National Bank Financial Comments on Pason Systems Inc.’s Q4 2017 Earnings (PSI)
Pason Systems Inc. (TSE:PSI) – Investment analysts at National Bank Financial raised their Q4 2017 earnings per share (EPS) estimates for shares of Pason Systems in a research report issued to clients and investors on Tuesday. National Bank Financial analyst G. Colman now anticipates that the company will post earnings per share of $0.12 for the quarter, up from their previous estimate of $0.11. National Bank Financial currently has a “Sector Perform” rating and a $22.00 price target on the stock.
Separately, CIBC cut their target price on Pason Systems from C$21.00 to C$18.00 in a research report on Friday, October 20th.
Shares of Pason Systems (TSE PSI) traded down C$0.16 during trading on Friday, hitting C$18.75. The stock had a trading volume of 97,304 shares, compared to its average volume of 96,033. Pason Systems has a 12 month low of C$14.79 and a 12 month high of C$22.36.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.68 annualized dividend and a yield of 3.63%. Pason Systems’s payout ratio is -1,360.00%.
In other news, insider Russell Smith sold 2,500 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of C$19.25, for a total value of C$48,125.00. Also, insider Beurden Ryan Van sold 4,000 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of C$19.01, for a total value of C$76,040.00. In the last 90 days, insiders have sold 29,800 shares of company stock valued at $234,489.
About Pason Systems
Pason Systems Inc is a Canada-based global provider of instrumentation and data management systems for drilling rigs. The Company’s geographical segments include Canada, the United States, and International. The International segment includes Latin America, Offshore, the Eastern Hemisphere, and the Middle East.
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