Somewhat Positive News Coverage Somewhat Unlikely to Affect Profire Energy (PFIE) Stock Price

News coverage about Profire Energy (NASDAQ:PFIE) has been trending somewhat positive this week, according to Accern. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Profire Energy earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.5134481424446 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

A number of equities analysts recently commented on the company. ValuEngine raised Profire Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 23rd. Roth Capital set a $5.00 price objective on Profire Energy and gave the company a “buy” rating in a research report on Sunday, May 20th. Maxim Group assumed coverage on Profire Energy in a research report on Wednesday, May 30th. They set a “buy” rating and a $7.00 price objective on the stock. Finally, Zacks Investment Research upgraded Profire Energy from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research report on Saturday, May 12th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Profire Energy currently has an average rating of “Buy” and a consensus target price of $4.75.

PFIE stock traded up $0.07 during midday trading on Monday, reaching $2.70. 10,618 shares of the company traded hands, compared to its average volume of 395,372. Profire Energy has a 52-week low of $1.40 and a 52-week high of $5.30. The company has a market cap of $126.46 million, a PE ratio of 30.00 and a beta of 1.81.

Profire Energy (NASDAQ:PFIE) last issued its quarterly earnings data on Wednesday, August 8th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Profire Energy had a return on equity of 13.89% and a net margin of 13.77%. The business had revenue of $11.34 million for the quarter, compared to the consensus estimate of $11.07 million. equities research analysts expect that Profire Energy will post 0.14 earnings per share for the current fiscal year.

In other Profire Energy news, Director Harold Albert sold 5,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $3.25, for a total transaction of $16,250,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brenton W. Hatch sold 3,125,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $3.25, for a total value of $10,156,250.00. The disclosure for this sale can be found here. Corporate insiders own 50.70% of the company’s stock.

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 primarily in the United States and Canada. It assists energy production companies in the production and transportation of oil and natural gas. The company offers burner-management systems to ignite, monitor, and manage the burner flames used in oilfield vessels, as well as complementary oilfield products, such as valves and fuel trains, airplates, solar packages, and flare stack igniters and nozzles.

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