Profire Energy, Inc. (NASDAQ:PFIE - Free Report) - Roth Capital lifted their Q3 2024 earnings per share (EPS) estimates for shares of Profire Energy in a research note issued to investors on Monday, April 8th. Roth Capital analyst J. White now forecasts that the oil and gas company will post earnings per share of $0.05 for the quarter, up from their previous forecast of $0.04. The consensus estimate for Profire Energy's current full-year earnings is $0.16 per share. Roth Capital also issued estimates for Profire Energy's Q4 2024 earnings at $0.05 EPS and FY2024 earnings at $0.20 EPS.
Profire Energy (NASDAQ:PFIE - Get Free Report) last released its quarterly earnings data on Wednesday, March 13th. The oil and gas company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $14.38 million during the quarter, compared to analyst estimates of $14.99 million. Profire Energy had a return on equity of 20.13% and a net margin of 18.51%.
Profire Energy Stock Up 1.6 %
Shares of Profire Energy stock traded up $0.03 during midday trading on Wednesday, hitting $1.87. The company's stock had a trading volume of 173,740 shares, compared to its average volume of 186,269. The firm has a market capitalization of $99.75 million, a P/E ratio of 8.50 and a beta of 0.52. The stock has a 50-day simple moving average of $1.62 and a 200-day simple moving average of $1.78. The company has a quick ratio of 3.34, a current ratio of 4.89 and a debt-to-equity ratio of 0.01. Profire Energy has a 1-year low of $1.09 and a 1-year high of $3.29.
Institutional Trading of Profire Energy
A number of institutional investors have recently bought and sold shares of PFIE. Everett Harris & Co. CA raised its holdings in Profire Energy by 0.4% during the third quarter. Everett Harris & Co. CA now owns 1,421,238 shares of the oil and gas company's stock valued at $3,951,000 after buying an additional 5,915 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Profire Energy by 0.4% during the second quarter. Wells Fargo & Company MN now owns 1,624,061 shares of the oil and gas company's stock valued at $1,998,000 after buying an additional 6,205 shares in the last quarter. BlackRock Inc. raised its holdings in Profire Energy by 2.5% during the second quarter. BlackRock Inc. now owns 368,760 shares of the oil and gas company's stock valued at $454,000 after buying an additional 8,845 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in Profire Energy during the third quarter valued at about $25,000. Finally, UBS Group AG raised its holdings in Profire Energy by 45.9% during the third quarter. UBS Group AG now owns 29,178 shares of the oil and gas company's stock valued at $81,000 after buying an additional 9,178 shares in the last quarter. Institutional investors and hedge funds own 38.51% of the company's stock.
About Profire Energy
(
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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.
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