Pason Systems (TSE:PSI) Price Target Cut to C$15.50 by Analysts at National Bankshares

Pason Systems (TSE:PSI) had its price target decreased by equities research analysts at National Bankshares from C$17.00 to C$15.50 in a report released on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 31.58% from the stock’s current price.

Separately, Royal Bank Of Canada cut their price objective on shares of Pason Systems from C$16.00 to C$14.00 and set an “outperform” rating for the company in a report on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$14.17.

Pason Systems Stock Performance

Shares of PSI traded up C$0.17 during mid-day trading on Friday, reaching C$11.78. The company had a trading volume of 115,123 shares, compared to its average volume of 220,733. The stock has a market capitalization of C$917.71 million, a P/E ratio of 15.10, a PEG ratio of 10.78 and a beta of 0.67. Pason Systems has a 52-week low of C$10.43 and a 52-week high of C$14.81. The stock has a 50 day moving average of C$12.05 and a two-hundred day moving average of C$11.97. The company has a quick ratio of 3.54, a current ratio of 2.59 and a debt-to-equity ratio of 3.19.

Pason Systems (TSE:PSI) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.16 EPS for the quarter. The business had revenue of C$100.96 million for the quarter. Pason Systems had a return on equity of 24.64% and a net margin of 28.28%. On average, analysts expect that Pason Systems will post 1.229765 earnings per share for the current year.

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.