Pason Systems (TSE:PSI – Free Report) had its price target lowered by Barclays from C$15.00 to C$13.00 in a research report report published on Thursday, BayStreet.CA reports.
Other equities analysts have also issued reports about the company. BMO Capital Markets lowered their target price on Pason Systems from C$22.00 to C$21.00 in a report on Thursday, August 8th. TD Securities reduced their price objective on Pason Systems from C$22.00 to C$20.00 and set a buy rating for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of C$18.33.
View Our Latest Analysis on PSI
Pason Systems Price Performance
Pason Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, September 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.59%. Pason Systems’s dividend payout ratio (DPR) is presently 35.86%.
Insider Buying and Selling
In related news, Senior Officer Kevin Boston sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of C$15.80, for a total value of C$78,980.00. In related news, Senior Officer Kevin Boston sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of C$15.80, for a total value of C$78,980.00. Also, Senior Officer Bryce Mclean sold 4,250 shares of the 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. Insiders sold 90,350 shares of company stock valued at $1,520,239 in the last three months. 0.31% of the stock is currently owned by corporate insiders.
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.
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