Jonathan Faber Sells 45,000 Shares of Pason Systems (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI) insider Jonathan Faber sold 45,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of C$14.55, for a total transaction of C$654,750.00. Following the completion of the transaction, the insider directly owned 42,000 shares of the company’s stock, valued at C$611,100. The trade was a 51.72% decrease in their ownership of the stock.

Pason Systems Stock Performance

TSE:PSI traded down C$0.04 during trading hours on Monday, hitting C$14.52. 97,622 shares of the company were exchanged, compared to its average volume of 246,015. The stock has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 10.78 and a beta of 0.43. Pason Systems Inc. has a 52-week low of C$11.09 and a 52-week high of C$15.47. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.29 and a quick ratio of 3.54. The company’s 50 day moving average price is C$12.90 and its 200-day moving average price is C$13.16.

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

Pason Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on PSI shares. TD lowered their price target on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Royal Bank Of Canada raised their price objective on 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. Finally, TD Securities raised Pason Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$15.83.

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.