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Profire Energy (NASDAQ:PFIE) Stock, Option Chain

Profire Energy

Profire Energy Inc is an oilfield technology company operating in the United States. It is engaged in the business of developing combustion management technologies for the oil and gas industry. The company specializes in the creation of burner-management systems, used on a variety of oilfield natural-draft fire tube vessels. In addition to the burner-management systems, the company also sell complementary oilfield products to its customer. Geographically, the company divides its business into two business unit namely the United States and Canada and majority of its revenue comes from the United States.

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PFIE

CECO Environmental Corp. will acquire Profire Energy for $2.55/share, a 46.5% premium over its closing price. The deal values Profire at $125 million.

Why Is Profire Energy Stock Jumping Today?

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Oil prices remain highly favorable, boosting exploration and production activities and driving robust demand for drilling and production equipment. This positive trend enhances the outlook for the Zacks Oil and Gas- Mechanical and Equipment industry.


3 Oil &amp; Gas Equipment Stocks to Gain From the Promising Industry

Intraday Update

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	Gaucho Group Holdings, Inc.  (NASDAQ: VINO) jumped 95.2% to $3.7280. Gaucho Group is planning to list two of its retail properties in Argentina, in San Rafael and Cordoba, for sale, priced at $2 million and $0.7 million respectively.


Why Cal-Maine Foods Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Profire Energy Inc

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) reported quarterly earnings of $0.04 per share which met the analyst consensus estimate. This is unchanged from the same period last year. The company reported quarterly sales of $17.20 million which beat the analyst consensus estimate of $15.20 million by 13.16 percent. This is a 15.99 percent increase over sales of $14.83 million the same period last year.

Earnings Beats

Profire Energy Q3 EPS $0.04, Inline, Sales $17.20M Beat $15.20M Estimate

Lake Street analyst Robert Brown downgrades Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) from Buy to Hold and announces $2.55 price target.

Downgrades

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Lake Street Downgrades Profire Energy to Hold, Announces $2.55 Price Target

WIIM

Profire Energy shares are trading higher after the company announced it entered a definitive agreement to be acquired by CECO.

Profire Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) shares are trading higher on Tuesday after the company inked a definitive deal under which CECO Environmental Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) will acquire Profire in an all-cash transaction <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41593726/ceco-environmental-to-acquire-profire-energy-for-125-million" rel="noreferrer noopener">at a price of $2.55 per share</a>.
The offer price reflects a 46.5% premium over Profire&#8217;s October 25, 2024 closing share price of $1.74 and a 60.3% premium over its 30-day volume-weighted average price as of that date.
The offer will remain open for an initial period of 20 business days, with possible extensions as needed.
Approved unanimously by Profire&#8217;s Board, the transaction values Profire&#8217;s equity at roughly $125 million, with an enterprise value of approximately $108 million.
Following this, Profire&#8217;s common stock will be delisted from public markets. The transaction is expected to close in the first quarter of 2025.
For 2024, Profire projects sales exceeding $60 million with adjusted EBITDA margins of around 20%.
Todd Gleason, CECO&#8217;s Chief Executive Officer, said, &#8220;With an installed base approaching 100,000 burner management systems and a growing industrial market product offering, we look forward to accelerating their global market expansion and introducing their high-efficiency solutions to more customers in industrial air and water.&#8221;
Cameron Tidball and Ryan Oviatt, co-CEOs of Profire stated, &#8220;The combination of our well-established leadership in niche energy and industrial mission critical applications with CECO&#8217;s proven track record of acquiring and investing in companies to enhance their growth and create scale will unlock even more value for all constituents.&#8221;
As of September&nbsp;30, 2024, CECO&#8217;s cash and cash equivalents <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41594335/ceco-environmental-reports-third-quarter-2024-results" rel="noreferrer noopener">stood at $38.9 million</a>.
Price Action: PFIE shares are up 46.8% at $2.51 at the last check Tuesday.
Image via Shutterstock
Read Next:
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The transaction, which has been unanimously approved by Profire's Board of Directors, implies an equity value of approximately $125 million and a total enterprise value for Profire of approximately $108 million.

