Pason Systems (TSE:PSI) Insider Russell Smith Sells 13,000 Shares

Pason Systems Inc. (TSE:PSI) insider Russell Smith sold 13,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$14.66, for a total value of C$190,580.00. Following the completion of the transaction, the insider directly owned 8,000 shares of the company’s stock, valued at approximately C$117,280. This trade represents a 61.90% decrease in their ownership of the stock.

Pason Systems Price Performance

PSI traded down C$0.53 during midday trading on Tuesday, reaching C$14.01. 257,556 shares of the company’s stock were exchanged, compared to its average volume of 207,677. The company has a quick ratio of 3.54, a current ratio of 2.11 and a debt-to-equity ratio of 5.79. The business has a 50-day simple moving average of C$13.26 and a two-hundred day simple moving average of C$12.57. The firm has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 10.78 and a beta of 0.41. Pason Systems Inc. has a one year low of C$11.09 and a one year high of C$15.47.

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

Pason Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.52 dividend on an annualized basis and a yield of 3.7%. Pason Systems’s dividend payout ratio (DPR) is presently 86.67%.

Analyst Ratings Changes

A number of brokerages recently weighed in on PSI. TD upgraded shares of Pason Systems from a “hold” rating to a “buy” rating and increased their price target for the company from C$13.00 to C$18.00 in a research 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 investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Pason Systems currently has a consensus rating of “Buy” and a consensus target price 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.