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Profire Energy (PFIE) Crumbles: Stock Falls by 6.0%

Zacks Equity Research

Profire Energy, Inc. (PFIE) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for PFIE, as the stock is now down over 15% in the past one-month time frame.

The oil field services company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

PFIE currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the energy sector include Valero Energy Corporation (VLO), Range Resources Corporation (RRC) and Patterson-UTI Energy Inc. (PTEN). All these stocks currently sport a Zacks Rank #1 (Strong Buy).

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PROFIRE ENERGY INC (PFIE): Free Stock Analysis Report

VALERO ENERGY CORP (VLO): Free Stock Analysis Report

PATTERSON-UTI ENERGY INC (PTEN): Free Stock Analysis Report

RANGE RESOURCES CORP (RRC): Free Stock Analysis Report

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