CECO Environmental Agrees To Acquire Profire Energy In An All-cash Transaction At $2.55 Per Share

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Shares of oil and gas companies are trading lower following reports suggesting an impending deal will restart Libyan oil production and exports.

Profire Energy shares are trading higher after the company reported better-than-expected Q2 financial results.

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $0.03 by 33.33 percent. The company reported quarterly sales of $15.200 million which beat the analyst consensus estimate of $14.100 million by 7.80 percent. This is a 5.23 percent increase over sales of $14.444 million the same period last year.

Profire Energy Q2 2024 Adj. EPS $0.04 Beats $0.03 Estimate, Sales $15.200M Beat $14.100M Estimate

Oil prices remain highly favorable, boosting exploration and production activities and driving robust demand for drilling and production equipment. This positive trend enhances the outlook for the Zacks&nbsp;Oil and Gas- Mechanical and Equipment&nbsp;industry. 
Investors are encouraged by the industry players&#39; inorganic expansion strategies and initiatives to reduce Scope 1 and 2 emissions. Several oil and gas equipment companies boast strong balance sheets with no debt, positioning them well to navigate business uncertainties. Leading companies in this space include Kodiak Gas Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kgs#NYSE">KGS</a>), PEDEVCO Corp. (AMEX:PED), and Profire Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pfie#NASDAQ">PFIE</a>).
About the Industry
The Zacks&nbsp;Oil and Gas - Mechanical and Equipment&nbsp;industry comprises companies that provide necessary oilfield equipment &mdash; production machinery, pumps, valves and several other drilling appliances like rig components &mdash; to exploration and production companies. These help upstream energy players extract crude oil and natural gas from fields onshore and offshore. Hence, the well-being of oilfield equipment businesses is positively correlated to expenditures by upstream companies. These companies receive deals from integrated energy firms and independent as well as national oil and gas companies. Oilfield equipment providers also design, manufacture, engineer and install products that treat and process crude oil, natural gas and others. Their products comprise gadgets and instruments for gas compression packages and water treatment works.
What&#39;s Shaping the Future of the Oil &amp; Gas Equipment Industry?
Drilling &amp; Production Equipment Demand to Improve: The demand for drilling and production equipment is poised for significant improvement as oil prices exceed $80 per barrel. This favorable pricing environment is encouraging exploration and production companies to escalate their upstream activities, thereby driving robust demand for drilling &amp; production equipment of the companies belonging to the industry.
Inorganic Expansion: In the competitive market landscape, numerous industry players are making inorganic expansion a strategic priority. This approach is anticipated to enhance shareholder value by targeting acquisitions of businesses that offer stable revenue streams and intellectual property benefits.
Reduction in Scope 1 and 2 Emissions: Oil and gas equipment companies are implementing decarbonization initiatives to reduce Scope 1 and 2 emissions, aligning with global sustainability goals. These measures not only contribute to mitigating global warming but also position these companies favorably within the increasingly environmentally conscious market. By adopting advanced technologies and operational efficiencies, these firms are not only addressing regulatory pressures but also enhancing their long-term viability and appeal to ESG-focused investors.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Oil and Gas - Mechanical and Equipment is a seven-stock group within the broader Zacks&nbsp;Oil - Energy&nbsp;sector. The industry currently carries a Zacks Industry Rank #103, which places it in the top 41% of more than 250 Zacks industries.
The group&#39;s&nbsp;Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates bullish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Before we present a few stocks that you may want to consider, let&#39;s look at the industry&#39;s recent stock-market performance and valuation picture.
Industry Outperforms Sector, S&amp;P 500 
The Zacks Oil and Gas - Mechanical and Equipment industry has outperformed the broader Zacks Oil - Energy sector and the Zacks S&amp;P 500 composite over the past year.
The industry has risen 36% in the past year, surpassing the broader sector&#39;s improvement of 14.7% and&nbsp;the S&amp;P 500&#39;s gain of 26.9%.
One-Year Price Performance
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/price amuuuuuu.jpg" style="height:322px; width:620px" />
Industry&#39;s Current Valuation
Since oilfield equipment providers are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/Earnings before Interest Tax Depreciation and Amortization) ratio. This is because the valuation metric takes into account not just equity but also the level of debt. For capital-intensive companies, EV/EBITDA is a better valuation metric because it is not influenced by changing capital structures and ignores the effect of non-cash expenses.
Based on the trailing 12-month enterprise value-to-EBITDA (EV/EBITDA), the industry is currently trading at 9.01X, lower than the S&amp;P 500&#39;s 19.84X. However, it is higher than the sector&#39;s trailing 12-month EV/EBITDA of 2.98X.
Over the past five years, the industry has traded as high as 13.42X, as low as 2.42X, and with a median of 10.50X.
Trailing 12-Month Enterprise Value-to EBITDA (EV/EBITDA) Ratio
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/val s&amp;p 500 amuuuu.jpg" style="height:169px; width:620px" />
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/val sec amuuu(1).jpg" style="height:169px; width:620px" />
3 Oil &amp; Gas Equipment Stocks Leading the Pack
Profire Energy: It is a leading provider of powerful and safe burner and combustion management solutions. The company&#39;s business is mainly focused on the energy sector&#39;s upstream, midstream and downstream areas. Profire Energy, carrying a Zacks Rank #3 (Hold), is focused on expanding its product solutions in oil and gas operations that have new opportunities.
Price and Consensus: PFIE
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/pfie pricee amuuu.jpg" style="height:475px; width:620px" />
Kodiak Gas Services: Being a well-known natural gas contract compression service provider, Kodiak Gas Services is strongly footed to gain from increasing clean energy demand. The stock, carrying a Zacks Rank of 3, has witnessed upward earnings estimate revisions for 2024 over the past 30 days.
Price and Consensus: KGS
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/kgs pricee amuuu.jpg" style="height:478px; width:620px" />
PEDEVCO Corp: The company is poised for continued growth with the anticipated increase in production from new non-operated wells in the D-J Basin. PEDEVCO, holding a Zacks Rank #1 (Strong Buy), is concentrating its efforts on developing the Permian Basin, recognized as the most productive basin in the United States.
Price and Consensus: PED
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ped priceee amuu.jpg" style="height:470px; width:620px" />
<a href="https://www.zacks.com/commentary/2291289/3-oil-gas-equipment-stocks-to-gain-from-the-promising-industry?cid=CS-BENZ-FT-industry_outlook-2291289">To read this article on Zacks.com click here.</a>

