Pason Systems (TSE:PSI) Issues Quarterly Earnings Results

Pason Systems (TSE:PSI) announced its quarterly earnings data on Thursday. The company reported C$0.17 EPS for the quarter, FiscalAI reports. Pason Systems had a return on equity of 10.80% and a net margin of 12.68%.The company had revenue of C$102.44 million during the quarter.

Pason Systems Price Performance

Shares of PSI stock traded down C$0.16 during trading hours on Thursday, hitting C$14.87. The company had a trading volume of 289,270 shares, compared to its average volume of 205,065. Pason Systems has a 12 month low of C$10.95 and a 12 month high of C$15.47. The firm has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 10.78 and a beta of 0.41. The firm’s fifty day moving average is C$13.12 and its 200 day moving average is C$12.49. The company has a debt-to-equity ratio of 10.90, a quick ratio of 3.54 and a current ratio of 1.98.

Pason Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, March 17th. Pason Systems’s dividend payout ratio is currently 76.47%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. National Bank Financial lowered their price objective on Pason Systems from C$17.00 to C$15.50 and set a “sector perform” rating on the stock in a research report on Friday, January 9th. TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, TD raised shares of Pason Systems from a “hold” rating to a “buy” rating and boosted their price target for the company from C$13.00 to C$18.00 in a report on Tuesday. One research 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 stock. According to MarketBeat, Pason Systems has a consensus rating of “Buy” and an average 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.