Profire Energy Company Profile (NASDAQ:PFIE)

Profire Energy trades on the NASDAQ under the ticker symbol "PFIE."

Profire Energy declared that its board has initiated a stock repurchase program on Sunday, June 4th 2017, which authorizes the company to repurchase $2,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 2.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Profire Energy, Inc. (NASDAQ:PFIE) released its quarterly earnings data on Wednesday, August, 10th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.01. The company earned $3.97 million during the quarter, compared to analyst estimates of $5.10 million. Profire Energy had a return on equity of 6.14% and a net margin of 8.86%. View Profire Energy's Earnings History.

1 equities research analysts have issued twelve-month target prices for Profire Energy's shares. Their forecasts range from $2.15 to $2.15. On average, they expect Profire Energy's share price to reach $2.15 in the next year. View Analyst Ratings for Profire Energy.

Here are some recent quotes from research analysts about Profire Energy stock:

• 1. According to Zacks Investment Research, "Profire Energy, Inc. manufactures, installs and services oilfield combustion management systems and related burner products. The Company's products aid oil and natural gas producers in the safe and efficient development and transportation of carbon-based fuels. Its products include Profire 2100 and the Profire 1100, Profire 1100i and fuel-trains or valve-trains, which comprise piping, valves, and controls related to the process of providing fuel to burners, as well as having safety controllers to monitor operations. Profire Energy, Inc. is based in Lindon, Utah. " (8/15/2017)
• 2. Chardan Capital analysts commented, "December quarter results were better than expected, a function of better oil prices, higher drilling activity and excellent cost control. Revenue of $7.0 million was 24% higher than our estimate and 41% greater than the September quarter. Gross margin of 50.7% was a bit lower than we expected and down from the 52.6% posted in September and well within the range of profitability typically posted by the company. Of course, cost control was excellent as was balance sheet management. Working capital, ex cash and debt, was flat versus the prior quarter despite the significant increase in sales. DSO was up a bit, from 67 to 73, in the normal range. Inventory, which has been stubbornly high, fell over $1 million. We are raising our estimates and remain buyers of the stock. For this year, we have revenue of $29.9 million, up 45% from the prior twelve months and EBITDA of $3.6 million, up from break-even in the prior twelve months. March is usually down from the December quarter but the company is seeing strong demand and expects the first half to look similar to December, followed by the typical increase in September revenues." (3/13/2017)

Some companies that are related to Profire Energy include Parker Drilling Company (PKD), SandRidge Permian Trust (PER), Hydrogenics Corporation (HYGS), Bellatrix Exploration Ltd (BXE), CGG (CGG), Amyris (AMRS), Hornbeck Offshore Services (HOS), Enphase Energy (ENPH), Independence Contract Drilling (ICD), North American Energy Partners (NOA), Seadrill Limited (SDRL), Enduro Royalty Trust (NDRO), Ion Geophysical Corporation (IO), Eco-Stim Energy Solutions (ESES), Jones Energy (JONE), Comstock Resources (CRK), FuelCell Energy (FCEL) and Legacy Reserves LP (LGCY).

Profire Energy's management team includes the folowing people:

• Brenton W. Hatch, President, Chief Executive Officer, Director
• Ryan W. Oviatt CPA, Chief Financial Officer
• Arlen Crouch, Director
• Daren J. Shaw, Director
• Ronald R. Spoehel, Director
• Harold Albert, Non-Executive Director

Profire Energy's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Royce & Associates LP (5.61%), Tocqueville Asset Management L.P. (3.45%), Pacific Ridge Capital Partners LLC (2.31%), Vanguard Group Inc. (1.15%), Perkins Capital Management Inc. (1.05%) and Beck Mack & Oliver LLC (0.44%). Company insiders that own Profire Energy stock include Brenton W Hatch, Harold Albert, Ronald R Spoehel and Ryan W Oviatt. View Institutional Ownership Trends for Profire Energy.

Profire Energy's stock was sold by a variety of institutional investors in the last quarter, including Beck Mack & Oliver LLC, Pacific Ridge Capital Partners LLC, Vanguard Group Inc., Royce & Associates LP and SG Americas Securities LLC. Company insiders that have sold Profire Energy stock in the last year include Brenton W Hatch and Harold Albert. View Insider Buying and Selling for Profire Energy.

Profire Energy's stock was purchased by a variety of institutional investors in the last quarter, including Tocqueville Asset Management L.P.. Company insiders that have bought Profire Energy stock in the last two years include Ronald R Spoehel and Ryan W Oviatt. View Insider Buying and Selling for Profire Energy.

Shares of Profire Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Profire Energy stock can currently be purchased for approximately $1.76.