Somewhat Positive Press Coverage Somewhat Unlikely to Affect Profire Energy (PFIE) Share Price

News headlines about Profire Energy (NASDAQ:PFIE) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Profire Energy earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.6842787301978 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news stories that may have impacted Accern’s analysis:

Shares of Profire Energy (PFIE) opened at $2.01 on Tuesday. The firm has a market capitalization of $99.75, a PE ratio of 29.43 and a beta of 1.66. Profire Energy has a fifty-two week low of $1.11 and a fifty-two week high of $2.25.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Profire Energy from a “hold” rating to a “buy” rating and set a $1.75 target price for the company in a report on Tuesday, August 15th. Chardan Capital dropped their target price on Profire Energy from $2.30 to $2.00 and set a “buy” rating for the company in a report on Friday.

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Profire Energy Company Profile

Profire Energy, Inc is an oilfield technology company. The Company is primarily engaged in the business of developing combustion management technologies for the oil and gas industry. It specializes in the creation of burner-management systems, used on a range of oilfield natural-draft fire tube vessels.

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