Pason Systems Inc. (TSE:PSI) Given Average Rating of “Moderate Buy” by Analysts

Pason Systems Inc. (TSE:PSI) has been given a consensus rating of “Moderate Buy” by the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$18.83.

PSI has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Pason Systems from C$18.00 to C$20.00 in a report on Tuesday, April 23rd. TD Securities boosted their price objective on shares of Pason Systems from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, May 31st.

Insiders Place Their Bets

In other Pason Systems news, Senior Officer Celine Boston sold 5,000 shares of Pason Systems stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$17.33, for a total transaction of C$86,650.00. In other Pason Systems news, Senior Officer Jonathan Faber sold 12,500 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of C$17.21, for a total transaction of C$215,143.75. Also, Senior Officer Celine Boston sold 5,000 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$17.33, for a total transaction of C$86,650.00. Insiders sold a total of 108,600 shares of company stock worth $1,801,489 over the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Pason Systems Stock Up 2.0 %

Shares of TSE:PSI opened at C$17.51 on Thursday. Pason Systems has a 12-month low of C$10.93 and a 12-month high of C$17.57. The company has a current ratio of 2.65, a quick ratio of 3.54 and a debt-to-equity ratio of 3.44. The stock’s 50-day moving average price is C$16.23 and its 200-day moving average price is C$15.47. The stock has a market capitalization of C$1.39 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 10.78 and a beta of 1.70.

Pason Systems (TSE:PSI) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.87 EPS for the quarter, beating the consensus estimate of C$0.29 by C$0.58. The firm had revenue of C$104.76 million during the quarter, compared to the consensus estimate of C$107.00 million. Pason Systems had a net margin of 34.92% and a return on equity of 30.12%. On average, equities analysts anticipate that Pason Systems will post 1.2097147 earnings per share for the current year.

Pason Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.52 dividend on an annualized basis and a yield of 2.97%. Pason Systems’s dividend payout ratio is currently 31.71%.

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.