Profire Energy, Inc. (NASDAQ:PFIE) has received a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $4.50.
A number of analysts recently issued reports on PFIE shares. ValuEngine downgraded Profire Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 8th. Chardan Capital restated a “hold” rating on shares of Profire Energy in a research report on Tuesday, May 14th. TheStreet downgraded Profire Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, May 21st. Finally, Aegis started coverage on Profire Energy in a research report on Monday, July 8th. They issued a “buy” rating and a $4.00 price target for the company.
Large investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new stake in shares of Profire Energy during the first quarter worth $49,000. Zebra Capital Management LLC bought a new stake in shares of Profire Energy during the second quarter worth $61,000. Cutter & CO Brokerage Inc. bought a new stake in shares of Profire Energy during the second quarter worth $85,000. Quantum Capital Management bought a new stake in shares of Profire Energy during the first quarter worth $93,000. Finally, Connors Investor Services Inc. lifted its position in shares of Profire Energy by 26.4% during the second quarter. Connors Investor Services Inc. now owns 86,270 shares of the oil and gas company’s stock worth $130,000 after purchasing an additional 18,000 shares during the last quarter. Institutional investors and hedge funds own 39.94% of the company’s stock.
Shares of PFIE opened at $1.53 on Tuesday. The company has a market cap of $76.14 million, a PE ratio of 12.75 and a beta of 1.61. The business has a fifty day moving average of $1.41 and a 200 day moving average of $1.59. Profire Energy has a 52-week low of $1.16 and a 52-week high of $3.64.
Profire Energy (NASDAQ:PFIE) last issued its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $10.12 million during the quarter, compared to the consensus estimate of $11.05 million. Profire Energy had a return on equity of 11.17% and a net margin of 11.95%. On average, sell-side analysts anticipate that Profire Energy will post 0.14 EPS for the current year.
Profire Energy Company Profile
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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