Chardan Capital Believes PFIE Still Has Room to Grow

By Jason Carr

In a report released today, James McIlree from Chardan Capital reiterated a Buy rating on Profire Energy (NASDAQ: PFIE), with a price target of $2.15. The company’s shares closed last Friday at $1.55, close to its 52-week high of $1.65.

According to TipRanks.com, McIlree is ranked 0 out of 5 stars with an average return of -6.2% and a 45.1% success rate. McIlree covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Iridium Communications, and KVH Industries.

Profire Energy has an analyst consensus of Moderate Buy.

The company has a one year high of $1.65 and a one year low of $0.85. Currently, Profire Energy has an average volume of 114.5K.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. Last month, Oviatt Ryan W, the Chief Financial Officer of PFIE bought 12,300 shares for a total of $10,003.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Profire Energy, Inc. is an oilfield technology company. It’s providing products that enhance the efficiency, safety, and compliance of the oil and gas industry. The company specialize in the creation of burner-management systems, used on a variety of oilfield natural-draft fire tube vessels, and primarily sell it’s products and services throughout North America. It assists energy production companies in the transportation, refinement and production of oil and natural gas. Profire Energy was founded on May 5, 2003 and is headquartered in Lindon, UT.