Pason Systems (TSE:PSI) Issues Earnings Results

Pason Systems (TSE:PSI) issued its quarterly earnings results on Tuesday. The company reported C$0.18 EPS for the quarter, FiscalAI reports. Pason Systems had a return on equity of 9.49% and a net margin of 11.31%.The firm had revenue of C$100.78 million during the quarter.

Pason Systems Stock Performance

PSI stock opened at C$12.79 on Wednesday. The stock’s 50 day simple moving average is C$12.88 and its 200 day simple moving average is C$13.10. Pason Systems has a 12-month low of C$11.09 and a 12-month high of C$15.47. The firm has a market cap of C$991.76 million, a P/E ratio of 21.32, a P/E/G ratio of 10.78 and a beta of 0.43. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Pason Systems’s dividend payout ratio is currently 86.67%.

Insider Buying and Selling at Pason Systems

In other Pason Systems news, insider Kevin Boston sold 2,000 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of C$14.74, for a total transaction of C$29,480.00. Following the sale, the insider directly owned 7,300 shares of the company’s stock, valued at approximately C$107,602. This represents a 21.51% decrease in their ownership of the stock. Also, insider Celine Boston sold 13,200 shares of Pason Systems stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of C$14.46, for a total transaction of C$190,872.00. Following the completion of the transaction, the insider directly owned 1,893 shares of the company’s stock, valued at C$27,372.78. This trade represents a 87.46% decrease in their ownership of the stock. Insiders have sold 44,210 shares of company stock worth $640,831 in the last ninety days. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. TD Securities raised shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. TD decreased their price objective on shares of Pason Systems from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Pason Systems presently has an average rating of “Moderate Buy” and a consensus target price of C$14.83.

Pason Systems Company Profile

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.