Pason Systems Inc. (PSI) Expected to Earn Q3 2016 Earnings of ($0.08) Per Share
Pason Systems Inc. (TSE:PSI) – Analysts at National Bank Financial decreased their Q3 2016 earnings per share estimates for shares of Pason Systems in a research report issued on Wednesday. National Bank Financial analyst G. Colman now expects that the firm will earn ($0.08) per share for the quarter, down from their previous forecast of ($0.07). National Bank Financial also issued estimates for Pason Systems’ FY2016 earnings at ($0.35) EPS and FY2017 earnings at $0.10 EPS.
Separately, AltaCorp Capital reaffirmed a “sector perform” rating on shares of Pason Systems in a research report on Monday, July 11th.
Pason Systems (TSE:PSI) opened at 17.51 on Monday. The company’s market capitalization is $1.48 billion. The stock has a 50 day moving average of $17.30 and a 200-day moving average of $17.37. Pason Systems has a 52-week low of $14.46 and a 52-week high of $21.41.
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In other Pason Systems news, insider Marcel Kessler bought 3,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was acquired at an average price of C$17.64 per share, with a total value of C$52,920.00. Also, insider Ronald Dudar sold 2,400 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of C$19.25, for a total value of C$46,200.00.
About Pason Systems
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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