Key Points
- Director Kenneth Brandon Mullen bought 3,000 Pason Systems shares at C$13.96 each, investing C$41,880 and increasing his direct ownership by 60% to 8,000 shares.
- Pason Systems shares opened at C$14.24, up 2.8%, with a market capitalization of approximately C$1.11 billion. The company recently reported quarterly revenue of C$100.78 million and earnings of C$0.18 per share.
- The company pays a quarterly dividend of C$0.13, equivalent to C$0.52 annually and a 3.7% yield. Analysts have a consensus “Moderate Buy” rating with an average price target of C$15.83.
Pason Systems Inc. (TSE:PSI - Get Free Report) Director Kenneth Brandon Mullen bought 3,000 shares of Pason Systems stock in a transaction on Wednesday, September 30th. The shares were purchased at an average price of C$13.96 per share, for a total transaction of C$41,880.00. Following the acquisition, the director directly owned 8,000 shares in the company, valued at approximately C$111,680. This trade represents a 60.00% increase in their position.
Pason Systems Stock Up 2.8%
Shares of TSE:PSI opened at C$14.24 on Friday. Pason Systems Inc. has a 52-week low of C$11.33 and a 52-week high of C$15.47. The firm has a market capitalization of C$1.11 billion, a P/E ratio of 22.97, a P/E/G ratio of 10.78 and a beta of 0.60. The stock has a 50 day moving average price of C$13.92 and a 200-day moving average price of C$13.57. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%.The company had revenue of C$100.78 million for the quarter. As a group, equities research analysts anticipate that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.
Pason Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were issued a $0.13 dividend. 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
A number of analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. TD decreased their price target on shares of Pason Systems from C$18.00 to C$15.00 and set a "hold" rating for the company in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$15.83.
Read Our Latest Report on Pason Systems
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.
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