Pason Systems (TSE:PSI) Sets New 12-Month High – Should You Buy?

Pason Systems Inc. (TSE:PSI)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$13.88 and last traded at C$13.63, with a volume of 26775 shares trading hands. The stock had previously closed at C$13.58.

Wall Street Analyst Weigh In

Separately, National Bank Financial reduced their price objective 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 note on Friday, January 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$14.17.

Pason Systems Stock Performance

The company has a 50 day simple moving average of C$12.97 and a 200 day simple moving average of C$12.41. The company has a quick ratio of 3.54, a current ratio of 1.98 and a debt-to-equity ratio of 10.90. The stock has a market cap of C$1.07 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 10.78 and a beta of 0.31.

Pason Systems (TSE:PSI) last announced 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 during the quarter. As a group, equities research analysts forecast that Pason Systems Inc. will post 1.229765 EPS for the current year.

Pason Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.52 annualized dividend and a dividend yield of 3.8%. Pason Systems’s dividend payout ratio (DPR) is 76.47%.

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.