Pason Systems (TSE:PSI) Insider Russell Smith Sells 6,500 Shares

Pason Systems Inc. (TSE:PSI) insider Russell Smith sold 6,500 shares of Pason Systems stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of C$14.70, for a total value of C$95,550.00. Following the completion of the transaction, the insider directly owned 7,500 shares of the company’s stock, valued at C$110,250. This represents a 46.43% decrease in their ownership of the stock.

Pason Systems Stock Down 0.1%

Shares of TSE PSI opened at C$14.55 on Tuesday. Pason Systems Inc. has a 12-month low of C$11.09 and a 12-month high of C$15.47. The firm’s 50-day simple moving average is C$12.91 and its 200 day simple moving average is C$13.17. The company has a quick ratio of 3.54, a current ratio of 2.29 and a debt-to-equity ratio of 5.51. The company has a market cap of C$1.13 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 10.78 and a beta of 0.43.

Pason Systems (TSE:PSI) last posted its quarterly earnings data 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 during the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. On average, research analysts expect that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date 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.

Analyst Ratings Changes

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

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.