Pason Systems (TSE:PSI – Get Free Report) had its price target hoisted by investment analysts at BMO Capital Markets from C$18.00 to C$20.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 24.84% from the stock’s previous close.
Separately, Stifel Nicolaus increased their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$18.50.
View Our Latest Research Report on Pason Systems
Pason Systems Stock Performance
Pason Systems (TSE:PSI – Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported C$0.11 earnings per share for the quarter. Pason Systems had a return on equity of 24.51% and a net margin of 26.41%. The firm had revenue of C$93.30 million during the quarter, compared to analysts’ expectations of C$86.65 million. As a group, equities analysts anticipate that Pason Systems will post 1.2858226 EPS for the current fiscal year.
Insider Buying and Selling at Pason Systems
In other news, Senior Officer Russell Smith sold 7,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$15.30, for a total transaction of C$107,100.00. Corporate insiders own 0.31% of the company’s stock.
Pason Systems Company Profile
Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.
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