Pason Systems (TSE:PSI) Insider Sells C$121,945.00 in Stock

Pason Systems Inc. (TSE:PSI) insider Bryce Mclean sold 8,410 shares of Pason Systems stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of C$14.50, for a total value of C$121,945.00. Following the sale, the insider directly owned 8,853 shares of the company’s stock, valued at C$128,368.50. This represents a 48.72% decrease in their position.

Pason Systems Price Performance

TSE:PSI opened at C$14.86 on Friday. The firm has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 10.78 and a beta of 0.41. Pason Systems Inc. has a 52-week low of C$11.09 and a 52-week high of C$15.47. The stock has a fifty day moving average of C$13.65 and a 200 day moving average of C$12.77. 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 posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. The company had revenue of C$102.44 million during the quarter. Pason Systems had a return on equity of 9.49% and a net margin of 11.31%. On average, research analysts expect that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.

Pason Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors 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 annualized dividend and a yield of 3.5%. Pason Systems’s dividend payout ratio (DPR) is currently 86.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. TD Securities upgraded Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. TD upgraded Pason Systems from a “hold” rating to a “buy” rating and raised their price target for the company from C$13.00 to C$18.00 in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Pason Systems currently has a consensus rating of “Buy” and a consensus target price 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.