Pason Systems (TSE:PSI) Insider Sells 6,500 Shares

Pason Systems Inc. (TSE:PSI) insider Russell Smith sold 6,500 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of C$14.70, for a total transaction of C$95,550.00. Following the sale, the insider directly owned 7,500 shares in the company, valued at approximately C$110,250. This represents a 46.43% decrease in their position.

Pason Systems Price Performance

PSI traded down C$0.04 on Monday, hitting C$14.52. 97,622 shares of the company were exchanged, compared to its average volume of 246,015. Pason Systems Inc. has a fifty-two week low of C$11.09 and a fifty-two week high of C$15.47. The company has a debt-to-equity ratio of 5.51, a quick ratio of 3.54 and a current ratio of 2.29. The firm has a market capitalization of C$1.13 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 10.78 and a beta of 0.43. The business’s fifty day moving average is C$12.90 and its 200 day moving average is C$13.16.

Pason Systems (TSE:PSI) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share (EPS) for the quarter. The company had revenue of C$100.78 million during the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. As a group, sell-side analysts anticipate 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, June 30th. Investors of record on Tuesday, June 30th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.52 annualized dividend and a yield of 3.6%. Pason Systems’s payout ratio is currently 83.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PSI shares. TD Securities upgraded Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada boosted their price objective on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, TD lowered their price objective on shares of Pason Systems from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.83.

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.