Pason Systems (TSE:PSI) Insider Sells C$217,350.00 in Stock

Pason Systems Inc. (TSE:PSI) insider Ryan Van Beurden sold 15,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of C$14.49, for a total value of C$217,350.00. Following the completion of the sale, the insider directly owned 11,000 shares in the company, valued at C$159,390. The trade was a 57.69% decrease in their ownership of the stock.

Pason Systems Trading Down 0.4%

Shares of TSE PSI traded down C$0.06 during trading hours on Thursday, hitting C$14.33. The company’s stock had a trading volume of 222,057 shares, compared to its average volume of 203,209. The company has a debt-to-equity ratio of 5.79, a quick ratio of 3.54 and a current ratio of 2.11. The stock has a market cap of C$1.11 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 10.78 and a beta of 0.41. Pason Systems Inc. has a 12 month low of C$11.09 and a 12 month high of C$15.47. The business has a 50-day simple moving average of C$13.59 and a 200-day simple moving average of C$12.74.

Pason Systems (TSE:PSI) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.17 earnings per share for the quarter. The business 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%. On average, analysts anticipate that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Announces Dividend

The company also recently disclosed 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. This represents a $0.52 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, March 17th. Pason Systems’s payout ratio is presently 86.67%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PSI. TD Securities raised Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. TD raised Pason Systems from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$13.00 to C$18.00 in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target 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.