Kevin Boston Sells 2,714 Shares of Pason Systems (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI) insider Kevin Boston sold 2,714 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of C$14.74, for a total transaction of C$40,004.36. Following the sale, the insider directly owned 7,300 shares in the company, valued at approximately C$107,602. The trade was a 27.10% decrease in their position.

Kevin Boston also recently made the following trade(s):

• On Thursday, August 13th, Kevin Boston sold 6,000 shares of Pason Systems stock. The stock was sold at an average price of C$14.64, for a total transaction of C$87,840.00.
• On Wednesday, June 3rd, Kevin Boston sold 100 shares of Pason Systems stock. The shares were sold at an average price of C$14.94, for a total transaction of C$1,494.00.
• On Friday, May 29th, Kevin Boston sold 400 shares of Pason Systems stock. The shares were sold at an average price of C$14.62, for a total transaction of C$5,848.00.
• On Friday, May 29th, Kevin Boston sold 1,600 shares of Pason Systems stock. The shares were sold at an average price of C$14.60, for a total transaction of C$23,360.00.
• On Friday, May 29th, Kevin Boston sold 2,000 shares of Pason Systems stock. The stock was sold at an average price of C$14.74, for a total transaction of C$29,480.00.
• On Wednesday, May 27th, Kevin Boston sold 200 shares of Pason Systems stock. The shares were sold at an average price of C$14.37, for a total transaction of C$2,874.00.
• On Wednesday, May 27th, Kevin Boston sold 1,300 shares of Pason Systems stock. The shares were sold at an average price of C$14.36, for a total transaction of C$18,668.00.
• On Wednesday, May 27th, Kevin Boston sold 2,000 shares of Pason Systems stock. The stock was sold at an average price of C$14.47, for a total value of C$28,940.00.

Pason Systems Stock Performance

Shares of PSI stock traded down C$0.04 during mid-day trading on Monday, hitting C$14.52. 97,622 shares of the stock were exchanged, compared to its average volume of 246,015. The stock’s fifty day simple moving average is C$12.90 and its two-hundred day simple moving average is C$13.16. The company has a debt-to-equity ratio of 5.51, a quick ratio of 3.54 and a current ratio of 2.29. Pason Systems Inc. has a 12-month low of C$11.09 and a 12-month high of C$15.47. The stock has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 10.78 and a beta of 0.43.

Pason Systems (TSE:PSI) last posted its earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share for the quarter. The business had revenue of C$100.78 million during the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%. On average, analysts forecast that Pason Systems Inc. will post 1.229765 EPS for the current year.

Pason Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 16th. Pason Systems’s payout ratio is presently 83.87%.

Analyst Upgrades and Downgrades

PSI has been the topic of several research reports. TD Securities raised shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. TD reduced their target price on shares of Pason Systems from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Monday, July 13th. Finally, Royal Bank Of Canada increased their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.83.

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.