Roth Capital Believes PFIE Won’t Stop Here

By Austin Angelo

Roth Capital analyst Joseph Reagor reiterated a Buy rating on Profire Energy (NASDAQ: PFIE) on March 10 and set a price target of $1.75. The company’s shares opened today at $1.62, close to its 52-week high of $1.65.

According to TipRanks.com, Reagor is a 1-star analyst with an average return of -0.3% and a 32.0% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Platform Specialty Products, and Gold Standard Ventures Corp.

Profire Energy has an analyst consensus of Moderate Buy.

Based on Profire Energy’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $7.02 million and quarterly net profit of $608.9K. In comparison, last year the company earned revenue of $7.55 million and had a net profit of $478.8K.

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.