Pason Systems (TSE:PSI) Stock: Insider Russell Smith Sells 7,500 Shares

Pason Systems Inc. (TSE:PSI) insider Russell Smith sold 7,500 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of C$13.79, for a total transaction of C$103,425.00.

Russell Smith also recently made the following trade(s):

• On Thursday, August 13th, Russell Smith sold 6,500 shares of Pason Systems stock. The shares were sold at an average price of C$14.70, for a total transaction of C$95,550.00.

Pason Systems Price Performance

PSI stock traded up C$0.27 during trading on Thursday, hitting C$14.12. 55,340 shares of the company’s stock traded hands, compared to its average volume of 238,532. Pason Systems Inc. has a 52 week low of C$11.33 and a 52 week high of C$15.47. The stock has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 10.78 and a beta of 0.60. The business has a fifty day simple moving average of C$13.90 and a 200 day simple moving average of C$13.55. The company has a debt-to-equity ratio of 5.51, a quick ratio of 3.54 and a current ratio of 2.29.

Pason Systems (TSE:PSI) last announced its earnings results 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 for the quarter. As a group, research analysts expect that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.

Pason Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.52 dividend on an annualized basis and a yield of 3.7%. Pason Systems’s dividend payout ratio is 83.87%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. TD decreased their price target on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Royal Bank Of Canada boosted their price objective on shares of Pason Systems from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$15.83.

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.