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Can Profire Energy (PFIE) Continue to Surge?
February 06, 2014

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One company that should be on your radar is Profire Energy, Inc. (PFIE - Free Report) . The stock of this oil and gas equipment manufacturer has seen its Zacks Rank surge over the past four weeks, moving from Neutral territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For PFIE’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to just none lower. This trend has helped the consensus estimate to trend higher, going from 3 cents a share a month ago to its current level at 14 cents.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, PFIE has seen some pretty solid trading lately, as the company has moved higher by 12.9% in the past month.

If Profire Energy can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put PFIE on your watch list for the future.

Other top-ranked stocks worth considering in this space include Dril-Quip, Inc. (DRQ - Free Report) , Matrix Service Company (MTRX - Free Report) and ARC Resources Ltd. . While Dril-Quip carries a Zacks Rank #2, Matrix Service Company and ARC Resources hold Zacks Rank #1.

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