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 business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$14.66, for a total value of C$190,580.00. Following the completion of 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 position.

Pason Systems Stock Down 3.6%

TSE:PSI traded down C$0.53 during mid-day trading on Tuesday, reaching C$14.01. The stock had a trading volume of 257,556 shares, compared to its average volume of 207,677. The stock has a market cap of C$1.09 billion, a P/E ratio of 23.35, a PEG ratio of 10.78 and a beta of 0.41. Pason Systems Inc. has a fifty-two week low of C$11.09 and a fifty-two week high of C$15.47. The business’s 50 day moving average is C$13.26 and its 200 day moving average is C$12.57. 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 posted its earnings results on Thursday, May 7th. The company reported C$0.17 earnings per share for the quarter. The company had revenue of C$102.44 million for the quarter. Pason Systems had a return on equity of 9.49% and a net margin of 11.31%. As a group, sell-side analysts predict that Pason Systems Inc. will post 1.229765 earnings per share for the current year.

Pason Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.52 dividend on an annualized basis and a yield of 3.7%. Pason Systems’s dividend payout ratio is presently 86.67%.

Analyst Ratings Changes

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