Bryce Mclean Sells 4,250 Shares of Pason Systems Inc. (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI) Senior Officer Bryce Mclean sold 4,250 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of C$18.00, for a total value of C$76,500.00.

Pason Systems Stock Up 1.7 %

PSI opened at C$18.43 on Monday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 3.54 and a current ratio of 2.65. The company has a market cap of C$1.47 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 10.78 and a beta of 1.70. Pason Systems Inc. has a one year low of C$11.03 and a one year high of C$18.57. The business’s fifty day moving average is C$16.35 and its two-hundred day moving average is C$15.53.

Pason Systems (TSE:PSI) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.29 by C$0.58. The business had revenue of C$104.76 million during the quarter, compared to the consensus estimate of C$107.00 million. Pason Systems had a return on equity of 30.12% and a net margin of 34.92%. Analysts anticipate that Pason Systems Inc. will post 1.2097147 EPS for the current fiscal year.

Pason Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were given a $0.13 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.52 annualized dividend and a dividend yield of 2.82%. Pason Systems’s dividend payout ratio is presently 31.71%.

Analyst Ratings Changes

Several research firms have issued reports on PSI. BMO Capital Markets increased their price objective on Pason Systems from C$18.00 to C$20.00 in a research report on Tuesday, April 23rd. TD Securities increased their price target on shares of Pason Systems from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Friday, May 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.