Lake Street Capital Reaffirms Hold Rating for Profire Energy (NASDAQ:PFIE)

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

Separately, StockNews.com upgraded 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. Profire Energy has a 1-year low of $1.33 and a 1-year high of $2.52. The company has a market capitalization of $117.06 million, a price-to-earnings ratio of 13.89 and a beta of 0.49. The business has a 50 day simple moving average of $1.67 and a two-hundred day simple moving average of $1.61.

Profire Energy (NASDAQ:PFIE) last posted its earnings results on Wednesday, August 7th. The oil and gas company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $15.16 million during 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 company posted $0.06 earnings per share.

Institutional Trading of Profire Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC raised 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 during the period. Perritt Capital Management Inc raised 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 buying an additional 14,720 shares during the period. Advisor Resource Council purchased a new stake in Profire Energy during the 2nd quarter valued at $38,000. Williams & Novak LLC purchased a new stake in Profire Energy during the 2nd quarter valued at $46,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in Profire Energy by 16.1% during 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 buying an additional 24,376 shares during the period. 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.