Shares of Profire Energy Inc (NASDAQ:PFIE) hit a new 52-week high and low on Thursday . The stock traded as low as $5.30 and last traded at $5.23, with a volume of 21766 shares trading hands. The stock had previously closed at $5.13.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Profire Energy from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Saturday, May 12th. Roth Capital assumed coverage on Profire Energy in a report on Friday, March 2nd. They issued a “buy” rating and a $2.00 price objective for the company. Finally, ValuEngine upgraded Profire Energy from a “buy” rating to a “strong-buy” rating in a report on Wednesday.
The firm has a market cap of $251.87 million, a P/E ratio of 49.11 and a beta of 1.63.
Profire Energy (NASDAQ:PFIE) last announced its earnings results on Wednesday, May 9th. The oil and gas company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Profire Energy had a return on equity of 13.15% and a net margin of 13.43%. The business had revenue of $12.17 million during the quarter, compared to the consensus estimate of $9.23 million. equities research analysts anticipate that Profire Energy Inc will post 0.2 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Profire Energy by 16.9% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,369,885 shares of the oil and gas company’s stock valued at $2,630,000 after purchasing an additional 197,890 shares during the last quarter. Bailard Inc. purchased a new stake in shares of Profire Energy during the fourth quarter valued at $149,000. Perkins Capital Management Inc. lifted its holdings in shares of Profire Energy by 8.2% during the fourth quarter. Perkins Capital Management Inc. now owns 569,481 shares of the oil and gas company’s stock valued at $1,093,000 after purchasing an additional 43,000 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of 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 valued at $1,309,000 after purchasing an additional 118,465 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Profire Energy during the first quarter valued at $328,000. 23.10% of the stock is 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 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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