Insider Selling: Pason Systems (TSE:PSI) Insider Sells 15,000 Shares of Stock

Pason Systems Inc. (TSE:PSI) insider Ryan Van Beurden sold 15,000 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$14.49, for a total value of C$217,350.00. Following the transaction, the insider directly owned 11,000 shares of the company’s stock, valued at approximately C$159,390. This trade represents a 57.69% decrease in their ownership of the stock.

Pason Systems Stock Performance

Shares of PSI traded down C$0.06 during trading hours on Thursday, hitting C$14.33. The company’s stock had a trading volume of 222,057 shares, compared to its average volume of 203,209. The company has a market cap of C$1.11 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 10.78 and a beta of 0.41. The business has a 50 day simple moving average of C$13.59 and a two-hundred day simple moving average of C$12.74. Pason Systems Inc. has a 52-week low of C$11.09 and a 52-week high of C$15.47. The company has a debt-to-equity ratio of 5.79, a current ratio of 2.11 and a quick ratio of 3.54.

Pason Systems (TSE:PSI) last posted its earnings results on Thursday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. The firm had revenue of C$102.44 million for the quarter. Pason Systems had a return on equity of 9.49% and a net margin of 11.31%. On average, equities analysts expect that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Announces Dividend

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 3.6%. Pason Systems’s dividend payout ratio (DPR) is currently 86.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PSI shares. 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. TD Securities upgraded Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Pason Systems has a consensus rating of “Buy” and an average price target 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.