Insider Selling: Pason Systems (TSE:PSI) Insider Sells C$190,580.00 in Stock

Pason Systems Inc. (TSE:PSI) insider Russell Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$14.66, for a total value of C$190,580.00. Following the sale, the insider owned 8,000 shares in the company, valued at approximately C$117,280. This trade represents a 61.90% decrease in their ownership of the stock.

Pason Systems Trading Up 0.4%

PSI opened at C$14.04 on Friday. The stock has a market cap of C$1.09 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 10.78 and a beta of 0.41. The stock’s 50 day moving average price is C$13.30 and its 200-day moving average price is C$12.60. Pason Systems Inc. has a one year low of C$11.09 and a one year high of C$15.47. The company has a debt-to-equity ratio of 5.79, a quick ratio of 3.54 and a current ratio of 2.11.

Pason Systems (TSE:PSI) last released its earnings results on Thursday, May 7th. The company reported C$0.17 EPS for the quarter. The firm 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, equities analysts forecast that Pason Systems Inc. will post 1.229765 EPS for the current year.

Pason Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.7%. Pason Systems’s dividend payout ratio is currently 86.67%.

Wall Street Analyst Weigh In

PSI has been the topic of a number of analyst reports. TD Securities raised Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. TD raised Pason Systems from a “hold” rating to a “buy” rating and upped their target price for the company from C$13.00 to C$18.00 in a research note on Tuesday, May 5th. One equities research 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. According to MarketBeat.com, Pason Systems currently has an average rating of “Buy” and an average price target of C$15.13.

About Pason Systems

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.