Profire Energy (PFIE) Given a $5.00 Price Target at Roth Capital

Roth Capital set a $5.00 price objective on Profire Energy (NASDAQ:PFIE) in a research report sent to investors on Monday, August 6th. The firm currently has a buy rating on the oil and gas company’s stock.

A number of other research firms have also weighed in on PFIE. ValuEngine upgraded shares of Profire Energy from a buy rating to a strong-buy rating in a research report on Wednesday, May 23rd. Maxim Group started coverage on shares of Profire Energy in a research report on Wednesday, May 30th. They set a buy rating and a $7.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Profire Energy from a hold rating to a buy rating and set a $4.50 price target on the stock in a research report on Saturday, May 12th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $4.75.

Shares of NASDAQ PFIE traded up $0.06 during trading on Monday, hitting $2.85. The company had a trading volume of 160,600 shares, compared to its average volume of 418,526. Profire Energy has a fifty-two week low of $1.40 and a fifty-two week high of $5.30. The firm has a market cap of $132.71 million, a price-to-earnings ratio of 31.67 and a beta of 1.81.

Profire Energy (NASDAQ:PFIE) last announced its earnings results on Wednesday, August 8th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. Profire Energy had a net margin of 13.77% and a return on equity of 13.89%. The business had revenue of $11.34 million for the quarter, compared to analyst estimates of $11.07 million. equities analysts expect that Profire Energy will post 0.14 EPS for the current fiscal year.

In other Profire Energy news, Director Harold Albert sold 5,000,000 shares of Profire Energy stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $3.25, for a total transaction of $16,250,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brenton W. Hatch sold 3,125,000 shares of Profire Energy stock in a transaction dated Tuesday, July 3rd. The stock was sold at an average price of $3.25, for a total transaction of $10,156,250.00. The disclosure for this sale can be found here. Insiders own 50.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in Profire Energy by 2,023.6% during the second quarter. BlackRock Inc. now owns 1,522,572 shares of the oil and gas company’s stock worth $5,146,000 after purchasing an additional 1,450,876 shares during the period. Pacific Ridge Capital Partners LLC raised its stake in Profire Energy by 1.2% during the first 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 purchasing an additional 16,040 shares during the period. Cortina Asset Management LLC purchased a new position in Profire Energy during the second quarter worth about $2,791,000. Granahan Investment Management Inc. MA raised its stake in Profire Energy by 24.1% during the second quarter. Granahan Investment Management Inc. MA now owns 744,366 shares of the oil and gas company’s stock worth $2,516,000 after purchasing an additional 144,315 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Profire Energy by 21.0% during the fourth quarter. Renaissance Technologies LLC now owns 681,800 shares of the oil and gas company’s stock worth $1,309,000 after purchasing an additional 118,465 shares during the period. 41.98% of the stock is currently 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 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.

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