3 Oil & Gas Equipment Stocks to Gain From the Promising Industry

Buybacks

Profire Energy Plans Repurchase Of Up To $2M Of Common Stock Between Now And June 30, 2025

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) reported quarterly earnings of $0.03 per share which met the analyst consensus estimate. This is a 40 percent decrease over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $13.641 million which beat the analyst consensus estimate of $13.100 million by 4.13 percent. This is a 6.27 percent decrease over sales of $14.553 million the same period last year.

Profire Energy Q1 2024 GAAP EPS $0.03, Inline, Sales $13.641M Beat $13.100M Estimate

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) reported its Q4 earnings results on Wednesday, March 13, 2024 at 04:30 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Profire Energy beat estimated earnings by 75.0%, reporting an EPS of $0.07 versus an estimate of $0.04.
Revenue was up $400 thousand from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.0 which was followed by a 3.0% increase in the share price the next day.
Here's a look at Profire Energy's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.04</td>
<td>0.03</td>
<td>0.02</td>
<td>0.02</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.04</td>
<td>0.06</td>
<td>0.05</td>
<td>0.04</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>14.79M</td>
<td>14.12M</td>
<td>12.35M</td>
<td>12.25M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>14.83M</td>
<td>14.44M</td>
<td>14.55M</td>
<td>14.00M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Profire Energy <a href="https://www.benzinga.com/quote/PFIE/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Profire Energy Q4 Earnings

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.03 by 133.33 percent. The company reported quarterly sales of $14.400 million which missed the analyst consensus estimate of $14.615 million by 1.47 percent. This is a 2.86 percent increase over sales of $14.000 million the same period last year.

