a 12 month low of $1.19 and a 12 month high of $5.30.
Profire Energy (NASDAQ:PFIE) last posted its earnings results on Wednesday, May 9th. The oil and gas company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The business had revenue of $12.17 million during the quarter, compared to analyst estimates of $9.23 million. Profire Energy had a return on equity of 13.15% and a net margin of 13.43%. sell-side analysts expect that Profire Energy will post 0.2 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC boosted its stake in shares of Profire Energy by 1.2% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 1,385,925 shares of the oil and gas company’s stock worth $3,784,000 after buying an additional 16,040 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Profire Energy by 21.0% in the 4th quarter. Renaissance Technologies LLC now owns 681,800 shares of the oil and gas company’s stock worth $1,309,000 after buying an additional 118,465 shares during the last quarter. Perkins Capital Management Inc. boosted its stake in shares of Profire Energy by 8.2% in the 4th quarter. Perkins Capital Management Inc. now owns 569,481 shares of the oil and gas company’s stock worth $1,093,000 after buying an additional 43,000 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Profire Energy in the 1st quarter worth $328,000. Finally, Bailard Inc. purchased a new position in shares of Profire Energy in the 4th quarter worth $149,000. Hedge funds and other institutional investors own 23.10% of the company’s stock.
About Profire Energy
Profire Energy, Inc, an oilfield technology company, provides burner- and chemical-management products and services for the oil and gas industry primarily in the United States and Canada. It assists energy production companies in the production and transportation of oil and natural gas. The company offers burner-management systems to ignite, monitor, and manage the burner flames used in oilfield vessels, as well as complementary oilfield products, such as valves and fuel trains, airplates, solar packages, and flare stack igniters and nozzles.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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