Pason Systems (TSE:PSI) Insider Sells C$217,350.00 in Stock

Pason Systems Inc. (TSE:PSI) insider Ryan Van Beurden sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of C$14.49, for a total value of C$217,350.00. Following the sale, the insider owned 11,000 shares in the company, valued at approximately C$159,390. This represents a 57.69% decrease in their ownership of the stock.

Pason Systems Stock Performance

PSI opened at C$14.86 on Friday. The stock has a market cap of C$1.15 billion, a PE ratio of 24.77, a P/E/G ratio of 10.78 and a beta of 0.41. The company has a current ratio of 2.11, a quick ratio of 3.54 and a debt-to-equity ratio of 5.79. Pason Systems Inc. has a 1 year low of C$11.09 and a 1 year high of C$15.47. The stock’s 50 day simple moving average is C$13.65 and its 200-day simple moving average is C$12.77.

Pason Systems (TSE:PSI) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. The business had revenue of C$102.44 million for the quarter. Pason Systems had a return on equity of 9.49% and a net margin of 11.31%. Sell-side analysts forecast that Pason Systems Inc. will post 1.229765 EPS for the current year.

Pason Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, March 17th. Pason Systems’s dividend payout ratio is 86.67%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. TD Securities upgraded Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. TD upgraded Pason Systems from a “hold” rating to a “buy” rating and upped their price target for the company from C$13.00 to C$18.00 in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target 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.