Pason Systems (TSE:PSI) Insider Sells C$103,425.00 in Stock

Key Points

• Insider sale: Russell Smith sold 7,500 Pason Systems shares for C$103,425 at an average price of C$13.79, following another 6,500-share sale in August.
• Stock and earnings: Pason shares traded at C$14.12, while the company reported quarterly EPS of C$0.18 and revenue of C$100.78 million.
• Dividend and analyst view: The company pays a quarterly dividend of C$0.13, equivalent to a 3.7% yield, and analysts maintain a “Moderate Buy” consensus with an average target price of C$15.83.

Pason Systems Inc. (TSE:PSI - Get Free Report) insider Russell Smith sold 7,500 shares of Pason Systems stock in a transaction dated Monday, September 28th. The shares were sold at an average price of C$13.79, for a total value of C$103,425.00.

Russell Smith also recently made the following trade(s):

• On Thursday, August 13th, Russell Smith sold 6,500 shares of Pason Systems stock. The stock was sold at an average price of C$14.70, for a total transaction of C$95,550.00.

Pason Systems Price Performance

TSE:PSI traded up C$0.27 during trading hours on Thursday, hitting C$14.12. 55,340 shares of the stock traded hands, compared to its average volume of 238,532. The company has a quick ratio of 3.54, a current ratio of 2.29 and a debt-to-equity ratio of 5.51. Pason Systems Inc. has a 1 year low of C$11.33 and a 1 year high of C$15.47. The company has a market cap of C$1.10 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 10.78 and a beta of 0.60. The stock has a 50 day moving average price of C$13.90 and a 200 day moving average price of C$13.55.

Pason Systems (TSE:PSI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share for the quarter. The business 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%. Sell-side analysts forecast that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.

Pason Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.7%. Pason Systems's dividend payout ratio is 83.87%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. 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. TD dropped their target price on shares of Pason Systems from C$18.00 to C$15.00 and set a "hold" rating for the company in a research report on Monday, July 13th. One equities research 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. According to MarketBeat.com, Pason Systems currently has an average rating of "Moderate Buy" and a consensus target price 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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