Shares of Profire Energy, Inc. (NASDAQ:PFIE) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $4.67.
PFIE has been the topic of a number of research reports. TheStreet lowered shares of Unit from a “c-” rating to a “d+” rating in a research note on Tuesday, May 21st. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Aegis initiated coverage on shares of Profire Energy in a research note on Monday, July 8th. They issued a “buy” rating and a $4.00 target price on the stock. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Chardan Capital set a $25.00 target price on shares of Tocagen and gave the stock a “buy” rating in a research note on Tuesday, May 14th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Foundry Partners LLC grew its position in Profire Energy by 179.6% during the second quarter. Foundry Partners LLC now owns 706,225 shares of the oil and gas company’s stock worth $1,066,000 after buying an additional 453,625 shares during the period. FMR LLC grew its position in 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 buying an additional 433,698 shares during the period. Marshall Wace LLP acquired a new position in Profire Energy during the first quarter worth about $134,000. Pacific Ridge Capital Partners LLC grew its position in Profire Energy by 59.2% during the first quarter. Pacific Ridge Capital Partners LLC now owns 795,647 shares of the oil and gas company’s stock worth $1,424,000 after buying an additional 295,807 shares during the period. Finally, Acadian Asset Management LLC grew its position in Profire Energy by 8.4% during the first quarter. Acadian Asset Management LLC now owns 245,662 shares of the oil and gas company’s stock worth $440,000 after buying an additional 19,083 shares during the period. 45.12% of the stock is currently owned by institutional investors and hedge funds.
Profire Energy (NASDAQ:PFIE) last issued its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). Profire Energy had a net margin of 13.26% and a return on equity of 13.03%. The company had revenue of $10.83 million during the quarter, compared to analysts’ expectations of $11.23 million. Equities research analysts anticipate that Profire Energy will post 0.14 earnings per share for the current year.
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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