Profire Energy, Inc. (OTCBB: PFIE) in the last month has traded down from $0.90 since the Company reported record financial results on November 14, 2011 to roughly $0.75 in the last few days. Read More

The oil and gas industry receives plenty of press on a daily basis, as commodity traders thrive on its volatility and as majors such as Exxon Mobil Corp. (NYSE: XOM) help drive the Dow Jones Industrial Average.  There is a component to the oil and gas industry that, while less publicized, plays a critical role in the safety and efficiency of oil and gas production that is garnering more industry attention.  From an investors’ standpoint, this subsector carries a larger upside than the majority of “typical” plays in the oil Read More

Profire Energy, Inc. (OTCBB: PFIE) manufactures, installs and services oilfield combustion management systems and related burner products. Its products and services aid oil and natural gas producers in the safe and efficient development and transportation of carbon-based fuels. Profire is a market leader in Burner Management Systems (BMS) in terms of market share for the Profire Burner Management System, which is a fired heater skid mounted valve, piping, and logic safety system used to control when fuel gas is allowed to flow to the heater burners and pilots. Safe startup of fired heaters is a function of properly following established procedures for purging, pilot ignition and main burner operation.

The Company’s lead products are: Profire 2100 and Profire 1100, which are burner management systems that oil and gas producers rely on to provide dependable management and ignition of combustion burners and associated vessels such as separators, dehydrators, line heaters, incinerators, etc.

On November 14, 2011, Profire reported net income before taxes for the 9/30/11 quarter of $1.65 million on total revenues of $4.5 million. In the same quarter of 2010, Profire had net income before taxes of $894,093 and total revenues of $2,137,022., which were up 112% and 104%, respectively.

For the six month period ended September 30, 2011, revenues were $7.2 compared to $2.9 million, a 147% increase. Net income before taxes totaled $2.7, a 249% increase over the 2010 comparable period.

Andrew Limpert, Chief Financial Officer of Profire Energy stated in the press release:

The Company continues to grow at an accelerating rate. The products, specifically the PF 2100, are being well-received by existing and new clients. Further, we are encouraged by the increase of energy development activity in many areas of the US and Canada, and will continue to execute our strategic growth plan to address this expansion in the energy sector.

Profire is a also a leader in terms of research and development in the BMS market as exemplified by their establishment of their subsidiary, Profire Research and Development Engineers. This group has recently added multiple engineering modifications to:

• PF Ignition Coil,
• BMS Enclosure, associated stability and mounting brackets,
• Other accessories required for optimized application of ignition and combustion vessel safety management.

Benefits achieved for the PF 2100 through these efforts include:

• Greater durability,
• Broader temperature range usage, and
• Simplicity in manufacturing, assembly and installation.

The new components will be included in the PF 2100 shipments starting in the fourth quarter.

To learn more about Profire Energy’s products and services, see www.profireenergy.com.

Profire Energy (PFIE) Stock Quote and News:

Disclaimer: Neither http://www.otcshowcase.com nor its officers, directors, partners, employees or anyone involved in the publication of the website or newsletters (“us” or “we”) is a registered investment adviser or licensed broker-dealer in any jurisdiction whatsoever. Further, we are not qualified to provide any investment advice and we make no recommendation to purchase or sell any securities. The prior article is published as information only for our readers. otcshowcase.com is a third party publisher of news and research. Our site does not make recommendations, but offers information portals to research news, articles, stock lists and recent research. Nothing on our site should be construed as an offer or solicitation to buy or sell products or securities. This site is sometimes compensated by featured companies, news submissions and online advertising. Viper Enterprises, LLC (parent company of OTC Showcase) has been compensated twenty-six thousand dollars for one month of consultation and journalism services and to manage a comprehensive investor relations/awareness program by Profire Energy Inc. Please read and fully understand our entire disclaimer at http://www.otcshowcase.com/?page_id=190.

Profire Energy Inc. (OTCBB:PFIE) is an innovative provider of safe and efficient burner management systems and services for use in oilfield combustion, with customers like Devon Energy Corporation (NYSE: DVN) and EnCana Corporation (NYSE:ECA), as well as smaller “mom and pop” oil and gas exploration and development companies.

Triple-Digit Top & Bottom Line Growth

Last quarter, Profire Energy reported net income that rose 103% to $1,185,658, or $0.03 per share, on revenues that increased 112% to $4,522,251. The strong results were due to significant growth in both its goods and services divisions. Several new customers started purchasing systems this quarter as Profire expanded its dedicated sales staff.

While the company experienced a temporary spike in its cost of goods sold, management has addressed the issue with a sourcing employee and is expanding their production suppliers. Investors can expect these efforts to result in stabilized expenses and a long-term decline in costs as it realizes greater economies of scale.

Profire Energy appears significantly undervalued with a price-earnings ratio of just 10.3x its trailing 12-month earnings per share. Looking ahead, this earnings multiple will only decrease with triple-digit bottom-line growth rates that hit $0.03 per share this past quarter. In fact, on an annualized basis, the current net income could equate to a P/E ratio of just 6.8x.

