Pason Systems (TSE:PSI) Stock Rating Cut to Hold at TD Securities

TD Securities lowered shares of Pason Systems (TSE:PSI) from a strong-buy rating to a hold rating in a research report released on Tuesday morning,Zacks reports.

Several other equities analysts have also commented on PSI. TD lowered shares of Pason Systems from a “buy” rating to a “hold” rating and set a C$15.00 price objective for the company. in a research report on Tuesday. Royal Bank Of Canada lifted their price objective on shares of 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. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$15.83.

Pason Systems Stock Up 1.9%

TSE PSI opened at C$14.05 on Tuesday. 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 market capitalization of C$1.09 billion, a P/E ratio of 22.66, a P/E/G ratio of 10.78 and a beta of 0.61. Pason Systems has a one year low of C$11.50 and a one year high of C$15.47. The stock has a 50 day moving average price of C$14.30 and a 200-day moving average price of C$13.67.

Pason Systems (TSE:PSI) last posted its earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share for the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. The firm had revenue of C$100.78 million during the quarter. As a group, equities analysts predict that Pason Systems will post 1.23 EPS for the current fiscal year.

Pason Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 15th. Pason Systems’s dividend payout ratio (DPR) is presently 83.87%.

Insiders Place Their Bets

In related news, insider Bryce Mclean sold 2,777 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$14.48, for a total transaction of C$40,210.96. Following the sale, the insider owned 9,376 shares in the company, valued at approximately C$135,764.48. This represents a 22.85% decrease in their position. Also, Director Kenneth Brandon Mullen purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average price of C$13.96 per share, with a total value of C$41,880.00. Following the completion of the transaction, the director owned 8,000 shares of the company’s stock, valued at C$111,680. The trade was a 60.00% increase in their ownership of the stock. Over the last three months, insiders sold 100,191 shares of company stock worth $1,455,400. 0.13% of the stock is currently owned by company insiders.

About Pason Systems

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.