Pason Systems (TSE:PSI) Announces Earnings Results

Pason Systems (TSE:PSI) announced its earnings results on Tuesday. The company reported C$0.18 EPS for the quarter, FiscalAI reports. The company had revenue of C$100.78 million during the quarter. Pason Systems had a return on equity of 9.49% and a net margin of 11.31%.

Pason Systems Stock Performance

Shares of PSI opened at C$14.59 on Thursday. Pason Systems has a 1 year low of C$11.09 and a 1 year high of C$15.47. The stock has a market capitalization of C$1.13 billion, a PE ratio of 24.32, a PEG ratio of 10.78 and a beta of 0.43. The company has a debt-to-equity ratio of 5.79, a quick ratio of 3.54 and a current ratio of 2.11. The stock has a 50-day simple moving average of C$12.88 and a 200-day simple moving average of C$13.12.

Pason Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, June 16th. Pason Systems’s dividend payout ratio (DPR) is presently 86.67%.

Insider Activity

In other news, insider Bryce Mclean sold 8,410 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of C$14.50, for a total value of C$121,945.00. Following the sale, the insider directly owned 8,853 shares in the company, valued at approximately C$128,368.50. This trade represents a 48.72% decrease in their position. Also, insider Ryan Van Beurden sold 15,000 shares of Pason Systems stock in a transaction on Thursday, May 28th. The stock was sold at an average price of C$14.49, for a total transaction of C$217,350.00. Following the sale, the insider directly owned 11,000 shares of the company’s stock, valued at approximately C$159,390. This trade represents a 57.69% decrease in their ownership of the stock. Insiders have sold 44,210 shares of company stock worth $640,831 over the last three months. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. TD Securities raised shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada upped their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, TD reduced their target price on shares of Pason Systems from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$15.83.

Pason Systems Company Profile

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.