Shares of Profire Energy, Inc. (NASDAQ:PFIE) have been given an average recommendation of “Hold” by the six brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $5.00.
Several research firms have weighed in on PFIE. ValuEngine downgraded Profire Energy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded Profire Energy from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Chardan Capital reissued a “hold” rating on shares of Profire Energy in a research report on Tuesday, May 14th. Finally, TheStreet downgraded Profire Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, May 21st.
NASDAQ PFIE traded down $0.09 during mid-day trading on Thursday, hitting $1.51. The stock had a trading volume of 172,500 shares, compared to its average volume of 172,127. Profire Energy has a 52-week low of $1.30 and a 52-week high of $4.45. The firm has a market cap of $75.70 million, a P/E ratio of 12.58 and a beta of 1.99. The stock has a 50 day moving average price of $1.48.
Profire Energy (NASDAQ:PFIE) last released its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $10.83 million during the quarter, compared to analysts’ expectations of $11.23 million. Profire Energy had a net margin of 13.26% and a return on equity of 13.03%. As a group, sell-side analysts anticipate that Profire Energy will post 0.14 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Quad Capital Management Advisors LLC lifted its stake in shares of Profire Energy by 47.5% during the fourth quarter. Quad Capital Management Advisors LLC now owns 19,129 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 6,160 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Profire Energy during the fourth quarter worth about $40,000. Rhumbline Advisers lifted its stake in shares of Profire Energy by 53.4% during the fourth quarter. Rhumbline Advisers now owns 27,755 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 9,660 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Profire Energy during the first quarter worth about $49,000. Finally, First Trust Advisors LP lifted its stake in shares of Profire Energy by 18.7% during the fourth quarter. First Trust Advisors LP now owns 58,932 shares of the oil and gas company’s stock worth $85,000 after purchasing an additional 9,271 shares in the last quarter. 45.14% of the stock is owned by institutional investors.
About Profire Energy
Profire Energy, Inc, an oilfield technology company, provides burner- and chemical-management products and services for the oil and gas industry in North America. It assists energy production companies in the production and transportation of oil and natural gas. Its products include PF3100, a burner-management system, which is designed to operate, monitor, control, and manage various complex and multi-faceted oilfield appliances; safety and monitoring devices, such as shut-down and temperature valves, pressure transmitters and switches, burners, pilots, and other combustion related equipment; and chemical-management systems to monitor and manage chemical-injection process to ensure that optimal levels of chemicals are injected.
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