Pason Systems (TSE:PSI) Insider Lars Olesen Sells 13,000 Shares

Pason Systems Inc. (TSE:PSI) insider Lars Olesen sold 13,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of C$14.60, for a total transaction of C$189,800.00. Following the completion of the sale, the insider owned 8,800 shares in the company, valued at C$128,480. This represents a 59.63% decrease in their position.

Pason Systems Price Performance

Shares of Pason Systems stock traded down C$0.04 during mid-day trading on Monday, reaching C$14.52. 97,622 shares of the stock were exchanged, compared to its average volume of 246,015. The company has a market cap of C$1.13 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 10.78 and a beta of 0.43. The company has a current ratio of 2.29, a quick ratio of 3.54 and a debt-to-equity ratio of 5.51. The firm has a 50-day simple moving average of C$12.90 and a 200 day simple moving average of C$13.16. Pason Systems Inc. has a fifty-two week low of C$11.09 and a fifty-two week high of C$15.47.

Pason Systems (TSE:PSI) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 EPS for the quarter. The firm had revenue of C$100.78 million for the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. On average, sell-side analysts predict that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.

Pason Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a $0.13 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. Pason Systems’s payout ratio is 83.87%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank Of Canada increased their price target on Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. TD Securities upgraded Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, TD reduced their price objective on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$15.83.

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.