Ryan Van Beurden Sells 15,000 Shares of Pason Systems (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI) insider Ryan Van Beurden sold 15,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of C$14.49, for a total transaction of C$217,350.00. Following the completion of the sale, the insider owned 11,000 shares of the company’s stock, valued at C$159,390. This trade represents a 57.69% decrease in their ownership of the stock.

Pason Systems Price Performance

Shares of TSE PSI opened at C$14.86 on Friday. The firm has a 50-day simple moving average of C$13.65 and a 200-day simple moving average of C$12.77. The stock has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 10.78 and a beta of 0.41. The company has a quick ratio of 3.54, a current ratio of 2.11 and a debt-to-equity ratio of 5.79. Pason Systems Inc. has a 52 week low of C$11.09 and a 52 week high of C$15.47.

Pason Systems (TSE:PSI) last issued its earnings results on Thursday, May 7th. The company reported C$0.17 EPS for the quarter. The business had revenue of C$102.44 million during the quarter. Pason Systems had a net margin of 11.31% and a return on equity of 9.49%. On average, equities analysts predict that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Tuesday, March 17th. Pason Systems’s dividend payout ratio is 86.67%.

Analyst Ratings Changes

A number of brokerages have recently commented on PSI. TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. TD upgraded shares of Pason Systems from a “hold” rating to a “buy” rating and increased their target price for the company from C$13.00 to C$18.00 in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Pason Systems currently has an average rating of “Buy” and a consensus target price of C$15.13.

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. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.