Equities research analysts at StockNews.com initiated coverage on shares of Profire Energy (NASDAQ:PFIE - Get Free Report) in a research report issued on Friday. The firm set a "buy" rating on the oil and gas company's stock.
Separately, Lake Street Capital restated a "hold" rating and issued a $2.55 target price on shares of Profire Energy in a research note on Wednesday, October 30th.
View Our Latest Report on PFIE
Profire Energy Stock Performance
Shares of PFIE stock remained flat at $2.51 on Friday. The stock had a trading volume of 175,189 shares, compared to its average volume of 344,810. The firm has a market capitalization of $117.53 million, a PE ratio of 13.94 and a beta of 0.43. The stock's 50 day simple moving average is $1.78 and its 200-day simple moving average is $1.65. Profire Energy has a one year low of $1.33 and a one year high of $2.52.
Profire Energy (NASDAQ:PFIE - Get Free Report) last posted its earnings results on Wednesday, November 6th. The oil and gas company reported $0.04 earnings per share for the quarter. The firm had revenue of $17.20 million for the quarter. Profire Energy had a return on equity of 15.33% and a net margin of 14.86%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Perkins Capital Management Inc. raised its holdings in Profire Energy by 0.9% in the 1st quarter. Perkins Capital Management Inc. now owns 945,520 shares of the oil and gas company's stock valued at $1,749,000 after acquiring an additional 8,788 shares during the period. Perritt Capital Management Inc increased its stake in shares of Profire Energy by 4.6% during the second quarter. Perritt Capital Management Inc now owns 335,800 shares of the oil and gas company's stock worth $477,000 after purchasing an additional 14,720 shares during the period. Royce & Associates LP lifted its holdings in Profire Energy by 1.0% during the 3rd quarter. Royce & Associates LP now owns 2,032,361 shares of the oil and gas company's stock worth $3,414,000 after purchasing an additional 20,000 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Profire Energy by 16.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 175,795 shares of the oil and gas company's stock worth $325,000 after purchasing an additional 24,376 shares during the last quarter. Finally, Advisor Resource Council bought a new stake in Profire Energy in the 2nd quarter valued at $38,000. 38.51% of the stock is currently owned by institutional investors.
About Profire Energy
(
Get Free Report)
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.
Featured Articles
Before you consider Profire Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Profire Energy wasn't on the list.
While Profire Energy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
