Profire Energy’s (PFIE) “Hold” Rating Reiterated at Lake Street Capital

Lake Street Capital restated their hold rating on shares of Profire Energy (NASDAQ:PFIE) in a research report report published on Wednesday morning, MarketBeat Ratings reports. The firm currently has a $2.55 price objective on the oil and gas company’s stock.

Separately, StockNews.com upgraded Profire Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th.

Profire Energy Trading Up 0.4 %

Shares of NASDAQ PFIE opened at $2.51 on Wednesday. The business has a 50-day moving average of $1.69 and a 200-day moving average of $1.62. The firm has a market capitalization of $117.54 million, a price-to-earnings ratio of 13.94 and a beta of 0.49. Profire Energy has a 12 month low of $1.33 and a 12 month high of $2.52.

Profire Energy (NASDAQ:PFIE) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $15.16 million during the quarter. Profire Energy had a net margin of 15.22% and a return on equity of 15.34%. During the same period in the prior year, the firm earned $0.06 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Resource Council bought a new position in shares of Profire Energy during the 2nd quarter valued at $38,000. Williams & Novak LLC purchased a new position in shares of Profire Energy in the second quarter worth about $46,000. O Shaughnessy Asset Management LLC lifted its stake in shares of Profire Energy by 16.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 175,795 shares of the oil and gas company’s stock valued at $325,000 after acquiring an additional 24,376 shares during the last quarter. Perritt Capital Management Inc boosted its holdings in Profire Energy by 4.6% during the 2nd quarter. Perritt Capital Management Inc now owns 335,800 shares of the oil and gas company’s stock valued at $477,000 after acquiring an additional 14,720 shares during the period. Finally, AMH Equity Ltd grew its position in Profire Energy by 31.1% during the 1st 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 last quarter. 38.51% of the stock is currently owned by institutional investors.

About Profire Energy

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.