Lars Olesen Acquires 1,000 Shares of Pason Systems Inc. (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI) Senior Officer Lars Olesen purchased 1,000 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was bought at an average cost of C$18.79 per share, with a total value of C$18,790.00. Following the completion of the acquisition, the insider now directly owns 6,500 shares of the company’s stock, valued at C$122,135.

Lars Olesen also recently made the following trade(s):

  • On Monday, June 17th, Lars Olesen acquired 500 shares of Pason Systems stock. The shares were purchased at an average cost of C$19.05 per share, for a total transaction of C$9,525.00.

Shares of TSE:PSI traded up C$0.03 during trading hours on Thursday, reaching C$17.83. The stock had a trading volume of 117,367 shares, compared to its average volume of 127,855. Pason Systems Inc. has a 1 year low of C$17.18 and a 1 year high of C$24.57. The business’s 50 day moving average is C$18.72. The company has a quick ratio of 8.05, a current ratio of 8.61 and a debt-to-equity ratio of 4.14. The stock has a market cap of $1.52 billion and a PE ratio of 22.01.

Pason Systems (TSE:PSI) last announced its quarterly earnings data on Wednesday, May 1st. The company reported C$0.22 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.17 by C$0.05. The firm had revenue of C$82.14 million during the quarter, compared to analysts’ expectations of C$74.40 million. Equities research analysts anticipate that Pason Systems Inc. will post 0.9700001 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were issued a $0.18 dividend. This represents a $2.16 annualized dividend and a dividend yield of 12.11%. The ex-dividend date was Thursday, June 13th. Pason Systems’s payout ratio is 87.65%.

PSI has been the subject of several analyst reports. CIBC restated a “hold” rating and issued a $2.50 price objective on shares of Advantage Oil & Gas in a research note on Thursday. National Bank Financial reduced their target price on shares of Stelco from C$21.00 to C$18.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd.

Pason Systems Company Profile

Pason Systems Inc provides instrumentation and data management systems for drilling rigs. The company offers Electronic AutoDriller, which maximizes the rate of penetration by monitoring multiple drilling parameters; Electronic Choke Actuator that provides a means of remotely controlling the choke valve; and Electronic Drilling Recorder.

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Insider Buying and Selling by Quarter for Pason Systems (TSE:PSI)

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