Pason Systems Inc. (TSE:PSI) Receives C$18.33 Consensus Price Target from Analysts

Shares of Pason Systems Inc. (TSE:PSI) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$18.33.

Several research firms have issued reports on PSI. Barclays decreased their price objective on shares of Pason Systems from C$15.00 to C$13.00 in a research note on Thursday, August 15th. TD Securities decreased their target price on shares of Pason Systems from C$22.00 to C$20.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, BMO Capital Markets decreased their target price on shares of Pason Systems from C$22.00 to C$21.00 in a research note on Thursday, August 8th.

Insider Buying and Selling

In related news, Senior Officer Bryce Mclean sold 4,250 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of C$18.00, for a total transaction of C$76,500.00. In related news, Senior Officer Jonathan Faber sold 29,500 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$17.02, for a total transaction of C$502,090.00. Also, Senior Officer Bryce Mclean sold 4,250 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of C$18.00, for a total transaction of C$76,500.00. Insiders sold 46,250 shares of company stock valued at $793,734 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Pason Systems Price Performance

The company has a quick ratio of 3.54, a current ratio of 2.62 and a debt-to-equity ratio of 3.41. Pason Systems has a 12 month low of C$12.33 and a 12 month high of C$18.59. The firm has a market capitalization of C$1.05 billion, a P/E ratio of 9.02, a PEG ratio of 10.78 and a beta of 1.60. The company has a 50-day moving average of C$15.55 and a two-hundred day moving average of C$15.81.

Pason Systems (TSE:PSI) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.14 earnings per share (EPS) for the quarter. Pason Systems had a net margin of 30.14% and a return on equity of 26.63%. The company had revenue of C$95.86 million during the quarter, compared to the consensus estimate of C$90.20 million. On average, research analysts expect that Pason Systems will post 1.2293233 earnings per share for the current year.

Pason Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.52 annualized dividend and a yield of ∞. Pason Systems’s dividend payout ratio is currently 35.86%.

About Pason Systems

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.