Research Analysts Issue Forecasts for Profire Energy, Inc.’s Q2 2024 Earnings (NASDAQ:PFIE)

Profire Energy, Inc. (NASDAQ:PFIE) – Stock analysts at Roth Capital raised their Q2 2024 EPS estimates for shares of Profire Energy in a research report issued on Monday, April 8th. Roth Capital analyst J. White now expects that the oil and gas company will post earnings per share of $0.05 for the quarter, up from their previous estimate of $0.04. The consensus estimate for Profire Energy’s current full-year earnings is $0.16 per share.

Profire Energy Stock Up 1.6 %

Profire Energy stock opened at $1.87 on Tuesday. Profire Energy has a twelve month low of $1.09 and a twelve month high of $3.29. The firm has a 50 day moving average price of $1.62 and a 200-day moving average price of $1.78. The company has a market capitalization of $99.75 million, a P/E ratio of 8.50 and a beta of 0.52. The company has a quick ratio of 3.34, a current ratio of 4.89 and a debt-to-equity ratio of 0.01.

Profire Energy (NASDAQ:PFIE) last released its earnings results on Wednesday, March 13th. The oil and gas company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Profire Energy had a net margin of 18.51% and a return on equity of 20.13%. The firm had revenue of $14.38 million during the quarter, compared to the consensus estimate of $14.99 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC bought a new position in Profire Energy in the 3rd quarter valued at $95,000. Ritholtz Wealth Management raised its position in shares of Profire Energy by 343.4% during the 4th quarter. Ritholtz Wealth Management now owns 57,433 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 44,479 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Profire Energy during the 3rd quarter valued at $223,000. AWM Investment Company Inc. raised its position in shares of Profire Energy by 15.9% during the 3rd quarter. AWM Investment Company Inc. now owns 2,596,156 shares of the oil and gas company’s stock valued at $7,217,000 after buying an additional 355,998 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Profire Energy during the 3rd quarter valued at $91,000. 38.51% of the stock is owned by institutional investors.

About Profire Energy

Profire Energy, Inc, a technology company, engages in the engineering and design of burner, and combustion management systems and solutions for natural and forced draft applications in the United States and Canada. It primarily focuses on the upstream, midstream, and downstream transmission segments of the oil and gas industry.