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In a report issued on May 18, John M. White from Roth Capital reiterated a Buy rating on Profire Energy (NASDAQ: PFIE), with a price target of $5. The company’s shares closed on Friday at $4.70, close to its 52-week high of $4.74.
According to TipRanks.com, White is a 3-star analyst with an average return of 2.1% and a 49.3% success rate. White covers the Basic Materials sector, focusing on stocks such as Superior Drilling Products, Panhandle Oil and Gas, and Lonestar Resources US.
Profire Energy has an analyst consensus of Moderate Buy, with a price target consensus of $3.15.
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Based on Profire Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $1.88 million. In comparison, last year the company had a net profit of $600.1K.
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Profire Energy, Inc. engages in the development of burner-management technologies used on a variety of oilfield natural-draft fire tube vessels in oil and gas industry. It offers line-heaters, dehydrators, separators, treaters, amine reboilers, and free-water knockout systems which facilitate the proper function of the vessel.
