Profire Energy (NASDAQ:PFIE) Issues Earnings Results

Profire Energy (NASDAQ:PFIE) issued its quarterly earnings data on Wednesday. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, reports. Profire Energy had a return on equity of 15.34% and a net margin of 15.22%. The business had revenue of $17.20 million for the quarter.

Profire Energy Price Performance

Shares of NASDAQ:PFIE remained flat at $2.51 during trading hours on Friday. The company’s stock had a trading volume of 82,648 shares, compared to its average volume of 344,382. The firm has a market cap of $117.54 million, a price-to-earnings ratio of 13.94 and a beta of 0.43. The firm has a 50-day simple moving average of $1.77 and a two-hundred day simple moving average of $1.64. Profire Energy has a fifty-two week low of $1.33 and a fifty-two week high of $2.52.

Institutional Investors Weigh In On Profire Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royce & Associates LP increased its stake in Profire Energy by 1.0% in the third quarter. Royce & Associates LP now owns 2,032,361 shares of the oil and gas company’s stock worth $3,414,000 after purchasing an additional 20,000 shares during the period. Pacific Ridge Capital Partners LLC lifted its holdings in Profire Energy by 5.6% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 1,739,715 shares of the oil and gas company’s stock valued at $2,470,000 after buying an additional 91,941 shares in the last quarter. Vanguard Group Inc. boosted its position 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 valued at $2,968,000 after buying an additional 235,664 shares during the period. Perkins Capital Management Inc. grew 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 acquiring an additional 8,788 shares in the last quarter. Finally, AMH Equity Ltd increased its position in shares of Profire Energy by 31.1% during the first quarter. AMH Equity Ltd now owns 500,000 shares of the oil and gas company’s stock worth $925,000 after acquiring an additional 118,550 shares during the period. 38.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Lake Street Capital restated a “hold” rating and set a $2.55 price objective on shares of Profire Energy in a research report on Wednesday, October 30th. StockNews.com assumed coverage on shares of Profire Energy in a research note on Friday. They set a “buy” rating for the company.

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.