Earnings Misses

Profire Energy Q4 2023 GAAP EPS $0.07 Beats $0.03 Estimate, Sales $14.400M Miss $14.615M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Sangamo Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) is likely to report quarterly loss at $0.26 per share on revenue of $8.10 million.
&bull; Silence Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLN#NASDAQ">SLN</a>) is expected to report earnings for its fourth quarter.
&bull; Optical Cable (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCC#NASDAQ">OCC</a>) is likely to report earnings for its first quarter.
&bull; Perma-Fix Envirn Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PESI#NASDAQ">PESI</a>) is likely to report quarterly earnings at $0.06 per share on revenue of $22.50 million.
&bull; Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) is estimated to report quarterly earnings at $2.65 per share on revenue of $8.67 billion.
&bull; Magic Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGIC#NASDAQ">MGIC</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $117.50 million.
&bull; Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $1.62 billion.
&bull; iShares $ Corp Bond UCITS ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>) is estimated to report quarterly loss at $0.23 per share on revenue of $4.73 million.
&bull; Aadi Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AADI#NASDAQ">AADI</a>) is estimated to report quarterly loss at $0.65 per share on revenue of $6.29 million.
&bull; Moolec Science (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLEC#NASDAQ">MLEC</a>) is likely to report quarterly loss at $0.07 per share on revenue of $600 thousand.
&bull; ADC Therapeutics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADCT#NYSE">ADCT</a>) is likely to report quarterly loss at $0.50 per share on revenue of $15.33 million.
&bull; Target Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) is expected to report quarterly earnings at $0.24 per share on revenue of $118.00 million.
&bull; iSpecimen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPC#NASDAQ">ISPC</a>) is expected to report quarterly loss at $0.24 per share on revenue of $3.04 million.
&bull; WideOpenWest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOW#NYSE">WOW</a>) is projected to report quarterly loss at $0.01 per share on revenue of $170.57 million.
&bull; Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is estimated to report earnings for its fourth quarter.
&bull; Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) is expected to report quarterly earnings at $0.31 per share on revenue of $1.15 billion.
&bull; ZIM Integrated Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) is estimated to report quarterly loss at $1.29 per share on revenue of $1.28 billion.
&bull; ProFrac Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACDC#NASDAQ">ACDC</a>) is projected to report quarterly earnings at $0.02 per share on revenue of $594.97 million.
&bull; Sharecare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHCR#NASDAQ">SHCR</a>) is likely to report quarterly loss at $0.06 per share on revenue of $114.99 million.
&bull; Village Farms Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFF#NASDAQ">VFF</a>) is likely to report quarterly loss at $0.02 per share on revenue of $69.79 million.
&bull; Vera Bradley (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRA#NASDAQ">VRA</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $136.05 million.
&bull; Global Indemnity Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBLI#NYSE">GBLI</a>) is likely to report quarterly earnings at $0.54 per share on revenue of $141.00 million.
<h3>Companies Reporting After The Bell</h3>
&bull; i-80 Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IAUX#AMEX">IAUX</a>) is estimated to report earnings for its fourth quarter.
&bull; RCM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCMT#NASDAQ">RCMT</a>) is expected to report quarterly earnings at $0.62 per share on revenue of $72.29 million.
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&bull; Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) is estimated to report quarterly earnings at $2.20 per share on revenue of $7.39 billion.
&bull; Superior Gr of Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGC#NASDAQ">SGC</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $142.86 million.
&bull; Turtle Beach (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEAR#NASDAQ">HEAR</a>) is estimated to report quarterly earnings at $0.60 per share on revenue of $111.60 million.
&bull; Cue Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLTH#NASDAQ">HLTH</a>) is likely to report quarterly loss at $0.44 per share on revenue of $17.68 million.
&bull; Navigator Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVGS#NYSE">NVGS</a>) is expected to report quarterly earnings at $0.30 per share on revenue of $130.76 million.
&bull; GrowGeneration (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRWG#NASDAQ">GRWG</a>) is likely to report quarterly loss at $0.13 per share on revenue of $45.52 million.
&bull; Anika Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANIK#NASDAQ">ANIK</a>) is expected to report quarterly loss at $0.26 per share on revenue of $41.40 million.
&bull; FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $23.12 million.
&bull; BGSF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGSF#NYSE">BGSF</a>) is estimated to report quarterly earnings at $0.08 per share on revenue of $75.05 million.
&bull; Boxlight (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOXL#NASDAQ">BOXL</a>) is expected to report quarterly loss at $0.63 per share on revenue of $36.55 million.
&bull; SentinelOne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) is projected to report quarterly loss at $0.04 per share on revenue of $169.53 million.
&bull; Gold Resource (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GORO#AMEX">GORO</a>) is projected to report quarterly loss at $0.09 per share on revenue of $18.95 million.
&bull; Logan Ridge Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRFC#NASDAQ">LRFC</a>) is likely to report quarterly earnings at $0.50 per share on revenue of $5.00 million.
&bull; KORU Medical Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRMD#NASDAQ">KRMD</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $6.94 million.
&bull; Portman Ridge Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTMN#NASDAQ">PTMN</a>) is likely to report quarterly earnings at $0.79 per share on revenue of $19.04 million.
&bull; ESS Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWH#NYSE">GWH</a>) is likely to report quarterly loss at $0.11 per share on revenue of $3.54 million.
&bull; UiPath (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) is estimated to report quarterly earnings at $0.16 per share on revenue of $383.83 million.
&bull; Vroom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRM#NASDAQ">VRM</a>) is projected to report quarterly loss at $29.60 per share on revenue of $232.00 million.
&bull; Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) is projected to report earnings for its third quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Morgan Stanley Capital Protected Notes for S&P 500 Index

