National Bankshares Cuts Pason Systems (TSE:PSI) Price Target to C$19.50

Pason Systems (TSE:PSI) had its price objective cut by National Bankshares from C$20.00 to C$19.50 in a report released on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also recently commented on the stock. BMO Capital Markets lowered their target price on shares of Pason Systems from C$21.00 to C$18.00 in a research note on Friday, October 4th. TD Securities cut their target price on Pason Systems from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th.

Pason Systems Stock Up 1.8 %

Shares of Pason Systems stock opened at C$13.34 on Thursday. Pason Systems has a 1-year low of C$12.33 and a 1-year high of C$18.59. The company has a market capitalization of C$1.06 billion, a P/E ratio of 9.20, a PEG ratio of 10.78 and a beta of 1.58. The business’s fifty day moving average price is C$14.14 and its two-hundred day moving average price is C$15.17. The company has a debt-to-equity ratio of 3.41, a current ratio of 2.62 and a quick ratio of 3.54.

Pason Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Tuesday, December 17th. Pason Systems’s payout ratio is 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.