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

Profire Energy (NASDAQ:PFIE)‘s stock had its “hold” rating reiterated by stock analysts at Lake Street Capital in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $2.55 price target on the oil and gas company’s stock. Lake Street Capital’s price target would indicate a potential upside of 2.00% from the stock’s current price.

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

Profire Energy Price Performance

PFIE stock opened at $2.50 on Wednesday. The business’s fifty day simple moving average is $1.67 and its two-hundred day simple moving average is $1.61. Profire Energy has a twelve month low of $1.33 and a twelve month high of $2.52. The firm has a market cap of $117.06 million, a price-to-earnings ratio of 13.89 and a beta of 0.49.

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

Institutional Investors Weigh In On Profire Energy

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Profire Energy by 17.2% during the first quarter. Vanguard Group Inc. now owns 1,604,221 shares of the oil and gas company’s stock valued at $2,968,000 after purchasing an additional 235,664 shares in the last quarter. O Shaughnessy Asset Management LLC boosted 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 purchasing an additional 24,376 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in Profire Energy by 4.1% during the first quarter. Pacific Ridge Capital Partners LLC now owns 1,647,774 shares of the oil and gas company’s stock valued at $3,048,000 after purchasing an additional 64,304 shares in the last quarter. AMH Equity Ltd boosted its position in 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 valued at $925,000 after purchasing an additional 118,550 shares in the last quarter. Finally, Perritt Capital Management Inc boosted its position in Profire Energy by 4.6% during the second quarter. Perritt Capital Management Inc now owns 335,800 shares of the oil and gas company’s stock valued at $477,000 after purchasing an additional 14,720 shares in the last quarter. Institutional investors own 38.51% of the company’s stock.

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.