Pason Systems Inc. (PSI) To Go Ex-Dividend on September 13th

Pason Systems Inc. (TSE:PSI) announced a quarterly dividend on Friday, September 13th, Zacks reports. Stockholders of record on Friday, September 27th will be paid a dividend of 0.13 per share on Friday, September 27th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, September 13th.

Pason Systems Stock Performance

TSE:PSI opened at C$13.17 on Wednesday. The stock’s 50 day simple moving average is C$15.87 and its two-hundred day simple moving average is C$15.84. The company has a debt-to-equity ratio of 3.41, a current ratio of 2.62 and a quick ratio of 3.54. Pason Systems has a 1 year low of C$12.33 and a 1 year high of C$18.59. The company has a market cap of C$1.05 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 10.78 and a beta of 1.60.

Pason Systems (TSE:PSI) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.14 earnings per share for the quarter. Pason Systems had a net margin of 30.14% and a return on equity of 26.63%. The company had revenue of C$95.86 million during the quarter, compared to analyst estimates of C$90.20 million. As a group, equities analysts anticipate that Pason Systems will post 0.9347537 earnings per share for the current fiscal year.

Insider Activity at Pason Systems

In other Pason Systems news, Senior Officer Bryce Mclean sold 4,250 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of C$18.00, for a total transaction of C$76,500.00. In other Pason Systems news, Senior Officer Bryce Mclean sold 4,250 shares of the stock in a transaction 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. Also, Senior Officer Jonathan Faber sold 29,500 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$17.02, for a total value of C$502,090.00. Insiders sold 46,250 shares of company stock worth $793,734 in the last quarter. 0.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of Pason Systems from C$22.00 to C$21.00 in a research report on Thursday, August 8th. TD Securities lowered their price objective on shares of Pason Systems from C$22.00 to C$20.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Barclays reduced their price objective on shares of Pason Systems from C$15.00 to C$13.00 in a report on Thursday, August 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Pason Systems has a consensus rating of “Moderate Buy” and an average price target of C$18.33.

Pason Systems Company Profile

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.