Key Points
- Insider selling: Pason Systems insider Ryan Van Beurden sold 15,000 shares at an average price of C$14.49, cutting his holdings by 57.69% to 11,000 shares.
- Stock and fundamentals: PSI was down 0.5% and last traded at C$14.32, with a market cap of C$1.11 billion, a 3.6% dividend yield, and a quarterly payout of C$0.13 per share.
- Analyst outlook: TD recently upgraded the stock to buy and raised its target to C$18.00, while the overall consensus rating remains Buy with an average target price of C$15.13.
Pason Systems Inc. (TSE:PSI - Get Free Report) insider Bryce Mclean sold 8,410 shares of the firm's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$14.50, for a total value of C$121,945.00. Following the completion of the transaction, the insider owned 8,853 shares in the company, valued at approximately C$128,368.50. This trade represents a 48.72% decrease in their ownership of the stock.
Pason Systems Stock Performance
Pason Systems stock opened at C$14.32 on Friday. The stock's 50-day moving average is C$13.62 and its 200-day moving average is C$12.76. The company has a market cap of C$1.11 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 10.78 and a beta of 0.41. The company has a debt-to-equity ratio of 5.79, a current ratio of 2.11 and a quick ratio of 3.54. Pason Systems Inc. has a 12 month low of C$11.09 and a 12 month high of C$15.47.
Pason Systems (TSE:PSI - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported C$0.17 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%. Equities analysts anticipate that Pason Systems Inc. will post 1.229765 earnings per share for the current year.
Pason Systems Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, March 17th. Pason Systems's dividend payout ratio (DPR) is presently 86.67%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on PSI shares. TD upgraded Pason Systems from a "hold" rating to a "buy" rating and raised their target price for the company from C$13.00 to C$18.00 in a report on Tuesday, May 5th. TD Securities upgraded Pason Systems from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$15.13.
Get Our Latest Stock Analysis on PSI
About Pason Systems
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
