Insider Selling: Pason Systems (TSE:PSI) Insider Sells C$243,820.00 in Stock

Pason Systems Inc. (TSE:PSI) insider Bryce Mclean sold 16,700 shares of Pason Systems stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of C$14.60, for a total value of C$243,820.00. Following the sale, the insider directly owned 8,853 shares of the company’s stock, valued at C$129,253.80. This trade represents a 65.35% decrease in their ownership of the stock.

Bryce Mclean also recently made the following trade(s):

• On Friday, August 14th, Bryce Mclean sold 2,777 shares of Pason Systems stock. The stock was sold at an average price of C$14.48, for a total value of C$40,210.96.
• On Tuesday, May 26th, Bryce Mclean sold 8,410 shares of Pason Systems stock. The shares were sold at an average price of C$14.50, for a total value of C$121,945.00.

Pason Systems Stock Down 0.3%

Shares of TSE PSI traded down C$0.04 during midday trading on Monday, hitting C$14.52. 97,622 shares of the company’s stock were exchanged, compared to its average volume of 246,015. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.29 and a quick ratio of 3.54. Pason Systems Inc. has a twelve month low of C$11.09 and a twelve month high of C$15.47. The company has a market cap of C$1.13 billion, a PE ratio of 23.42, a P/E/G ratio of 10.78 and a beta of 0.43. The firm’s fifty day simple moving average is C$12.90 and its 200-day simple moving average is C$13.16.

Pason Systems (TSE:PSI) last posted its earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share for the quarter. The firm had revenue of C$100.78 million during the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%. Research analysts predict that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.

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 given a dividend of $0.13 per share. 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 payout ratio is currently 83.87%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. TD lowered their target price on shares of Pason Systems from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Monday, July 13th. TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada boosted their price target on shares of Pason Systems from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.