Pason Systems (TSE:PSI) Insider Celine Boston Sells 13,200 Shares

Pason Systems Inc. (TSE:PSI) insider Celine Boston sold 13,200 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of C$14.46, for a total transaction of C$190,872.00. Following the completion of the sale, the insider owned 1,893 shares in the company, valued at C$27,372.78. The trade was a 87.46% decrease in their ownership of the stock.

Pason Systems Stock Up 0.9%

PSI stock opened at C$13.97 on Tuesday. Pason Systems Inc. has a 52-week low of C$11.09 and a 52-week high of C$15.47. The company’s 50 day simple moving average is C$13.80 and its 200-day simple moving average is C$12.87. The company has a debt-to-equity ratio of 5.79, a current ratio of 2.11 and a quick ratio of 3.54. The firm has a market capitalization of C$1.08 billion, a P/E ratio of 23.28, a P/E/G ratio of 10.78 and a beta of 0.38.

Pason Systems (TSE:PSI) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. Pason Systems had a net margin of 11.31% and a return on equity of 9.49%. The business had revenue of C$102.44 million for the quarter. As a group, equities research analysts anticipate that Pason Systems Inc. will post 1.229765 EPS for the current year.

Pason Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.13 per share. The ex-dividend date is Tuesday, June 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.7%. Pason Systems’s payout ratio is currently 86.67%.

Analyst Upgrades and Downgrades

PSI has been the topic of several research reports. TD upgraded shares of Pason Systems from a “hold” rating to a “buy” rating and upped their price objective for the company from C$13.00 to C$18.00 in a research note on Tuesday, May 5th. TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Pason Systems 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.