Profire Energy, Inc. (NASDAQ:PFIE) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $4.50.

Several research firms have weighed in on PFIE. Chardan Capital restated a “hold” rating on shares of Profire Energy in a report on Tuesday, May 14th. Aegis began coverage on shares of Profire Energy in a report on Monday, July 8th. They set a “buy” rating and a $4.00 target price for the company. ValuEngine downgraded shares of Profire Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 8th. Zacks Investment Research upgraded shares of Profire Energy from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, TheStreet downgraded shares of Profire Energy from a “b-” rating to a “c+” rating in a report on Tuesday, May 21st.

Institutional investors have recently added to or reduced their stakes in the business. Quantum Capital Management acquired a new stake in shares of Profire Energy during the 1st quarter worth about $93,000. Pacific Ridge Capital Partners LLC boosted its stake in shares of Profire Energy by 59.2% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 795,647 shares of the oil and gas company’s stock worth $1,424,000 after purchasing an additional 295,807 shares during the last quarter. FMR LLC boosted its stake in shares of Profire Energy by 69.8% during the 4th quarter. FMR LLC now owns 1,577,898 shares of the oil and gas company’s stock worth $2,288,000 after purchasing an additional 648,559 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Profire Energy by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 309,857 shares of the oil and gas company’s stock worth $449,000 after purchasing an additional 9,050 shares during the last quarter. Finally, Perkins Capital Management Inc. boosted its stake in shares of Profire Energy by 1.4% during the 1st quarter. Perkins Capital Management Inc. now owns 478,750 shares of the oil and gas company’s stock worth $857,000 after purchasing an additional 6,550 shares during the last quarter. 45.64% of the stock is currently owned by institutional investors.

NASDAQ:PFIE traded down $0.09 during mid-day trading on Friday, hitting $1.24. 6,376 shares of the company’s stock traded hands, compared to its average volume of 176,797. The business has a 50 day simple moving average of $1.47. Profire Energy has a 1 year low of $1.16 and a 1 year high of $3.64. The stock has a market capitalization of $68.53 million, a P/E ratio of 10.75 and a beta of 1.80.

Profire Energy (NASDAQ:PFIE) last posted its earnings results on Wednesday, August 7th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). Profire Energy had a net margin of 11.95% and a return on equity of 11.17%. The business had revenue of $10.12 million for the quarter, compared to analysts’ expectations of $11.05 million. On average, equities 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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