Insider Selling: Pason Systems (TSE:PSI) Insider Sells C$243,820.00 in Stock

Pason Systems Inc. (TSE:PSI) insider Bryce Mclean sold 16,700 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of C$14.60, for a total value of C$243,820.00. Following the sale, the insider owned 8,853 shares in the company, valued at C$129,253.80. This trade represents a 65.35% decrease in their position.

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

• On Friday, August 14th, Bryce Mclean sold 2,777 shares of Pason Systems stock. The stock was sold at an average price of C$14.48, for a total transaction of C$40,210.96.
• On Tuesday, May 26th, Bryce Mclean sold 8,410 shares of Pason Systems stock. The shares were sold at an average price of C$14.50, for a total transaction of C$121,945.00.

Pason Systems Stock Performance

Shares of PSI stock opened at C$13.80 on Thursday. 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 firm has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 10.78 and a beta of 0.43. Pason Systems Inc. has a one year low of C$11.17 and a one year high of C$15.47. The company has a 50 day moving average price of C$12.92 and a 200 day moving average price of C$13.20.

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

Pason Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.13 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $0.52 dividend on an annualized basis and a yield of 3.8%. Pason Systems’s dividend payout ratio (DPR) is presently 83.87%.

Analysts Set New Price Targets

Several equities research analysts have commented on PSI shares. Royal Bank Of Canada upped their price target on Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. TD decreased their target price on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Monday, July 13th. Finally, TD Securities raised shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company 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.