Profire Energy (NASDAQ:PFIE) Now Covered by Analysts at Aegis

Aegis assumed coverage on shares of Profire Energy (NASDAQ:PFIE) in a research note released on Monday, The Fly reports. The firm issued a buy rating and a $4.00 price objective on the oil and gas company’s stock.

PFIE has been the topic of several other research reports. Chardan Capital set a $25.00 price objective on Tocagen and gave the stock a buy rating in a research report on Tuesday, May 14th. Zacks Investment Research cut GENEL ENERGY PL/ADR from a buy rating to a hold rating in a research report on Tuesday, May 7th. TheStreet cut Unit from a c- rating to a d+ rating in a research report on Tuesday, May 21st. Finally, ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Profire Energy has a consensus rating of Hold and an average target price of $4.19.

PFIE opened at $1.59 on Monday. Profire Energy has a 1-year low of $1.30 and a 1-year high of $3.78. The firm has a fifty day simple moving average of $1.50. The company has a market cap of $76.17 million, a PE ratio of 13.25 and a beta of 1.87.

Profire Energy (NASDAQ:PFIE) last posted its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $10.83 million for the quarter, compared to the consensus estimate of $11.23 million. Profire Energy had a return on equity of 13.03% and a net margin of 13.26%. On average, sell-side analysts predict that Profire Energy will post 0.14 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantum Capital Management acquired a new stake in shares of Profire Energy during the 1st quarter worth $93,000. Pacific Ridge Capital Partners LLC grew its holdings in shares of Profire Energy by 59.2% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 795,647 shares of the oil and gas company’s stock worth $1,424,000 after purchasing an additional 295,807 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Profire Energy by 53.4% during the 4th quarter. Rhumbline Advisers now owns 27,755 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 9,660 shares in the last quarter. FMR LLC grew its holdings in shares of Profire Energy by 69.8% during the 4th quarter. FMR LLC now owns 1,577,898 shares of the oil and gas company’s stock worth $2,288,000 after purchasing an additional 648,559 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Profire Energy by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 309,857 shares of the oil and gas company’s stock worth $449,000 after purchasing an additional 9,050 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors.

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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