Pason Systems (TSE:PSI) Insider Bryce Mclean Sells 2,777 Shares of Stock

Pason Systems Inc. (TSE:PSI) insider Bryce Mclean sold 2,777 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of C$14.48, for a total transaction of C$40,210.96. Following the completion of the sale, the insider directly owned 9,376 shares of the company’s stock, valued at approximately C$135,764.48. The trade was a 22.85% decrease in their position.

Bryce Mclean also recently made the following trade(s):

• On Thursday, August 13th, Bryce Mclean sold 16,700 shares of Pason Systems stock. The shares were sold at an average price of C$14.60, for a total transaction of C$243,820.00.
• On Tuesday, May 26th, Bryce Mclean sold 8,410 shares of Pason Systems stock. The stock was sold at an average price of C$14.50, for a total transaction of C$121,945.00.

Pason Systems Stock Performance

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

Pason Systems (TSE:PSI) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.18 earnings per share (EPS) for the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. The firm had revenue of C$100.78 million during the quarter. Analysts anticipate that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Announces Dividend

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

Analysts Set New Price Targets

PSI has been the topic of a number of recent research reports. TD Securities upgraded Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. TD cut their target price on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Finally, Royal Bank Of Canada increased their target price on Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Pason Systems has a consensus rating of “Moderate Buy” and a consensus price target 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.