Roth Capital Begins Coverage on Profire Energy (PFIE)
Investment analysts at Roth Capital assumed coverage on shares of Profire Energy (NASDAQ:PFIE) in a report released on Friday. The brokerage set a “buy” rating and a $2.00 price target on the oil and gas company’s stock. Roth Capital’s price target points to a potential downside of 6.10% from the company’s previous close.
A number of other equities analysts have also weighed in on the company. Zacks Investment Research raised Profire Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Chardan Capital boosted their target price on Profire Energy from $2.30 to $2.50 and gave the stock a “buy” rating in a research report on Friday, November 10th.
Profire Energy (PFIE) opened at $2.13 on Friday. Profire Energy has a 52-week low of $1.11 and a 52-week high of $2.40. The firm has a market capitalization of $103.14, a PE ratio of 30.43 and a beta of 1.91.
About Profire Energy
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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