Pason Systems (PSYTF) Expected to Release Quarterly Earnings on Tuesday

Pason Systems (OTCMKTS:PSYTF) is anticipated to release its resultson Tuesday, August 11th. Analysts expect the company to announce earnings of $0.0962 per share and revenue of $69.0980 million for the quarter.

Pason Systems Stock Performance

Shares of OTCMKTS:PSYTF traded down $0.23 during midday trading on Tuesday, hitting $8.67. 2,836 shares of the stock traded hands, compared to its average volume of 28,560. The business’s 50 day moving average is $9.35 and its two-hundred day moving average is $9.46. Pason Systems has a one year low of $7.89 and a one year high of $11.33.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PSYTF. TD Securities upgraded Pason Systems from a “hold” rating to a “buy” rating in a report on Tuesday, May 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Pason Systems in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

Pason Systems Company Profile

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.