Pason Systems (TSE:PSI) Stock Gets Downgrade from TD Securities

Pason Systems (TSE:PSI) was downgraded by equities researchers at TD Securities from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Several other equities research analysts have also recently weighed in on PSI. Royal Bank Of Canada increased their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. TD lowered Pason Systems from a “buy” rating to a “hold” rating and set a C$15.00 price target on the stock. in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Pason Systems has a consensus rating of “Hold” and a consensus price target of C$15.83.

Pason Systems Price Performance

Shares of Pason Systems stock opened at C$14.05 on Tuesday. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.29 and a quick ratio of 3.54. Pason Systems has a fifty-two week low of C$11.50 and a fifty-two week high of C$15.47. The firm has a fifty day moving average price of C$14.30 and a two-hundred day moving average price of C$13.67. The company has a market cap of C$1.09 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 10.78 and a beta of 0.61.

Pason Systems (TSE:PSI) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share (EPS) for the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. The company had revenue of C$100.78 million for the quarter. Analysts expect that Pason Systems will post 1.23 EPS for the current year.

Insider Transactions at Pason Systems

In related news, insider Jonathan Faber sold 45,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at C$611,100. The trade was a 51.72% decrease in their ownership of the stock. Also, insider Kevin Boston sold 6,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of C$14.64, for a total transaction of C$87,840.00. Following the completion of the sale, the insider directly owned 7,300 shares in the company, valued at approximately C$106,872. The trade was a 45.11% decrease in their position. Insiders sold 100,191 shares of company stock valued at $1,455,400 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

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.