Insider Selling: Pason Systems (TSE:PSI) Insider Sells 6,500 Shares of Stock

Key Points

• Insider sale: Russell Smith sold 6,500 Pason Systems shares at C$14.70 each for C$95,550, reducing his direct holdings by 46.43% to 7,500 shares.
• Recent performance: Pason Systems reported quarterly EPS of C$0.18 on revenue of C$100.78 million. Its shares recently traded at C$14.52, near the upper end of their C$11.09–C$15.47 one-year range.
• Dividend and outlook: The company pays a quarterly dividend of C$0.13, equivalent to a 3.6% yield, while analysts maintain a “Moderate Buy” consensus with an average price target of C$15.83.

Pason Systems Inc. (TSE:PSI - Get Free Report) insider Russell Smith sold 6,500 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of C$14.70, for a total value of C$95,550.00. Following the completion of the transaction, the insider directly owned 7,500 shares in the company, valued at approximately C$110,250. The trade was a 46.43% decrease in their position.

Pason Systems Stock Performance

Shares of TSE PSI traded down C$0.04 during mid-day trading on Monday, hitting C$14.52. 97,622 shares of the company were exchanged, compared to its average volume of 246,015. 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 stock has a 50 day simple moving average of C$12.90 and a 200-day simple moving average of C$13.16. Pason Systems Inc. has a 1-year low of C$11.09 and a 1-year high of C$15.47. The firm has a market cap of C$1.13 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 10.78 and a beta of 0.43.

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

Pason Systems Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. Pason Systems's payout ratio is presently 83.87%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PSI. TD cut their price target on shares of Pason Systems from C$18.00 to C$15.00 and set a "hold" rating for the company in a report on Monday, July 13th. TD Securities raised Pason Systems from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada boosted their target price 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 investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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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