Pason Systems Inc. (TSE:PSI) – Equities researchers at National Bank Financial raised their Q3 2017 EPS estimates for shares of Pason Systems in a research note issued on Wednesday. National Bank Financial analyst G. Colman now forecasts that the company will post earnings per share of $0.10 for the quarter, up from their prior estimate of $0.09. National Bank Financial also issued estimates for Pason Systems’ FY2018 earnings at $0.45 EPS.
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Separately, BMO Capital Markets reissued an “outperform” rating and issued a C$25.00 target price on shares of Pason Systems in a report on Thursday, May 4th.
Shares of Pason Systems (PSI) opened at 17.23 on Friday. The company’s market capitalization is $1.49 billion. The stock’s 50 day moving average price is $18.38 and its 200-day moving average price is $19.05. Pason Systems has a 1-year low of $14.79 and a 1-year high of $22.36.
In other news, 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 value of C$125,880.00. Also, insider James Douglas Hill sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of C$19.50, for a total value of C$1,950,000.00. In the last three months, insiders sold 243,300 shares of company stock worth $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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