Pason Systems (TSE:PSI – Free Report) had its price target trimmed by TD Securities from C$22.00 to C$20.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Separately, BMO Capital Markets decreased their price objective on shares of Pason Systems from C$22.00 to C$21.00 in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of C$18.67.
Read Our Latest Research Report on Pason Systems
Pason Systems Stock Down 1.0 %
Pason Systems Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Friday, September 13th. Pason Systems’s dividend payout ratio is currently 35.86%.
Insiders Place Their Bets
In other news, Senior Officer Russell Smith sold 13,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of C$15.50, for a total transaction of C$201,500.00. In related news, Senior Officer Kevin Boston sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of C$15.80, for a total value of C$78,980.00. Also, Senior Officer Russell Smith sold 13,000 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of C$15.50, for a total value of C$201,500.00. Insiders sold a total of 90,350 shares of company stock valued at $1,520,239 over the last quarter. 0.31% of the stock is owned by corporate insiders.
Pason Systems Company Profile
Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.
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