National Bank Financial Equities Analysts Lift Earnings Estimates for Pason Systems Inc. (PSI)
Pason Systems Inc. (TSE:PSI) – Research analysts at National Bank Financial raised their FY2017 earnings per share (EPS) estimates for Pason Systems in a report issued on Wednesday. National Bank Financial analyst G. Colman now forecasts that the company will post earnings of $0.37 per share for the year, up from their prior estimate of $0.33. National Bank Financial also issued estimates for Pason Systems’ Q4 2017 earnings at $0.11 EPS.
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Separately, BMO Capital Markets restated an “outperform” rating and set a C$25.00 price target on shares of Pason Systems in a research note on Thursday, May 4th.
Pason Systems (TSE PSI) opened at 17.23 on Monday. The company has a 50-day moving average price of $18.38 and a 200-day moving average price of $19.05. Pason Systems has a one year low of $14.79 and a one year high of $22.36. The stock’s market cap is $1.46 billion.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Thursday, September 14th.
In other Pason Systems news, insider Kevin Boston sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of C$20.45, for a total transaction of C$102,250.00. Also, insider Beurden Ryan Van sold 6,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of C$20.98, for a total transaction of C$125,880.00. In the last 90 days, insiders have sold 243,300 shares of company stock valued at $4,740,830.
About Pason Systems
Pason Systems Inc provides specialized data management systems for drilling rigs worldwide. The company offers Electronic AutoDriller, which maximizes the rate of penetration by monitoring multiple drilling parameters; Electronic Choke Actuator that provides a means of remotely controlling the choke valve; and Electronic Drilling Recorder.
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