Pason Systems (TSE:PSI) Insider Jonathan Faber Sells 45,000 Shares of Stock

Pason Systems Inc. (TSE:PSI) insider Jonathan Faber sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of C$14.55, for a total value of C$654,750.00. Following the sale, the insider owned 42,000 shares in the company, valued at approximately C$611,100. This represents a 51.72% decrease in their ownership of the stock.

Pason Systems Stock Performance

Shares of TSE PSI opened at C$14.55 on Tuesday. The business has a fifty day simple moving average of C$12.91 and a 200 day simple moving average of C$13.17. The company has a current ratio of 2.29, a quick ratio of 3.54 and a debt-to-equity ratio of 5.51. The firm has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 10.78 and a beta of 0.43. Pason Systems Inc. has a one year low of C$11.09 and a one year high of C$15.47.

Pason Systems (TSE:PSI) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share for the quarter. The firm had revenue of C$100.78 million for the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. Sell-side analysts expect that Pason Systems Inc. will post 1.229765 EPS for the current year.

Pason Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 16th. Pason Systems’s dividend payout ratio (DPR) is presently 83.87%.

Key Pason Systems News

Here are the key news stories impacting Pason Systems this week:

• Negative Sentiment: Five insiders collectively sold approximately 92,691 shares of Pason Systems for total proceeds of about C$1.35 million in transactions conducted August 13–14.
• Negative Sentiment: Jonathan Faber sold 45,000 shares for C$654,750, reducing his position by 51.72% to 42,000 shares.
• Negative Sentiment: Bryce Mclean sold 16,700 shares for C$243,820 and an additional 2,777 shares for C$40,211, reducing his reported ownership by 65.35% and 22.85% in the respective transactions.
• Negative Sentiment: Lars Olesen sold 13,000 shares for C$189,800, cutting his position by 59.63% to 8,800 shares.
• Negative Sentiment: Russell Smith sold 6,500 shares for C$95,550, reducing his holdings by 46.43% to 7,500 shares.
• Negative Sentiment: Kevin Boston sold 6,000 shares for C$87,840 and another 2,714 shares for C$40,004, leaving him with 7,300 shares after the reported transactions.

Analysts Set New Price Targets

A number of research firms recently weighed in on PSI. TD Securities raised shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada raised their price target on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Finally, TD decreased their price objective on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$15.83.

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.