Pason Systems (TSE:PSI) Insider Sells C$28,940.00 in Stock

Pason Systems Inc. (TSE:PSI) insider Kevin Boston sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of C$14.47, for a total value of C$28,940.00. Following the completion of the sale, the insider owned 7,300 shares of the company’s stock, valued at C$105,631. This trade represents a 21.51% decrease in their ownership of the stock.

Kevin Boston also recently made the following trade(s):

• On Wednesday, May 27th, Kevin Boston sold 200 shares of Pason Systems stock. The shares were sold at an average price of C$14.37, for a total transaction of C$2,874.00.
• On Wednesday, May 27th, Kevin Boston sold 1,300 shares of Pason Systems stock. The stock was sold at an average price of C$14.36, for a total transaction of C$18,668.00.

Pason Systems Trading Down 0.4%

PSI stock traded down C$0.06 during mid-day trading on Thursday, reaching C$14.33. The company had a trading volume of 222,057 shares, compared to its average volume of 203,209. The company has a debt-to-equity ratio of 5.79, a current ratio of 2.11 and a quick ratio of 3.54. The firm has a 50 day moving average of C$13.59 and a 200 day moving average of C$12.74. Pason Systems Inc. has a 12 month low of C$11.09 and a 12 month high of C$15.47. The company has a market capitalization of C$1.11 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 10.78 and a beta of 0.41.

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

Pason Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, March 17th. Pason Systems’s payout ratio is 86.67%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PSI shares. TD upgraded shares of Pason Systems from a “hold” rating to a “buy” rating and upped their target price for the company from C$13.00 to C$18.00 in a report on Tuesday, May 5th. TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Pason Systems currently has an average rating of “Buy” and an average price target of C$15.13.

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.