Pason Systems (TSE:PSI) Director Kenneth Brandon Mullen Purchases 3,000 Shares of Stock

Key Points

• Director Kenneth Brandon Mullen purchased 3,000 Pason Systems shares at C$13.96 each, investing C$41,880 and increasing his direct holdings by 60% to 8,000 shares.
• Pason Systems shares rose 1.9% to C$14.12, while the company reported quarterly revenue of C$100.78 million and EPS of C$0.18.
• The company pays a quarterly dividend of C$0.13 per share, equivalent to an annualized C$0.52 and a 3.7% yield; analysts maintain a consensus “Moderate Buy” rating with a C$15.83 price target.

Pason Systems Inc. (TSE:PSI - Get Free Report) Director Kenneth Brandon Mullen purchased 3,000 shares of the stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average price of C$13.96 per share, for a total transaction of C$41,880.00. Following the completion of the acquisition, the director directly owned 8,000 shares in the company, valued at approximately C$111,680. This represents a 60.00% increase in their position.

Pason Systems Stock Up 1.9%

Shares of TSE PSI traded up C$0.27 during trading hours on Thursday, hitting C$14.12. 55,340 shares of the stock were exchanged, compared to its average volume of 238,532. Pason Systems Inc. has a 12 month low of C$11.33 and a 12 month high of C$15.47. The firm has a fifty day moving average price of C$13.90 and a 200-day moving average price of C$13.55. The company has a quick ratio of 3.54, a current ratio of 2.29 and a debt-to-equity ratio of 5.51. The company has a market cap of C$1.10 billion, a PE ratio of 22.77, a PEG ratio of 10.78 and a beta of 0.60.

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

Pason Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 15th. Pason Systems's payout ratio is currently 83.87%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. TD lowered their price objective on shares of Pason Systems from C$18.00 to C$15.00 and set a "hold" rating for the company in a research note on Monday, July 13th. Royal Bank Of Canada upped their target price on Pason Systems from C$16.00 to C$17.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Pason Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of C$15.83.

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.

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