Pason Systems (TSE:PSI) Insider Celine Boston Sells 13,200 Shares

Pason Systems Inc. (TSE:PSI) insider Celine Boston sold 13,200 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of C$14.46, for a total transaction of C$190,872.00. Following the transaction, the insider owned 1,893 shares of the company’s stock, valued at C$27,372.78. This represents a 87.46% decrease in their ownership of the stock.

Pason Systems Price Performance

TSE:PSI traded up C$0.12 during trading hours on Monday, reaching C$13.97. 232,151 shares of the company were exchanged, compared to its average volume of 230,790. The company has a current ratio of 2.11, a quick ratio of 3.54 and a debt-to-equity ratio of 5.79. The stock’s 50-day moving average is C$13.80 and its 200-day moving average is C$12.87. The firm has a market cap of C$1.08 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 10.78 and a beta of 0.38. Pason Systems Inc. has a twelve month low of C$11.09 and a twelve month high of C$15.47.

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

Pason Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, June 16th. This represents a $0.52 dividend on an annualized basis and a yield of 3.7%. Pason Systems’s dividend payout ratio is currently 86.67%.

Wall Street Analysts Forecast Growth

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

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.