Pason Systems Inc. (TSE:PSI - Get Free Report) Senior Officer Russell Smith sold 7,000 shares of the company's stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$15.30, for a total transaction of C$107,100.00.
Pason Systems Trading Down 1.6 %
Pason Systems stock opened at C$15.64 on Friday. The firm has a 50 day moving average of C$14.40 and a 200 day moving average of C$14.39. The firm has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 10.78 and a beta of 1.69. Pason Systems Inc. has a 12-month low of C$10.75 and a 12-month high of C$16.33. The company has a current ratio of 4.84, a quick ratio of 3.54 and a debt-to-equity ratio of 3.24.
Pason Systems (TSE:PSI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.11 earnings per share for the quarter. Pason Systems had a return on equity of 24.51% and a net margin of 26.41%. The business had revenue of C$93.30 million during the quarter, compared to the consensus estimate of C$86.65 million. As a group, research analysts predict that Pason Systems Inc. will post 1.3096539 earnings per share for the current year.
Pason Systems Increases Dividend
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The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 29th will be given a dividend of $0.13 per share. This is an increase from Pason Systems's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Thursday, March 14th. Pason Systems's dividend payout ratio is currently 42.98%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. TD Securities upped their price target on shares of Pason Systems from C$18.00 to C$20.00 and gave the stock a "buy" rating in a research note on Wednesday, December 6th. Stifel Nicolaus upped their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the company a "hold" rating in a research note on Wednesday, January 10th. Royal Bank of Canada upped their target price on shares of Pason Systems from C$18.00 to C$19.00 and gave the company an "outperform" rating in a research note on Wednesday, December 6th. Finally, BMO Capital Markets lowered their target price on shares of Pason Systems from C$21.00 to C$18.00 and set an "outperform" rating on the stock in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Pason Systems currently has a consensus rating of "Moderate Buy" and an average price target of C$18.17.
View Our Latest Research Report on Pason Systems
About Pason Systems
(
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Pason Systems Inc, an energy services and technology company, provides data management systems for drilling rigs in Canada, the United States, and internationally. The company offers Electronic Drilling Recorder, which monitors and records drilling operations around the rig; DataHub for data and information collected from the rig for on-demand retrieval; DataLink service provides direct connection interfaces for IT systems and analytics tools; Pason Live for monitoring rig operations in real-time using desktop computers or mobile devices; and daily and end-of-well KPI reports provide visual statistics on rig performance.
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