In a report released today, James Jang from Aegis Capital initiated coverage with a Buy rating on Profire Energy (PFIE) and a price target of $3.50. The company’s shares opened today at $1.63, close to its 52-week low of $1.30.
According to TipRanks.com, Jang is a 1-star analyst with an average return of -1.3% and a 36.3% success rate. Jang covers the Services sector, focusing on stocks such as Eagle Bulk Shipping Inc, Genco Shipping, and Top Ships Inc.
Profire Energy has an analyst consensus of Hold.
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The company has a one-year high of $3.86 and a one-year low of $1.30. Currently, Profire Energy has an average volume of 168.2K.
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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.
