Pason Systems (TSE:PSI) Given New C$15.50 Price Target at National Bankshares

Pason Systems (TSE:PSI) had its target price reduced by National Bankshares from C$17.00 to C$15.50 in a research note published on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, Royal Bank Of Canada dropped their target price on shares of Pason Systems from C$16.00 to C$14.00 and set an “outperform” rating for the company in a report on Thursday, October 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$14.17.

Pason Systems Trading Up 1.6%

Pason Systems stock opened at C$11.79 on Friday. Pason Systems has a 12-month low of C$10.43 and a 12-month high of C$14.81. The firm has a market capitalization of C$918.49 million, a price-to-earnings ratio of 15.12, a P/E/G ratio of 10.78 and a beta of 0.67. The firm has a 50 day moving average of C$12.04 and a 200 day moving average of C$11.97. The company has a current ratio of 2.59, a quick ratio of 3.54 and a debt-to-equity ratio of 3.19.

Pason Systems (TSE:PSI) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.16 earnings per share for the quarter. The business had revenue of C$100.96 million for the quarter. Pason Systems had a net margin of 28.28% and a return on equity of 24.64%. As a group, research analysts predict that Pason Systems will post 1.229765 earnings per share for the current year.

Pason Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, December 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.4%. Pason Systems’s dividend payout ratio is currently 66.67%.

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.