Pason Systems (TSE:PSI) Insider Russell Smith Sells 13,000 Shares

Pason Systems Inc. (TSE:PSI) insider Russell Smith sold 13,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$14.66, for a total value of C$190,580.00. Following the transaction, the insider owned 8,000 shares in the company, valued at C$117,280. This trade represents a 61.90% decrease in their ownership of the stock.

Pason Systems Stock Performance

Shares of PSI opened at C$14.01 on Wednesday. The business’s fifty day moving average price is C$13.26 and its 200 day moving average price is C$12.57. Pason Systems Inc. has a 12-month low of C$11.09 and a 12-month high of C$15.47. The stock has a market capitalization of C$1.09 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 10.78 and a beta of 0.41. The company has a debt-to-equity ratio of 5.79, a current ratio of 2.11 and a quick ratio of 3.54.

Pason Systems (TSE:PSI) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. Pason Systems had a return on equity of 9.49% and a net margin of 11.31%.The firm had revenue of C$102.44 million for the quarter. Equities research analysts forecast that Pason Systems Inc. will post 1.229765 EPS for the current year.

Pason Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a dividend of $0.13 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.52 annualized dividend and a yield of 3.7%. Pason Systems’s dividend payout ratio (DPR) is 86.67%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PSI. TD upgraded Pason Systems from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$13.00 to C$18.00 in a research note on Tuesday, May 5th. TD Securities upgraded Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Pason Systems presently has an average rating of “Buy” and an average price target of C$15.13.

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.