What Will Happen to Profire Energy, Inc. (PFIE) Next? The Stock Just Increased A Lot

March 14, 2018 - By Adrian Mccoy

Investors sentiment decreased to 1.27 in Q3 2017. Its down 0.29, from 1.56 in 2017Q2. It turned negative, as 4 investors sold Profire Energy, Inc. shares while 7 reduced holdings. 9 funds opened positions while 5 raised stakes. 9.78 million shares or 1.90% more from 9.59 million shares in 2017Q2 were reported.
Pacific Ridge Prtn Ltd has 1.17 million shares for 0.66% of their portfolio. Massachusetts-based Acadian Asset Mngmt Ltd Liability has invested 0% in Profire Energy, Inc. (NASDAQ:PFIE). Blackrock Inc holds 78,668 shares or 0% of its portfolio. White Pine Limited Liability owns 98,500 shares for 0% of their portfolio. Tocqueville Asset Management Lp reported 1.73M shares. Royal Retail Bank Of Canada accumulated 21 shares. The New Jersey-based Private Advisor Ltd has invested 0% in Profire Energy, Inc. (NASDAQ:PFIE). Renaissance Technology Ltd Company, a New York-based fund reported 563,335 shares. Perritt holds 0.26% of its portfolio in Profire Energy, Inc. (NASDAQ:PFIE) for 500,000 shares. Geode Capital Ltd Liability Corp invested in 0% or 119,381 shares. Van Den Berg Management I invested in 192,601 shares or 0.04% of the stock. Perkins Capital invested in 526,481 shares. Nationwide Fund Advisors has 140,300 shares. Deutsche Bank & Trust Ag owns 142,200 shares or 0% of their US portfolio. Moreover, Macquarie Gru Ltd has 0% invested in Profire Energy, Inc. (NASDAQ:PFIE).

The stock of Profire Energy, Inc. (NASDAQ:PFIE) is a huge mover today! The stock increased 6.67% or $0.18 during the last trading session, reaching $2.88. About 370,510 shares traded or 254.61% up from the average. Profire Energy, Inc. (NASDAQ:PFIE) has risen 50.26% since March 14, 2017 and is uptrending. It has outperformed by 33.56% the S&P500.
The move comes after 8 months positive chart setup for the $140.63M company. It was reported on Mar, 14 by Barchart.com. We have $3.02 PT which if reached, will make NASDAQ:PFIE worth $7.03M more.

Analysts await Profire Energy, Inc. (NASDAQ:PFIE) to report earnings on May, 9. They expect $0.02 EPS, up 100.00 % or $0.01 from last year’s $0.01 per share. PFIE’s profit will be $976,611 for 36.00 P/E if the $0.02 EPS becomes a reality. After $0.03 actual EPS reported by Profire Energy, Inc. for the previous quarter, Wall Street now forecasts -33.33 % negative EPS growth.

Profire Energy, Inc. (NASDAQ:PFIE) Ratings Coverage

Among 4 analysts covering Profire Energy (NASDAQ:PFIE), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Profire Energy had 9 analyst reports since August 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Chardan Capital Markets on Thursday, December 15. TH Capital initiated Profire Energy, Inc. (NASDAQ:PFIE) rating on Tuesday, December 1. TH Capital has “Buy” rating and $1.75 target. The firm earned “Buy” rating on Friday, March 2 by Roth Capital. The stock of Profire Energy, Inc. (NASDAQ:PFIE) has “Buy” rating given on Tuesday, December 1 by Roth Capital. The firm earned “Neutral” rating on Wednesday, January 27 by Chardan Capital Markets. As per Sunday, November 5, the company rating was maintained by Roth Capital. Chardan Capital Markets maintained Profire Energy, Inc. (NASDAQ:PFIE) rating on Friday, November 10. Chardan Capital Markets has “Buy” rating and $2.5 target. On Saturday, August 22 the stock rating was upgraded by Zacks to “Sell”.

More notable recent Profire Energy, Inc. (NASDAQ:PFIE) news were published by: Globenewswire.com which released: “Profire Energy Announces the Retirement of CTO Harold Albert” on February 27, 2017, also Globenewswire.com with their article: “Profire Energy, Inc. Engages Three Part Advisors for Investor Relations” published on October 18, 2017, Globenewswire.com published: “Profire Energy Reports Financial Results for Fiscal Year 2017” on March 07, 2018. More interesting news about Profire Energy, Inc. (NASDAQ:PFIE) were released by: Globenewswire.com and their article: “Profire Energy, Inc. Releases Enhanced Capabilities for the PF 3100 Burner …” published on November 02, 2017 as well as Seekingalpha.com‘s news article titled: “Profire Energy’s (PFIE) CEO Brenton Hatch on Q4 2017 Results – Earnings Call …” with publication date: March 09, 2018.

Profire Energy, Inc., an oilfield technology company, provides burner- and chemical-management services and products for the gas and oil industry primarily in the United States and Canadian markets. The company has market cap of $140.63 million. It assists energy production companies in the production and transportation of oil and natural gas. It has a 32 P/E ratio. The firm offers burner-management systems to ignite, monitor, and manage the burner flames used in oilfield vessels, as well as complementary oilfield products, such as valves and fuel trains, airplates, solar packages, and flare stack igniter and nozzles.

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