Pason Systems (TSE:PSI) Given New C$13.00 Price Target at Barclays

Pason Systems (TSE:PSI) had its price target lowered by analysts at Barclays from C$15.00 to C$13.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Barclays‘s target price would suggest a potential downside of 9.66% from the company’s current price.

Other analysts have also issued reports about the stock. BMO Capital Markets lowered their price objective on shares of Pason Systems from C$22.00 to C$21.00 in a research note on Thursday, August 8th. TD Securities lowered their price objective on shares of Pason Systems from C$22.00 to C$20.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Pason Systems currently has a consensus rating of “Moderate Buy” and an average price target of C$18.33.

Pason Systems Stock Up 0.6 %

TSE:PSI traded up C$0.08 during mid-day trading on Thursday, reaching C$14.39. The company’s stock had a trading volume of 147,913 shares, compared to its average volume of 136,383. Pason Systems has a 1 year low of C$12.33 and a 1 year high of C$18.59. The stock has a fifty day moving average of C$17.05 and a 200-day moving average of C$15.88. The firm has a market capitalization of C$1.15 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 10.78 and a beta of 1.70. The company has a quick ratio of 3.54, a current ratio of 2.62 and a debt-to-equity ratio of 3.41.

Insiders Place Their Bets

In other news, Senior Officer Russell Smith sold 13,000 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of C$15.50, for a total transaction of C$201,500.00. In other news, Senior Officer Russell Smith sold 13,000 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of C$15.50, for a total transaction of C$201,500.00. Also, Senior Officer Bryce Mclean sold 4,250 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of C$18.00, for a total transaction of C$76,500.00. Over the last ninety days, insiders sold 90,350 shares of company stock worth $1,520,239. 0.31% of the stock is owned by corporate insiders.

About Pason Systems

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.