TheStreet Lowers Profire Energy (PFIE) to C+

TheStreet cut shares of Profire Energy (NASDAQ:PFIE) from a b- rating to a c+ rating in a research note issued to investors on Tuesday morning, TheStreetRatingsTable reports.

PFIE has been the subject of several other reports. ValuEngine cut Profire Energy from a sell rating to a strong sell rating in a research report on Thursday, January 31st. Zacks Investment Research cut Profire Energy from a hold rating to a sell rating in a research report on Thursday, March 7th. Finally, Chardan Capital reiterated a hold rating on shares of Profire Energy in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Profire Energy has a consensus rating of Hold and a consensus price target of $4.25.

Shares of PFIE stock opened at $1.51 on Tuesday. The company has a market cap of $71.91 million, a PE ratio of 12.58 and a beta of 2.08. Profire Energy has a 1-year low of $1.36 and a 1-year high of $5.14.

Profire Energy (NASDAQ:PFIE) last announced its earnings results on Wednesday, May 8th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The business had revenue of $10.83 million for the quarter, compared to analyst estimates of $11.23 million. Profire Energy had a return on equity of 13.03% and a net margin of 13.26%. Research analysts anticipate that Profire Energy will post 0.16 earnings per share for the current year.

A number of large investors have recently modified their holdings of PFIE. Dimensional Fund Advisors LP grew its holdings in Profire Energy by 29.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 147,744 shares of the oil and gas company’s stock valued at $471,000 after buying an additional 33,481 shares in the last quarter. Vanguard Group Inc. grew its holdings in Profire Energy by 44.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,569,824 shares of the oil and gas company’s stock valued at $5,007,000 after buying an additional 483,068 shares in the last quarter. Vanguard Group Inc grew its holdings in Profire Energy by 44.5% in the 3rd quarter. Vanguard Group Inc now owns 1,569,824 shares of the oil and gas company’s stock valued at $5,007,000 after buying an additional 483,068 shares in the last quarter. Virtu Financial LLC purchased a new stake in Profire Energy in the 4th quarter valued at $86,000. Finally, Wedge Capital Management L L P NC grew its holdings in Profire Energy by 124.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 374,699 shares of the oil and gas company’s stock valued at $543,000 after buying an additional 207,883 shares in the last quarter. Institutional investors own 45.05% of the company’s stock.

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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