Given its significant growth rates, the company’s earnings multiple should be much higher. Many analysts believe that a fair valuation is a P/E ratio roughly equivalent to its long-term growth rate – or a PEG ratio of 1.0. Assuming just a 20% annual long-term growth rate, this would equate to a share price of $2.40, which is nearly 200% higher than its current price.

A Great Long-term Investment Opportunity

Profire Energy represents an attractive investment opportunity at its current levels. Despite reporting triple-digit increases in its top and bottom line results, the company trades with an earnings multiple of 10.3x trailing and just 6.8x forward. These figures point to a fair valuation that could be in excess of $2.00 per share, according to metrics used by many analysts.

For more information about Profire Energy, please see the following resources:

Company Website

Recent SEC Filings

Get a detailed report on Profire Energy here.

Profire Energy Inc. (PFIE) Stock Quote and News:

Devon Energy (DVN) Stock Quote and News:

Encana (ECA) Stock Quote and News:

Disclaimer: Neither http://www.otcshowcase.com nor its officers, directors, partners, employees or anyone involved in the publication of the website or newsletters (“us” or “we”) is a registered investment adviser or licensed broker-dealer in any jurisdiction whatsoever. Further, we are not qualified to provide any investment advice and we make no recommendation to purchase or sell any securities. The prior article is published as information only for our readers. otcshowcase.com is a third party publisher of news and research. Our site does not make recommendations, but offers information portals to research news, articles, stock lists and recent research. Nothing on our site should be construed as an offer or solicitation to buy or sell products or securities. This site is sometimes compensated by featured companies, news submissions and online advertising. Viper Enterprises, LLC (parent company of OTC Showcase) has been compensated twenty-six thousand dollars for one month of consultation and journalism services and to manage a comprehensive investor relations/awareness program by Profire Energy Inc. Please read and fully understand our entire disclaimer at http://www.otcshowcase.com/?page_id=190.

LINDON, UT and EDMONTON, AB- Profire Energy, Inc. (OTCBB: PFIE) reported net income before income taxes for the quarter ending September 30, 2011 of $1,646,575 on total revenues of $4,522,521. By comparison, during the Company’s prior-year second fiscal quarter, it realized net income before taxes of $894,093 and total revenues of $2,137,022. Earnings per share for the second fiscal quarter 2012 were $.03.

Year-over-year revenue and net income growth were 112% and 104%, respectively.

“The Company continues to grow at an accelerating rate. The products, specifically the PF 2100, are being well-received by existing and new clients. Further, we are encouraged by the increase of energy development activity in many areas of the US and Canada, and will continue to execute our strategic growth plan to address this expansion in the energy sector,” said Andrew Limpert, Chief Financial Officer of Profire Energy.

The Company manufactures, installs and services oilfield combustion management systems and related burner products. Its products and services aid oil and natural gas producers in the safe and efficient development and transportation of carbon-based fuels. The Company’s lead products are the Profire 2100 and the Profire 1100, which are burner management systems that oil and gas producers rely on to provide reliable management and ignition of combustion burners and associated vessels such as separators, dehydrators, line heaters, incinerators, etc.

To learn more about Profire Energy’s products and services, please visit www.profireenergy.com. Profire has offices in Lindon, Utah, U.S.A and Edmonton, Alberta, Canada

Cautionary Note Regarding Forward-Looking Statements

This release may contain statements that are “forward-looking,” as that term is defined by the Private Securities Litigation Reform Act of 1995 or the Securities and Exchange Commission (“SEC”) in its rules, regulations and releases. The Company intends such forward-looking statement be subject to the safe harbors created thereby. Such forward-looking statements may include statements regarding our expectations for business growth, product acceptance, economic and market conditions and outlook and our ability to execute our business plans. All such forward-looking statements are subject to uncertainty and changes in circumstances. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include certain economic, business, public market and regulatory risks and factors identified in the Company’s periodic reports filed with the SEC. All forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. For a more complete understanding of the Company’s results of operations for the periods discussed in this press release you should carefully review the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 filed with the SEC on November 14, 2011, which may be viewed on the SEC’s website located at www.sec.gov.

Profire Energy (PFIE) Stock Quote and News:

Disclaimer: Neither http://www.otcshowcase.com nor its officers, directors, partners, employees or anyone involved in the publication of the website or newsletters (“us” or “we”) is a registered investment adviser or licensed broker-dealer in any jurisdiction whatsoever. Further, we are not qualified to provide any investment advice and we make no recommendation to purchase or sell any securities. The prior article is published as information only for our readers. otcshowcase.com is a third party publisher of news and research. Our site does not make recommendations, but offers information portals to research news, articles, stock lists and recent research. Nothing on our site should be construed as an offer or solicitation to buy or sell products or securities. This site is sometimes compensated by featured companies, news submissions and online advertising. Viper Enterprises, LLC (parent company of OTC Showcase) has been compensated twenty-six thousand dollars for one month of consultation and journalism services and to manage a comprehensive investor relations/awareness program by Profire Energy Inc. Please read and fully understand our entire disclaimer at http://www.otcshowcase.com/?page_id=190.