Aegis Capital Maintains Their Buy Rating on Profire Energy (PFIE)


Aegis Capital analyst James Jang maintained a Buy rating on Profire Energy (PFIE) today and set a price target of $3.50. The company’s shares opened today at $1.20.

Jang wrote:

“We expect PFIE to continue to look for accretive acquisitions throughout our forecast period.”

According to TipRanks.com, Jang is ranked #4325 out of 5229 analysts.

Profire Energy has an analyst consensus of Moderate Buy, with a price target consensus of $3.50.

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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 $1.67 million. In comparison, last year the company had a net profit of $1.71 million.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PFIE in relation to earlier this year.

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. engages in the development of burner-management technologies used on a 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.

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