Celine Boston Sells 13,200 Shares of Pason Systems (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI) insider Celine Boston sold 13,200 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of C$14.46, for a total value of C$190,872.00. Following the sale, the insider owned 1,893 shares of the company’s stock, valued at C$27,372.78. This trade represents a 87.46% decrease in their position.

Pason Systems Price Performance

Pason Systems stock opened at C$13.85 on Wednesday. Pason Systems Inc. has a 12 month low of C$11.09 and a 12 month high of C$15.47. The company has a debt-to-equity ratio of 5.79, a current ratio of 2.11 and a quick ratio of 3.54. The business has a 50 day simple moving average of C$13.81 and a 200-day simple moving average of C$12.88. The stock has a market capitalization of C$1.07 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 10.78 and a beta of 0.38.

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

Pason Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Tuesday, June 16th. Pason Systems’s payout ratio is presently 86.67%.

Analyst Upgrades and Downgrades

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