Profire Energy (NASDAQ:PFIE) Given Hold Rating at Lake Street Capital

Lake Street Capital reiterated their hold rating on shares of Profire Energy (NASDAQ:PFIE) in a research note published on Wednesday morning, MarketBeat reports. They currently have a $2.55 target price on the oil and gas company’s stock.

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

Profire Energy Price Performance

NASDAQ PFIE opened at $2.51 on Wednesday. Profire Energy has a 1 year low of $1.33 and a 1 year high of $2.52. The stock has a market capitalization of $117.54 million, a PE ratio of 13.94 and a beta of 0.49. The business’s 50-day moving average is $1.69 and its 200 day moving average is $1.62.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PFIE. Perkins Capital Management Inc. lifted its stake in shares of 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 valued at $1,749,000 after purchasing an additional 8,788 shares during the period. Perritt Capital Management Inc raised its holdings in Profire Energy by 4.6% in the second quarter. Perritt Capital Management Inc now owns 335,800 shares of the oil and gas company’s stock worth $477,000 after purchasing an additional 14,720 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Profire Energy by 16.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 175,795 shares of the oil and gas company’s stock valued at $325,000 after buying an additional 24,376 shares during the period. Advisor Resource Council bought a new stake in shares of Profire Energy during the 2nd quarter valued at $38,000. Finally, Williams & Novak LLC purchased a new stake in shares of Profire Energy in the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 38.51% of the company’s stock.

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.