Pason Systems Inc. (PSI) Forecasted to Earn Q3 2016 Earnings of ($0.08) Per Share

Pason Systems Inc. (TSE:PSI) – Stock analysts at National Bank Financial decreased their Q3 2016 earnings estimates for shares of Pason Systems in a research report issued to clients and investors on Wednesday. National Bank Financial analyst G. Colman now forecasts that the brokerage will post earnings of ($0.08) per share for the quarter, down from their prior estimate 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 restated a “sector perform” rating on shares of Pason Systems in a research report on Monday, July 11th.

Shares of Pason Systems (TSE:PSI) opened at 17.12 on Monday. The stock’s 50 day moving average price is $17.25 and its 200-day moving average price is $17.39. Pason Systems has a 52-week low of $14.46 and a 52-week high of $21.41. The firm’s market cap is $1.44 billion.

In related news, insider Marcel Kessler purchased 3,000 shares of Pason Systems stock in a transaction on Thursday, September 8th. The shares were purchased at an average price of C$17.64 per share, for a total transaction of C$52,920.00. Also, insider Ronald Dudar sold 2,400 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of C$19.25, for a total value of C$46,200.00.

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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