Pason Systems (TSE:PSI) Insider Sells C$654,750.00 in Stock

Pason Systems Inc. (TSE:PSI) insider Jonathan Faber sold 45,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of C$14.55, for a total value of C$654,750.00. Following the completion of the sale, the insider directly owned 42,000 shares of the company’s stock, valued at C$611,100. The trade was a 51.72% decrease in their ownership of the stock.

Pason Systems Stock Performance

Shares of Pason Systems stock opened at C$13.80 on Thursday. The firm’s fifty day simple moving average is C$12.92 and its 200-day simple moving average is C$13.20. The stock has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 10.78 and a beta of 0.43. Pason Systems Inc. has a 12 month low of C$11.17 and a 12 month high of C$15.47. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.29 and a quick ratio of 3.54.

Pason Systems (TSE:PSI) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share for the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. The firm had revenue of C$100.78 million during the quarter. As a group, equities analysts forecast that Pason Systems Inc. will post 1.229765 earnings per share for the current year.

Pason Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 16th. Pason Systems’s dividend payout ratio is presently 83.87%.

Analyst Ratings Changes

Several brokerages recently issued reports on PSI. TD dropped their price target on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Royal Bank Of Canada lifted their target price on Pason Systems from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Finally, TD Securities raised Pason Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$15.83.

About Pason Systems

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.