Pason Systems Inc. (TSE:PSI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Pason Systems Inc. (TSE:PSI) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$18.17.

PSI has been the topic of a number of research analyst reports. BMO Capital Markets reduced their target price on Pason Systems from C$21.00 to C$18.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. Stifel Nicolaus raised their price objective on Pason Systems from C$16.00 to C$17.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th.

Insider Activity

In related news, Senior Officer Russell Smith sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$15.30, for a total transaction of C$107,100.00. Insiders own 0.31% of the company’s stock.

Pason Systems Price Performance

PSI opened at C$16.18 on Friday. Pason Systems has a 1 year low of C$10.75 and a 1 year high of C$17.49. The company’s 50 day simple moving average is C$14.99 and its 200 day simple moving average is C$14.66. The stock has a market capitalization of C$1.29 billion, a PE ratio of 13.37, a P/E/G ratio of 10.78 and a beta of 1.69. The company has a debt-to-equity ratio of 3.24, a quick ratio of 3.54 and a current ratio of 4.84.

Pason Systems (TSE:PSI) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.11 earnings per share for the quarter. Pason Systems had a net margin of 26.41% and a return on equity of 24.51%. The company had revenue of C$93.30 million for the quarter, compared to the consensus estimate of C$86.65 million. As a group, sell-side analysts expect that Pason Systems will post 1.2858226 EPS for the current year.

Pason Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 29th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Pason Systems’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 3.21%. Pason Systems’s dividend payout ratio (DPR) is 42.98%.

About Pason Systems

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.