Pason Systems (TSE:PSI) Insider Sells C$189,800.00 in Stock

Pason Systems Inc. (TSE:PSI) insider Lars Olesen sold 13,000 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of C$14.60, for a total transaction of C$189,800.00. Following the transaction, the insider owned 8,800 shares in the company, valued at approximately C$128,480. This trade represents a 59.63% decrease in their position.

Pason Systems Stock Performance

Shares of TSE PSI opened at C$13.80 on Thursday. The company has a debt-to-equity ratio of 5.51, a quick ratio of 3.54 and a current ratio of 2.29. The firm has a market cap of C$1.07 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 10.78 and a beta of 0.43. The business’s 50-day simple moving average is C$12.92 and its 200-day simple moving average is C$13.20. Pason Systems Inc. has a 52 week low of C$11.17 and a 52 week high of C$15.47.

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

Pason Systems Dividend Announcement

The firm also recently declared 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 yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 16th. Pason Systems’s dividend payout ratio is 83.87%.

Wall Street Analyst Weigh In

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