Brokerages Set Pason Systems Inc. (TSE:PSI) Target Price at C$19.17

Pason Systems Inc. (TSE:PSI) has earned an average rating of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$19.17.

A number of equities research analysts have commented on the stock. BMO Capital Markets raised their target price on shares of Pason Systems from C$20.00 to C$22.00 in a research note on Tuesday, July 16th. TD Securities raised their target price on shares of Pason Systems from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, May 31st.

Pason Systems Price Performance

TSE PSI opened at C$17.25 on Monday. The company has a 50-day moving average price of C$17.19 and a 200-day moving average price of C$15.82. The firm has a market capitalization of C$1.37 billion, a P/E ratio of 10.52, a PEG ratio of 10.78 and a beta of 1.70. Pason Systems has a 52 week low of C$12.33 and a 52 week high of C$18.59. The company has a quick ratio of 3.54, a current ratio of 2.65 and a debt-to-equity ratio of 3.44.

Pason Systems (TSE:PSI) last released its earnings results on Thursday, May 2nd. The company reported C$0.87 EPS for the quarter, topping analysts’ consensus estimates of C$0.29 by C$0.58. Pason Systems had a net margin of 34.92% and a return on equity of 30.12%. The company had revenue of C$104.76 million for the quarter, compared to analysts’ expectations of C$107.00 million. Equities research analysts anticipate that Pason Systems will post 1.2097147 earnings per share for the current year.

Pason Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Friday, June 14th. Pason Systems’s payout ratio is currently 31.71%.

Insider Activity

In related news, Senior Officer Jonathan Faber sold 29,500 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of C$17.02, for a total value of C$502,090.00. In related news, Senior Officer Jonathan Faber sold 29,500 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of C$17.02, for a total value of C$502,090.00. Also, Senior Officer Bryce Mclean sold 4,250 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of C$18.00, for a total transaction of C$76,500.00. Insiders have sold a total of 112,850 shares of company stock worth $1,877,989 over the last quarter. Insiders own 0.31% of the company’s stock.

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.