Profire Energy, Inc. (NASDAQ:PFIE) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $5.00.

A number of equities research analysts have recently commented on PFIE shares. Zacks Investment Research downgraded Profire Energy from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Chardan Capital lowered Profire Energy from a “buy” rating to a “neutral” rating in a report on Tuesday, March 12th. TheStreet upgraded Profire Energy from a “c” rating to a “b-” rating in a report on Thursday, April 4th. Finally, ValuEngine lowered Profire Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quad Capital Management Advisors LLC lifted its holdings in shares of Profire Energy by 47.5% in the fourth quarter. Quad Capital Management Advisors LLC now owns 19,129 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 6,160 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Profire Energy in the fourth quarter worth $40,000. Rhumbline Advisers increased its stake in shares of Profire Energy by 53.4% in the fourth quarter. Rhumbline Advisers now owns 27,755 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 9,660 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Profire Energy in the first quarter worth $49,000. Finally, First Trust Advisors LP increased its stake in shares of Profire Energy by 18.7% in the fourth quarter. First Trust Advisors LP now owns 58,932 shares of the oil and gas company’s stock worth $85,000 after acquiring an additional 9,271 shares during the last quarter. Institutional investors own 45.14% of the company’s stock.

Shares of NASDAQ:PFIE traded up $0.01 on Thursday, reaching $1.51. 405 shares of the company traded hands, compared to its average volume of 129,344. Profire Energy has a fifty-two week low of $1.30 and a fifty-two week high of $5.05. The firm has a 50 day simple moving average of $1.48. The stock has a market cap of $71.20 million, a PE ratio of 12.54 and a beta of 1.98.

Profire Energy (NASDAQ:PFIE) last announced its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Profire Energy had a net margin of 13.26% and a return on equity of 13.03%. The company had revenue of $10.83 million for the quarter, compared to analyst estimates of $11.23 million. As a group, research analysts anticipate that Profire Energy will post 0.14 earnings per share for the current year.

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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