Pason Systems Inc. (TSE:PSI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Pason Systems Inc. (TSE:PSI) have been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$18.33.

A number of analysts have issued reports on the company. Barclays cut their target price on Pason Systems from C$15.00 to C$13.00 in a research report on Thursday, August 15th. BMO Capital Markets cut their target price on Pason Systems from C$22.00 to C$21.00 in a research report on Thursday, August 8th. Finally, TD Securities cut their target price on Pason Systems from C$22.00 to C$20.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th.

Insider Transactions at Pason Systems

In other news, Senior Officer Jonathan Faber sold 29,500 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of C$17.02, for a total transaction of C$502,090.00. In related news, Senior Officer Bryce Mclean sold 4,250 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of C$18.00, for a total transaction of C$76,500.00. Also, Senior Officer Jonathan Faber sold 29,500 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of C$17.02, for a total transaction of C$502,090.00. Over the last 90 days, insiders have sold 46,250 shares of company stock valued at $793,734. 0.31% of the stock is currently owned by company insiders.

Pason Systems Stock Performance

The firm has a market capitalization of C$1.05 billion, a PE ratio of 9.02, a PEG ratio of 10.78 and a beta of 1.60. The company has a quick ratio of 3.54, a current ratio of 2.62 and a debt-to-equity ratio of 3.41. Pason Systems has a twelve month low of C$12.33 and a twelve month high of C$18.59. The firm has a 50 day simple moving average of C$15.55 and a 200 day simple moving average of C$15.81.

Pason Systems (TSE:PSI) last announced its earnings results on Wednesday, August 7th. The company reported C$0.14 earnings per share (EPS) for the quarter. The company had revenue of C$95.86 million for the quarter, compared to analyst estimates of C$90.20 million. Pason Systems had a return on equity of 26.63% and a net margin of 30.14%. As a group, equities research analysts forecast that Pason Systems will post 1.2293233 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 Friday, September 27th. Stockholders of record on Friday, September 27th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, September 13th. Pason Systems’s dividend payout ratio is currently 35.86%.

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.