Pason Systems (PSYTF) to Announce Earnings on Tuesday

Pason Systems (OTCMKTS:PSYTF) will likely be releasing its resultson Tuesday, August 11th. Analysts expect the company to post earnings of $0.0962 per share and revenue of $69.0980 million for the quarter.

Pason Systems Stock Down 2.6%

Shares of Pason Systems stock traded down $0.23 during trading hours on Tuesday, reaching $8.67. The company’s stock had a trading volume of 2,836 shares, compared to its average volume of 28,560. The stock’s fifty day simple moving average is $9.35 and its two-hundred day simple moving average is $9.46. Pason Systems has a one year low of $7.89 and a one year high of $11.33.

Analyst Upgrades and Downgrades

PSYTF has been the topic of several recent analyst reports. TD Securities raised shares of Pason Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, May 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Pason Systems in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

About Pason Systems

Pason Systems Inc is a Calgary-based provider of data management, automation and software solutions for drilling operations in the oil and gas industry. Since its founding in 1975, the company has developed a suite of instrumentation and data analytics products designed to enhance the safety, efficiency and performance of drilling rigs. Pason’s core offering includes real-time data acquisition systems that collect and transmit drilling parameters such as rate of penetration, torque, hookload and mud flow, enabling operators to make informed decisions on the rig floor and in remote monitoring centers.

The company’s technology platform integrates hardware, software and communications services to deliver comprehensive wellsite data management.