National Bank Financial Forecasts Strong Price Appreciation for Pason Systems (TSE:PSI) Stock

Pason Systems (TSE:PSI) had its target price upped by equities researchers at National Bank Financial from C$15.50 to C$17.00 in a research note issued to investors on Monday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial‘s price objective suggests a potential upside of 17.48% from the stock’s current price.

A number of other research analysts also recently issued reports on PSI. TD Securities downgraded shares of Pason Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Royal Bank Of Canada increased their target price on shares of 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. Finally, TD cut shares of Pason Systems from a “buy” rating to a “hold” rating and set a C$15.00 price target for the company. in a report on Tuesday, October 20th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Pason Systems presently has an average rating of “Hold” and an average target price of C$16.33.

Pason Systems Trading Up 4.7%

Shares of Pason Systems stock traded up C$0.65 on Monday, hitting C$14.47. 79,689 shares of the company’s stock traded hands, compared to its average volume of 234,909. Pason Systems has a one year low of C$11.50 and a one year high of C$15.47. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.29 and a quick ratio of 3.54. The company has a fifty day moving average of C$14.27 and a two-hundred day moving average of C$13.68. The company has a market capitalization of C$1.12 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 10.78 and a beta of 0.61.

Pason Systems (TSE:PSI) last released its earnings results on Tuesday, August 11th. The company reported C$0.18 EPS for the quarter. The business had revenue of C$100.78 million during the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%. As a group, sell-side analysts expect that Pason Systems will post 1.23 earnings per share for the current year.

Insiders Place Their Bets

In other Pason Systems news, insider Lars Olesen sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of C$14.60, for a total value of C$189,800.00. Following the completion of the sale, the insider owned 8,800 shares of the company’s stock, valued at approximately C$128,480. This trade represents a 59.63% decrease in their ownership of the stock. Also, insider Russell Smith sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of C$13.79, for a total value of C$103,425.00. In the last quarter, insiders have sold 100,191 shares of company stock valued at $1,455,400. 0.13% of the stock is currently owned by corporate insiders.

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.