Jonathan Faber Sells 12,500 Shares of Pason Systems Inc. (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI) Senior Officer Jonathan Faber sold 12,500 shares of Pason Systems stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of C$17.21, for a total transaction of C$215,143.75.

Jonathan Faber also recently made the following trade(s):

• On Friday, June 21st, Jonathan Faber sold 29,500 shares of Pason Systems stock. The stock was sold at an average price of C$17.02, for a total value of C$502,090.00.
• On Monday, June 3rd, Jonathan Faber sold 6,100 shares of Pason Systems stock. The stock was sold at an average price of C$16.75, for a total transaction of C$102,175.00.

Pason Systems Price Performance

Shares of PSI traded up C$0.35 during mid-day trading on Wednesday, reaching C$17.51. 27,828 shares of the company’s stock were exchanged, compared to its average volume of 134,593. Pason Systems Inc. has a 52-week low of C$10.93 and a 52-week high of C$17.55. The company has a market cap of C$1.39 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 10.78 and a beta of 1.70. The company has a 50-day simple moving average of C$16.23 and a two-hundred day simple moving average of C$15.47. The company has a quick ratio of 3.54, a current ratio of 2.65 and a debt-to-equity ratio of 3.44.

Pason Systems (TSE:PSI) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C$0.87 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.29 by C$0.58. The firm had revenue of C$104.76 million for the quarter, compared to analysts’ expectations of C$107.00 million. Pason Systems had a net margin of 34.92% and a return on equity of 30.12%. On average, sell-side analysts predict that Pason Systems Inc. will post 1.2097147 EPS for the current fiscal year.

Pason Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, June 14th. Pason Systems’s dividend payout ratio is presently 31.71%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PSI shares. BMO Capital Markets raised their price target on shares of Pason Systems from C$18.00 to C$20.00 in a research note on Tuesday, April 23rd. TD Securities lifted their price objective on Pason Systems from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$18.83.

About Pason Systems

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.