Insider Selling: Pason Systems Inc. (TSE:PSI) Senior Officer Sells 22,500 Shares of Stock

Pason Systems Inc. (TSE:PSI) Senior Officer Lars Olesen sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of C$15.90, for a total value of C$357,750.00.

Pason Systems Price Performance

TSE:PSI traded down C$0.22 during trading hours on Thursday, hitting C$15.71. 90,164 shares of the stock were exchanged, compared to its average volume of 142,163. The company has a market cap of C$1.25 billion, a P/E ratio of 12.93, a P/E/G ratio of 10.78 and a beta of 1.69. The firm’s fifty day moving average price is C$15.39 and its 200 day moving average price is C$14.87. Pason Systems Inc. has a 52-week low of C$10.75 and a 52-week high of C$17.49. The company has a current ratio of 4.84, a quick ratio of 3.54 and a debt-to-equity ratio of 3.24.

Pason Systems (TSE:PSI) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.11 EPS for the quarter. Pason Systems had a return on equity of 24.51% and a net margin of 26.41%. The firm had revenue of C$93.30 million during the quarter, compared to the consensus estimate of C$86.65 million. As a group, equities research analysts anticipate that Pason Systems Inc. will post 1.2858226 EPS for the current fiscal year.

Pason Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, June 14th. Pason Systems’s dividend payout ratio (DPR) is 42.98%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PSI shares. BMO Capital Markets boosted their target price on shares of Pason Systems from C$18.00 to C$20.00 in a research note on Tuesday, April 23rd. Stifel Nicolaus increased their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.50.

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.