Pason Systems (TSE:PSI) Announces Earnings Results

Pason Systems (TSE:PSI) announced its earnings results on Thursday. The company reported C$0.10 EPS for the quarter, FiscalAI reports. The company had revenue of C$108.71 million during the quarter. Pason Systems had a net margin of 28.28% and a return on equity of 24.64%.

Pason Systems Trading Up 0.7%

Pason Systems stock opened at C$12.98 on Friday. Pason Systems has a 12 month low of C$10.43 and a 12 month high of C$13.69. The company has a quick ratio of 3.54, a current ratio of 2.59 and a debt-to-equity ratio of 3.19. The stock has a market cap of C$1.01 billion, a P/E ratio of 16.64, a P/E/G ratio of 10.78 and a beta of 0.74. The company’s fifty day simple moving average is C$12.29 and its 200-day simple moving average is C$12.04.

Pason Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.0%. Pason Systems’s dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

Separately, National Bank Financial reduced their price target on shares of Pason Systems from C$17.00 to C$15.50 and set a “sector perform” rating for the company in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$14.17.

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.