Pason Systems Inc. (PSI) to Issue Quarterly Dividend of $0.13 on March 31st

Pason Systems Inc. (TSE:PSI) announced a quarterly dividend on Tuesday, March 17th, TickerTech Dividends reports. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.13 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 17th.

Pason Systems Stock Performance

PSI stock traded down C$0.11 during trading on Friday, reaching C$12.54. 91,944 shares of the company’s stock were exchanged, compared to its average volume of 205,449. The company has a quick ratio of 3.54, a current ratio of 1.98 and a debt-to-equity ratio of 10.90. Pason Systems has a 1-year low of C$10.43 and a 1-year high of C$13.69. The company’s fifty day moving average price is C$12.45 and its 200-day moving average price is C$12.13. The firm has a market cap of C$973.74 million, a PE ratio of 18.44, a P/E/G ratio of 10.78 and a beta of 0.64.

Pason Systems (TSE:PSI) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.10 EPS for the quarter. Pason Systems had a return on equity of 10.80% and a net margin of 12.68%.The company had revenue of C$108.71 million for the quarter. On average, research analysts expect that Pason Systems will post 1.229765 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, National Bank Financial decreased their target price on shares of Pason Systems from C$17.00 to C$15.50 and set a “sector perform” rating for the company in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$14.17.

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.