Pason Systems Inc. (TSE:PSI) Given Average Rating of “Moderate Buy” by Brokerages

Pason Systems Inc. (TSE:PSI) has received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$18.33.

Several equities analysts have recently issued reports on the stock. Barclays decreased their price target on shares of Pason Systems from C$15.00 to C$13.00 in a report on Thursday, August 15th. BMO Capital Markets reduced their target price on Pason Systems from C$22.00 to C$21.00 in a report on Thursday, August 8th. Finally, TD Securities lowered their price target on Pason Systems from C$22.00 to C$20.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

Insider Buying and Selling at Pason Systems

In other news, Senior Officer Bryce Mclean sold 4,250 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of C$18.00, for a total value of C$76,500.00. In other Pason Systems news, Senior Officer Lars Olesen sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of C$17.26, for a total transaction of C$86,300.00. Also, Senior Officer Bryce Mclean sold 4,250 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of C$18.00, for a total transaction of C$76,500.00. In the last three months, insiders have sold 51,250 shares of company stock worth $880,034. Insiders own 0.31% of the company’s stock.

Pason Systems Stock Performance

Shares of Pason Systems stock opened at C$13.39 on Tuesday. The firm has a fifty day moving average of C$15.97 and a two-hundred day moving average of C$15.84. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.54 and a current ratio of 2.62. The stock has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 10.78 and a beta of 1.60. Pason Systems has a 52 week low of C$12.33 and a 52 week high of C$18.59.

Pason Systems (TSE:PSI) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.14 EPS for the quarter. Pason Systems had a return on equity of 26.63% and a net margin of 30.14%. The business had revenue of C$95.86 million during the quarter, compared to the consensus estimate of C$90.20 million. As a group, equities research analysts predict that Pason Systems will post 0.9347537 EPS for the current year.

Pason Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Friday, September 13th. Pason Systems’s dividend payout ratio (DPR) is currently 35.86%.

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.