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Earnings Scheduled For March 13, 2024

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-03-13. Here's what investors need to know before the announcement.
Analysts estimate that Profire Energy will report an earnings per share (EPS) of $0.04. 
Profire Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.00, which was followed by a 3.39% increase in the share price the next day.
Here's a look at Profire Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.04</td>
<td>0.03</td>
<td>0.02</td>
<td>0.02</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.04</td>
<td>0.06</td>
<td>0.05</td>
<td>0.04</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.0%</td>
<td>3.0%</td>
<td>16.0%</td>
<td>13.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1710266452_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Profire Energy were trading at $1.43 as of March 11. Over the last 52-week period, shares are up 29.73%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/PFIE/earnings">To track all earnings releases for Profire Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Profire Energy Earnings Preview

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the energy sector:</h2>
<ol>
<li>Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) - P/E: 8.95</li>
<li>Drilling Tools Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTI#NASDAQ">DTI</a>) - P/E: 5.87</li>
<li>North European Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRT#NYSE">NRT</a>) - P/E: 2.45</li>
<li>Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) - P/E: 5.56</li>
<li>Smart Sand (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SND#NASDAQ">SND</a>) - P/E: 6.6</li>
</ol>
Most recently, Profire Energy reported earnings per share at $0.04, whereas in Q2 earnings per share sat at $0.06. This quarter, Drilling Tools Intl experienced an increase in earnings per share, which was $0.05 in Q2 and is now $0.14. Most recently, North European Oil reported earnings per share at $0.0, whereas in Q3 earnings per share sat at $0.21. The company's most recent dividend yield sits at 5.61%, which has decreased by 25.0% from 30.61% last quarter. 
Most recently, Marathon Petroleum reported earnings per share at $8.14, whereas in Q2 earnings per share sat at $5.32. The company's most recent dividend yield sits at 2.22%, which has decreased by 0.11% from 2.33% last quarter. 
Smart Sand has reported Q3 earnings per share at $0.18, which has increased by 5.88% compared to Q2, which was 0.17. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

