Q2 2024 EPS Estimates for Profire Energy, Inc. (NASDAQ:PFIE) Lifted by Roth Capital

Profire Energy, Inc. (NASDAQ:PFIE - Free Report) - Stock analysts at Roth Capital raised their Q2 2024 earnings estimates for shares of Profire Energy in a research report issued to clients and investors on Monday, April 8th. Roth Capital analyst J. White now forecasts that the oil and gas company will post earnings of $0.05 per share for the quarter, up from their prior estimate of $0.04. The consensus estimate for Profire Energy's current full-year earnings is $0.19 per share.

Separately, StockNews.com upgraded shares of Profire Energy from a "hold" rating to a "buy" rating in a research note on Monday, December 11th.

Profire Energy Stock Performance

Shares of PFIE stock traded down $0.01 during mid-day trading on Tuesday, reaching $1.84. 104,312 shares of the company's stock traded hands, compared to its average volume of 186,453. Profire Energy has a 12 month low of $1.09 and a 12 month high of $3.29. The firm has a 50 day moving average price of $1.62 and a two-hundred day moving average price of $1.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.89. The firm has a market capitalization of $98.15 million, a PE ratio of 8.36 and a beta of 0.52.

Profire Energy (NASDAQ:PFIE - Get Free Report) last issued its quarterly earnings data on Wednesday, March 13th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. Profire Energy had a net margin of 18.51% and a return on equity of 20.13%. The firm had revenue of $14.38 million during the quarter, compared to the consensus estimate of $14.99 million.

Institutional Trading of Profire Energy

Several hedge funds have recently made changes to their positions in PFIE. EAM Investors LLC bought a new position in Profire Energy during the 3rd quarter valued at about $1,752,000. Ameriprise Financial Inc. grew its position in shares of Profire Energy by 17.5% in the first quarter. Ameriprise Financial Inc. now owns 2,631,115 shares of the oil and gas company's stock valued at $3,263,000 after purchasing an additional 392,770 shares during the period. AMH Equity Ltd acquired a new stake in shares of Profire Energy in the fourth quarter valued at about $690,000. AWM Investment Company Inc. lifted its stake in shares of Profire Energy by 15.9% in the third quarter. AWM Investment Company Inc. now owns 2,596,156 shares of the oil and gas company's stock worth $7,217,000 after buying an additional 355,998 shares in the last quarter. Finally, Navellier & Associates Inc. purchased a new position in shares of Profire Energy in the third quarter worth about $844,000. 38.51% of the stock is currently owned by hedge funds and other institutional investors.

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.