Pason Systems (TSE:PSI) Issues Earnings Results

Pason Systems (TSE:PSI) released its earnings results on Thursday. The company reported C$0.17 EPS for the quarter, FiscalAI reports. The firm had revenue of C$102.44 million for the quarter. Pason Systems had a return on equity of 10.80% and a net margin of 12.68%.

Pason Systems Stock Down 2.1%

PSI opened at C$14.56 on Friday. The company has a quick ratio of 3.54, a current ratio of 1.98 and a debt-to-equity ratio of 10.90. The firm has a 50 day moving average price of C$13.16 and a 200-day moving average price of C$12.52. Pason Systems has a twelve month low of C$10.95 and a twelve month high of C$15.47. The stock has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 10.78 and a beta of 0.41.

Pason Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a $0.13 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. Pason Systems’s payout ratio is currently 76.47%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PSI. TD Securities raised shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday. TD upgraded shares of Pason Systems from a “hold” rating to a “buy” rating and increased their price target for the company from C$13.00 to C$18.00 in a report on Tuesday. Finally, National Bank Financial reduced their price target on shares of Pason Systems from C$17.00 to C$15.50 and set a “sector perform” rating for the company in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$15.13.

About Pason Systems

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.