Pason Systems Inc. (PSI) To Go Ex-Dividend on December 17th

Pason Systems Inc. (TSE:PSI) declared a quarterly dividend on Wednesday, December 17th, TickerTech Dividends reports. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.13 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, December 17th.

Pason Systems Trading Down 1.5%

Pason Systems stock traded down C$0.19 during mid-day trading on Monday, hitting C$12.07. The stock had a trading volume of 186,794 shares, compared to its average volume of 178,969. The stock has a 50-day simple moving average of C$12.00 and a two-hundred day simple moving average of C$12.05. The company has a current ratio of 2.59, a quick ratio of 3.54 and a debt-to-equity ratio of 3.19. The stock has a market capitalization of C$941.75 million, a PE ratio of 15.47, a P/E/G ratio of 10.78 and a beta of 0.59. Pason Systems has a 12 month low of C$10.43 and a 12 month high of C$14.81.

Pason Systems (TSE:PSI) last released its earnings results on Thursday, November 6th. The company reported C$0.16 earnings per share (EPS) for the quarter. Pason Systems had a net margin of 28.28% and a return on equity of 24.64%. The company had revenue of C$100.96 million for the quarter. As a group, sell-side analysts forecast that Pason Systems will post 1.229765 EPS for the current year.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada cut their target price on Pason Systems from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Thursday, October 9th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$15.50.

Pason Systems Company Profile

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office.