Insider Selling: Pason Systems (TSE:PSI) Insider Sells C$40,004.36 in Stock

Pason Systems Inc. (TSE:PSI) insider Kevin Boston sold 2,714 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of C$14.74, for a total value of C$40,004.36. Following the sale, the insider owned 7,300 shares in the company, valued at C$107,602. This trade represents a 27.10% decrease in their ownership of the stock.

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

• On Thursday, August 13th, Kevin Boston sold 6,000 shares of Pason Systems stock. The stock was sold at an average price of C$14.64, for a total value of C$87,840.00.
• On Wednesday, June 3rd, Kevin Boston sold 100 shares of Pason Systems stock. The stock was sold at an average price of C$14.94, for a total value of C$1,494.00.
• On Friday, May 29th, Kevin Boston sold 400 shares of Pason Systems stock. The stock was sold at an average price of C$14.62, for a total value of C$5,848.00.
• On Friday, May 29th, Kevin Boston sold 1,600 shares of Pason Systems stock. The shares were sold at an average price of C$14.60, for a total value of C$23,360.00.
• On Friday, May 29th, Kevin Boston sold 2,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.74, for a total value of C$29,480.00.
• 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 value 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 value of C$18,668.00.
• On Wednesday, May 27th, Kevin Boston sold 2,000 shares of Pason Systems stock. The stock was sold at an average price of C$14.47, for a total value of C$28,940.00.

Pason Systems Trading Down 2.4%

Shares of TSE:PSI opened at C$13.80 on Thursday. The business’s 50 day moving average price is C$12.92 and its 200-day moving average price is C$13.20. Pason Systems Inc. has a 1 year low of C$11.17 and a 1 year high of C$15.47. The firm has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 10.78 and a beta of 0.43. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.29 and a quick ratio of 3.54.

Pason Systems (TSE:PSI) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 EPS for the quarter. The company had revenue of C$100.78 million during the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. On average, equities research analysts forecast that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.52 dividend on an annualized basis and a yield of 3.8%. Pason Systems’s dividend payout ratio (DPR) is currently 83.87%.

Analyst Upgrades and Downgrades

Several research firms have commented on PSI. TD Securities upgraded Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. TD decreased their target price on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Finally, Royal Bank Of Canada lifted their price target on Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Pason Systems currently has an average rating of “Moderate Buy” and a consensus target price of C$15.83.

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.