Headlines about Profire Energy (NASDAQ:PFIE) have been trending somewhat positive on Tuesday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Profire Energy earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 45.7876337020243 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Separately, Zacks Investment Research raised Profire Energy from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a research note on Thursday, July 6th.

Profire Energy (NASDAQ:PFIE) traded up 4.55% during mid-day trading on Tuesday, reaching $1.84. The company had a trading volume of 127,061 shares. Profire Energy has a one year low of $1.08 and a one year high of $1.91. The firm has a market capitalization of $89.34 million, a P/E ratio of 27.88 and a beta of 1.65. The firm’s 50-day moving average is $1.50 and its 200-day moving average is $1.39.

Profire Energy declared that its Board of Directors has initiated a stock buyback plan on Friday, May 26th that allows the company to repurchase $2.00 million in outstanding shares. This repurchase authorization allows the oil and gas company to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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Profire Energy Company Profile

Profire Energy, Inc is an oilfield technology company. The Company is primarily engaged in the business of developing combustion management technologies for the oil and gas industry. It specializes in the creation of burner-management systems, used on a range of oilfield natural-draft fire tube vessels.

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