TheStreet lowered shares of Profire Energy (NASDAQ:PFIE) from a b- rating to a c+ rating in a research report sent to investors on Tuesday, May 21st, TheStreetRatingsTable reports.
PFIE has been the subject of a number of other research reports. ValuEngine lowered Profire Energy from a sell rating to a strong sell rating in a research report on Thursday, January 31st. Zacks Investment Research lowered Profire Energy from a hold rating to a sell rating in a research report on Thursday, March 7th. Finally, Chardan Capital reiterated a hold rating on shares of Profire Energy in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Profire Energy currently has an average rating of Hold and a consensus price target of $4.25.
Shares of PFIE traded down $0.05 during trading hours on Tuesday, reaching $1.38. 70,052 shares of the company’s stock traded hands, compared to its average volume of 168,648. The firm has a market capitalization of $66.71 million, a price-to-earnings ratio of 11.50 and a beta of 1.99. Profire Energy has a twelve month low of $1.30 and a twelve month high of $5.05.
Profire Energy (NASDAQ:PFIE) last released its earnings results on Wednesday, May 8th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Profire Energy had a return on equity of 13.03% and a net margin of 13.26%. The firm had revenue of $10.83 million for the quarter, compared to analyst estimates of $11.23 million. On average, research analysts expect that Profire Energy will post 0.16 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the stock. FMR LLC raised its position in shares of Profire Energy by 27.5% during the first quarter. FMR LLC now owns 2,011,596 shares of the oil and gas company’s stock worth $3,601,000 after acquiring an additional 433,698 shares during the last quarter. Vanguard Group Inc increased its holdings in Profire Energy by 44.5% in the third quarter. Vanguard Group Inc now owns 1,569,824 shares of the oil and gas company’s stock valued at $5,007,000 after purchasing an additional 483,068 shares during the last quarter. Vanguard Group Inc. increased its holdings in Profire Energy by 44.5% in the third quarter. Vanguard Group Inc. now owns 1,569,824 shares of the oil and gas company’s stock valued at $5,007,000 after purchasing an additional 483,068 shares during the last quarter. BlackRock Inc. increased its holdings in Profire Energy by 0.5% in the fourth quarter. BlackRock Inc. now owns 1,535,945 shares of the oil and gas company’s stock valued at $2,227,000 after purchasing an additional 6,998 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its stake in Profire Energy by 59.2% in the first quarter. Pacific Ridge Capital Partners LLC now owns 795,647 shares of the oil and gas company’s stock valued at $1,424,000 after acquiring an additional 295,807 shares during the period. 45.14% of the stock is currently owned by institutional investors and hedge funds.
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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