Pason Systems (TSE:PSI) PT Raised to C$20.00 at BMO Capital Markets

Pason Systems (TSE:PSI) had its price objective increased by BMO Capital Markets from C$18.00 to C$20.00 in a research note published on Tuesday morning, BayStreet.CA reports.

Separately, Stifel Nicolaus boosted their target price on Pason Systems from C$16.00 to C$17.00 and gave the stock a hold rating in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of C$18.50.

Pason Systems Stock Performance

Shares of PSI opened at C$15.98 on Tuesday. The stock has a 50-day simple moving average of C$15.14 and a 200-day simple moving average of C$14.75. The company has a debt-to-equity ratio of 3.24, a quick ratio of 3.54 and a current ratio of 4.84. The stock has a market capitalization of C$1.27 billion, a PE ratio of 13.21, a PEG ratio of 10.78 and a beta of 1.69. Pason Systems has a 1 year low of C$10.75 and a 1 year high of C$17.49.

Pason Systems (TSE:PSI) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$93.30 million during the quarter, compared to analysts’ expectations of C$86.65 million. Pason Systems had a return on equity of 24.51% and a net margin of 26.41%. On average, analysts predict that Pason Systems will post 1.2858226 earnings per share for the current fiscal year.

Pason Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 29th were given a dividend of $0.13 per share. This is a positive change from Pason Systems’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 annualized dividend and a yield of 3.25%. Pason Systems’s payout ratio is 42.98%.

Insiders Place Their Bets

In other Pason Systems news, Senior Officer Russell Smith sold 7,000 shares of Pason Systems 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. 0.31% of the stock is currently owned by corporate insiders.

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.