Maxim Group reiterated their buy rating on shares of Profire Energy (NASDAQ:PFIE) in a research report report published on Friday. They currently have a $5.00 price objective on the oil and gas company’s stock.

“Wednesday, after Market close, PFIE announced 3Q18 results with revenue of $11.5M, above our estimate of $10.7M, and EPS of $0.03, a penny above our estimate of $0.02.”,” the firm’s analyst wrote.

A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Profire Energy from a hold rating to a sell rating in a research report on Thursday, August 9th. ValuEngine upgraded shares of Profire Energy from a hold rating to a buy rating in a research report on Tuesday, August 7th. Finally, Roth Capital set a $5.00 price target on shares of Profire Energy and gave the company a buy rating in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $4.25.

NASDAQ PFIE traded down $0.11 on Friday, reaching $2.45. The company’s stock had a trading volume of 102,827 shares, compared to its average volume of 207,009. The stock has a market cap of $118.28 million, a P/E ratio of 27.22 and a beta of 1.77. Profire Energy has a 52 week low of $1.72 and a 52 week high of $5.30.

Profire Energy (NASDAQ:PFIE) last posted its earnings results on Wednesday, November 7th. The oil and gas company reported $0.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.03. The business had revenue of $11.50 million for the quarter, compared to analysts’ expectations of $11.82 million. Profire Energy had a net margin of 13.77% and a return on equity of 13.89%. As a group, equities analysts predict that Profire Energy will post 0.14 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in Profire Energy by 420.6% in the second quarter. Tower Research Capital LLC TRC now owns 29,911 shares of the oil and gas company’s stock valued at $101,000 after buying an additional 24,166 shares in the last quarter. Bank of Montreal Can boosted its position in Profire Energy by 24,392.3% in the third quarter. Bank of Montreal Can now owns 41,147 shares of the oil and gas company’s stock valued at $131,000 after buying an additional 40,979 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Profire Energy in the second quarter valued at about $133,000. Schwab Charles Investment Management Inc. acquired a new position in Profire Energy in the second quarter valued at about $149,000. Finally, JPMorgan Chase & Co. boosted its position in Profire Energy by 874.0% in the third quarter. JPMorgan Chase & Co. now owns 46,783 shares of the oil and gas company’s stock valued at $150,000 after buying an additional 41,980 shares in the last quarter. Hedge funds and other institutional investors own 43.96% 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 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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