Insider Selling: Pason Systems Inc. (TSE:PSI) Senior Officer Sells 22,500 Shares of Stock

Pason Systems Inc. (TSE:PSI) Senior Officer Lars Olesen sold 22,500 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of C$15.90, for a total value of C$357,750.00.

Pason Systems Stock Performance

Shares of PSI traded down C$0.22 on Thursday, reaching C$15.71. 90,164 shares of the company’s stock traded hands, compared to its average volume of 142,163. The stock’s 50 day simple moving average is C$15.39 and its two-hundred day simple moving average is C$14.87. The stock has a market cap of C$1.25 billion, a PE ratio of 12.93, a PEG ratio of 10.78 and a beta of 1.69. Pason Systems Inc. has a 52-week low of C$10.75 and a 52-week high of C$17.49. The company has a current ratio of 4.84, a quick ratio of 3.54 and a debt-to-equity ratio of 3.24.

Pason Systems (TSE:PSI) last announced its earnings results on Wednesday, February 28th. The company reported C$0.11 earnings per share (EPS) for the quarter. The firm had revenue of C$93.30 million during the quarter, compared to analyst estimates of C$86.65 million. Pason Systems had a return on equity of 24.51% and a net margin of 26.41%. On average, analysts forecast that Pason Systems Inc. will post 1.2858226 earnings per share for the current fiscal year.

Pason Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.31%. The ex-dividend date is Friday, June 14th. Pason Systems’s dividend payout ratio is 42.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PSI shares. Stifel Nicolaus increased their price target on Pason Systems from C$16.00 to C$17.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. BMO Capital Markets increased their target price on shares of Pason Systems from C$18.00 to C$20.00 in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Pason Systems currently has an average rating of “Moderate Buy” and a consensus target price of C$18.50.

About Pason Systems

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.