Profire Energy (NASDAQ:PFIE) Earns “Hold” Rating from Lake Street Capital

Lake Street Capital reiterated their hold rating on shares of Profire Energy (NASDAQ:PFIE) in a research report report published on Wednesday morning, Benzinga reports. They currently have a $2.55 target price on the oil and gas company’s stock.

Separately, StockNews.com upgraded shares of Profire Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th.

Profire Energy Price Performance

PFIE opened at $2.50 on Wednesday. The stock has a market cap of $117.08 million, a price-to-earnings ratio of 13.89 and a beta of 0.49. Profire Energy has a twelve month low of $1.33 and a twelve month high of $2.52. The company’s 50-day moving average price is $1.66 and its two-hundred day moving average price is $1.60.

Profire Energy (NASDAQ:PFIE) last released its earnings results on Wednesday, August 7th. The oil and gas company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $15.16 million for the quarter. Profire Energy had a net margin of 15.22% and a return on equity of 15.34%. During the same quarter in the previous year, the firm earned $0.06 earnings per share.

Institutional Trading of Profire Energy

Several institutional investors and hedge funds have recently bought and sold shares of PFIE. AMH Equity Ltd lifted its stake in Profire Energy by 31.1% in the 1st quarter. AMH Equity Ltd now owns 500,000 shares of the oil and gas company’s stock worth $925,000 after purchasing an additional 118,550 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in Profire Energy by 4.1% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 1,647,774 shares of the oil and gas company’s stock worth $3,048,000 after purchasing an additional 64,304 shares in the last quarter. Perkins Capital Management Inc. lifted its stake 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 worth $1,749,000 after purchasing an additional 8,788 shares in the last quarter. Vanguard Group Inc. lifted its stake in Profire Energy by 17.2% in the 1st quarter. Vanguard Group Inc. now owns 1,604,221 shares of the oil and gas company’s stock worth $2,968,000 after purchasing an additional 235,664 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Profire Energy by 16.1% in 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 in the last quarter. 38.51% of the stock is currently owned by hedge funds and other institutional investors.

Profire Energy Company Profile

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.