Pason Systems Inc. to Post Q4 2016 Earnings of ($0.01) Per Share, National Bank Financial Forecasts (PSI)
Pason Systems Inc. (TSE:PSI) – National Bank Financial boosted their Q4 2016 earnings estimates for shares of Pason Systems in a research report issued on Wednesday. National Bank Financial analyst G. Colman now expects that the brokerage will post earnings per share of ($0.01) for the quarter, up from their previous forecast of ($0.02). National Bank Financial currently has a “Outperform” rating on the stock.
Separately, GMP Securities downgraded shares of Pason Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 18th.
Pason Systems (TSE:PSI) opened at 15.92 on Monday. The stock has a 50 day moving average of $16.29 and a 200 day moving average of $17.18. Pason Systems has a 12-month low of $14.46 and a 12-month high of $21.41. The stock’s market cap is $1.34 billion.
In other news, insider Ronald Dudar sold 2,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of C$19.25, for a total transaction of C$46,200.00. Also, insider Marcel Kessler acquired 3,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were purchased at an average cost of C$17.64 per share, for a total transaction of C$52,920.00.
Pason Systems Company Profile
Pason Systems Inc is a provider of data management systems for drilling rigs. The Company offers solutions, which include data acquisition, wellsite reporting, remote communications, and Web-based information management, enables collaboration between the rig and the office. It operates through three geographic segments: Canada, the United States, and International (Latin America, Offshore, the Eastern Hemisphere and the Middle East).
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