Bryce Mclean Sells 8,410 Shares of Pason Systems (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI) insider Bryce Mclean sold 8,410 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$14.50, for a total value of C$121,945.00. Following the sale, the insider owned 8,853 shares in the company, valued at C$128,368.50. The trade was a 48.72% decrease in their position.

Pason Systems Price Performance

Shares of Pason Systems stock traded down C$0.06 during trading on Thursday, reaching C$14.33. The company’s stock had a trading volume of 222,057 shares, compared to its average volume of 203,209. The stock has a 50-day moving average price of C$13.59 and a two-hundred day moving average price of C$12.74. The company has a current ratio of 2.11, a quick ratio of 3.54 and a debt-to-equity ratio of 5.79. Pason Systems Inc. has a one year low of C$11.09 and a one year high of C$15.47. The stock has a market capitalization of C$1.11 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 10.78 and a beta of 0.41.

Pason Systems (TSE:PSI) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. Pason Systems had a return on equity of 9.49% and a net margin of 11.31%.The business had revenue of C$102.44 million during the quarter. As a group, sell-side analysts anticipate that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.

Pason Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, March 17th. Pason Systems’s payout ratio is currently 86.67%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. TD upgraded Pason Systems from a “hold” rating to a “buy” rating and raised their target price for the stock from C$13.00 to C$18.00 in a report on Tuesday, May 5th. TD Securities raised Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$15.13.

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.