Pason Systems Inc. (PSI) to Issue Quarterly Dividend of $0.13 on June 30th

Pason Systems Inc. (TSE:PSI) declared a quarterly dividend on Tuesday, June 16th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.13 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, June 16th.

Pason Systems Trading Down 1.6%

TSE:PSI opened at C$13.45 on Friday. Pason Systems has a fifty-two week low of C$11.09 and a fifty-two week high of C$15.47. 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 stock has a market capitalization of C$1.04 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 10.78 and a beta of 0.38. The business’s 50-day simple moving average is C$13.84 and its 200-day simple moving average is C$12.92.

Pason Systems (TSE:PSI) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.17 earnings per share for the quarter. Pason Systems had a return on equity of 9.49% and a net margin of 11.31%.The business had revenue of C$102.44 million for the quarter. Sell-side analysts expect that Pason Systems will post 1.229765 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PSI shares. TD Securities upgraded Pason Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. TD upgraded 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 report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Pason Systems has a consensus rating of “Buy” and a consensus 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.