Q3 2016 Earnings Forecast for Pason Systems Inc. Issued By National Bank Financial (PSI)
Pason Systems Inc. (TSE:PSI) – Equities researchers at National Bank Financial reduced their Q3 2016 EPS estimates for Pason Systems in a research report issued 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 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.
A number of other equities research analysts also recently commented on the company. AltaCorp Capital reiterated a “sector perform” rating on shares of Pason Systems in a research report on Monday, July 11th. GMP Securities downgraded Pason Systems from a “buy” rating to a “hold” rating in a research report on Tuesday.
Shares of Pason Systems (TSE:PSI) opened at 16.85 on Monday. The firm has a 50-day moving average price of $17.20 and a 200 day moving average price of $17.40. Pason Systems has a 12-month low of $14.46 and a 12-month high of $21.41. The stock’s market cap is $1.42 billion.
In other Pason Systems news, insider Marcel Kessler bought 3,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were purchased 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 company’s stock in a transaction that occurred on 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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