Pason Systems Inc. (TSE:PSI) – Stock analysts at National Bank Financial increased their Q3 2017 earnings per share estimates for Pason Systems in a research report issued on Wednesday. National Bank Financial analyst G. Colman now anticipates that the company will post earnings per share of $0.10 for the quarter, up from their previous forecast 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 restated an “outperform” rating and issued a C$25.00 price objective on shares of Pason Systems in a report on Thursday, May 4th.
Shares of Pason Systems (TSE:PSI) opened at 17.23 on Friday. The company’s market cap is $1.46 billion. Pason Systems has a 1-year low of $14.79 and a 1-year high of $22.36. The stock’s 50 day moving average is $18.38 and its 200 day moving average is $19.05.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.17 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.95%.
In other news, insider Kevin Boston sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of C$20.45, for a total value of C$102,250.00. Also, insider James Douglas Hill sold 100,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of C$19.50, for a total transaction of C$1,950,000.00. Insiders sold a total of 243,300 shares of company stock worth $4,740,830 over the last 90 days.
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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