Pason Systems Inc. (TSE:PSI) Declares $0.13 Quarterly Dividend

Key Points

• Pason Systems declared a C$0.13 quarterly dividend, payable September 29 to shareholders of record on the same date, representing an annualized yield of approximately 3.5%.
• The company reported quarterly earnings of C$0.18 per share on revenue of C$100.78 million, with an 11.53% net margin and 9.71% return on equity.
• Analyst sentiment is moderately bullish, with a consensus “Moderate Buy” rating and an average price target of C$15.83, despite TD lowering its target to C$15.00.

Pason Systems Inc. (TSE:PSI - Get Free Report) declared a quarterly dividend on Tuesday, September 15th. Stockholders of record on Tuesday, September 29th will be paid a dividend of 0.13 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 15th.

Pason Systems Stock Performance

Shares of Pason Systems stock traded up C$0.11 during trading on Friday, reaching C$14.73. The company's stock had a trading volume of 71,640 shares, compared to its average volume of 245,493. The company has a 50-day moving average price of C$13.50 and a two-hundred day moving average price of C$13.40. Pason Systems has a fifty-two week low of C$11.33 and a fifty-two week high of C$15.47. The firm has a market cap of C$1.14 billion, a PE ratio of 23.76, a P/E/G ratio of 10.78 and a beta of 0.60. The company has a current ratio of 2.29, a quick ratio of 3.54 and a debt-to-equity ratio of 5.51.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on PSI shares. TD lowered their price target on Pason Systems from C$18.00 to C$15.00 and set a "hold" rating on the stock in a report on Monday, July 13th. Royal Bank Of Canada increased their price objective on Pason Systems from C$16.00 to C$17.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Pason Systems has a consensus rating of "Moderate Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.