Insider Selling: Pason Systems (TSE:PSI) Insider Sells C$95,550.00 in Stock

Pason Systems Inc. (TSE:PSI) insider Russell Smith sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of C$14.70, for a total value of C$95,550.00. Following the sale, the insider directly owned 7,500 shares of the company’s stock, valued at approximately C$110,250. This represents a 46.43% decrease in their ownership of the stock.

Pason Systems Stock Down 2.4%

PSI stock opened at C$13.80 on Thursday. Pason Systems Inc. has a one year low of C$11.17 and a one year high of C$15.47. The stock has a market capitalization of C$1.07 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 10.78 and a beta of 0.43. 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 company has a fifty day moving average of C$12.92 and a 200-day moving average of C$13.20.

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, analysts expect that Pason Systems Inc. will post 1.229765 EPS for the current year.

Pason Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.8%. Pason Systems’s dividend payout ratio is 83.87%.

Wall Street Analyst Weigh In

PSI has been the subject of several recent analyst reports. TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. TD dropped 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 upped their price target on Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. One equities research 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 stock. According to data from MarketBeat.com, Pason Systems currently has a consensus 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.