5 Value Stocks In The Energy Sector

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the energy sector:</h2>
<ol>
<li>KLX Energy Services Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLXE#NASDAQ">KLXE</a>) - P/E: 3.14</li>
<li>Eni (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>) - P/E: 9.61</li>
<li>Vitesse Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>) - P/E: 7.83</li>
<li>Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) - P/E: 9.84</li>
<li>Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) - P/E: 3.2</li>
</ol>
KLX Energy Services Hldgs has reported Q3 earnings per share at $0.51, which has decreased by 37.04% compared to Q2, which was 0.81. Eni has reported Q3 earnings per share at $1.18, which has decreased by 4.84% compared to Q2, which was 1.24. The company's most recent dividend yield sits at 3.31%, which has decreased by 0.15% from 3.46% last quarter. 
Vitesse Energy saw an increase in earnings per share from 0.35 in Q2 to $0.38 now. The company's most recent dividend yield sits at 8.44%, which has increased by 0.27% from 8.17% last quarter. 
Profire Energy saw a decrease in earnings per share from 0.06 in Q2 to $0.04 now. Most recently, Teekay Tankers reported earnings per share at $2.24, whereas in Q2 earnings per share sat at $4.38. The company's most recent dividend yield sits at 1.95%, which has decreased by 0.36% from 2.31% last quarter. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

KLXE

5 Value Stocks To Watch In The Energy Sector

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) reported quarterly earnings of $0.04 per share which met the analyst consensus estimate. This is a 100 percent increase over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $14.83 million which beat the analyst consensus estimate of $14.79 million by 0.26 percent. This is a 15.59 percent increase over sales of $12.83 million the same period last year.

Profire Energy Q3 EPS $0.04, Inline, Sales $14.83M Beat $14.79M Estimate

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) is set to give its latest quarterly earnings report on Wednesday, 2023-11-08. Here's what investors need to know before the announcement.
Analysts estimate that Profire Energy will report an earnings per share (EPS) of $0.04. 
Profire Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 3.25% increase in the share price the next day.
Here's a look at Profire Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.03</td>
<td>0.02</td>
<td>0.02</td>
<td>0.02</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.06</td>
<td>0.05</td>
<td>0.04</td>
<td>0.02</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.25%</td>
<td>15.79%</td>
<td>12.73%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1699387342_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Profire Energy were trading at $1.7 as of November 06. Over the last 52-week period, shares are up 61.36%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/PFIE/earnings">To track all earnings releases for Profire Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Profire Energy's Earnings: A Preview

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Shares of energy stocks are trading lower amid a drop in oil prices.

Profire Energy, Inc. (PFIE) Q2 2024 Earnings Call Transcript

Ceco Environmental (CECO) and Profire Energy (PFIE) announced a definitive agreement where CECO will acquire Profire in an all-cash transaction. Pr...

Ceco Environmental to acquire Profire Energy for $125M in cash

CECO Environment to buy Profire Energy in $125M deal

CECO Environmental (CECO) and Profire Energy (PFIE) announced a definitive agreement where CECO will acquire Profire, in an all-cash transaction. P...

Ceco Environmental to acquire Profire Energy for $125M

Profire Energy (PFIE) has released an update. CECO Environmental has announced its acquisition of Profire Energy for $125 million, aiming to streng...

CECO Environmental Acquires Profire Energy

CECO Environmental: Interesting Times As Expectations Rise

Era of cheap oil will test resilience of energy giants as profits drop

Reports Q3 revenue $$17.2M , consensus $15.2M.Total revenues for the period equaled $17.2 million, compared to $15.2 million in the second quarter ...

Profire Energy reports Q3 EPS 4c, consensus 4c

Profire Energy GAAP EPS of $0.04 in-line, revenue of $17.2M beats by $2M

Profire Energy ( ($PFIE) ) has released its Q3 earnings. Here is a breakdown of the information Profire Energy presented to its investors. Profire ...

Profire Energy Posts Record Revenue in Q3 2024

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Press Releases

"Stocks Key Trendlines: PRSO, PFIE, SHPH, BKYI, LIXT on the Verge of Breakthroughs"

Legal

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PFIE, CPTN, GLYC, ARC on Behalf of Shareholders

Kuehn Law Encourages PFIE, GLYC, RVNC, and RCM Investors to Contact Law Firm

PROFIRE ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Profire Energy, Inc. - PFIE

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AVTE and PFIE on Behalf of Shareholders

STOCKHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Profire Energy, Inc. - PFIE

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALTR, PFIE, GLYC on Behalf of Shareholders

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates BMTX, NXU, PFIE on Behalf of Shareholders

Profire Energy Reports Financial Results for Third Quarter 2024

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ZUO, PFIE, GLYC on Behalf of Shareholders

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