Insider Selling: Pason Systems (TSE:PSI) Insider Sells C$654,750.00 in Stock

Key Points

• Insider sale: Jonathan Faber sold 45,000 Pason Systems shares for C$654,750 at C$14.55 per share, reducing his direct holdings by 51.72% to 42,000 shares.
• Financial results and dividend: Pason Systems reported quarterly EPS of C$0.18 on revenue of C$100.78 million. The company pays a quarterly dividend of C$0.13, equivalent to a 3.6% annual yield.
• Stock and analyst outlook: Shares recently traded at C$14.52, within a 52-week range of C$11.09 to C$15.47. Analysts have a consensus “Moderate Buy” rating and an average price target of C$15.83.

Pason Systems Inc. (TSE:PSI - Get Free Report) insider Jonathan Faber sold 45,000 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of C$14.55, for a total transaction of C$654,750.00. Following the completion of the transaction, the insider directly owned 42,000 shares of the company's stock, valued at C$611,100. This trade represents a 51.72% decrease in their position.

Pason Systems Stock Down 0.3%

TSE PSI traded down C$0.04 during midday trading on Monday, hitting C$14.52. 97,622 shares of the company traded hands, compared to its average volume of 246,015. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.29 and a quick ratio of 3.54. The company has a market cap of C$1.13 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 10.78 and a beta of 0.43. The company's 50-day simple moving average is C$12.90 and its 200-day simple moving average is C$13.16. Pason Systems Inc. has a 52 week low of C$11.09 and a 52 week high of C$15.47.

Pason Systems (TSE:PSI - Get Free Report) last announced 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 return on equity of 9.71% and a net margin of 11.53%. As a group, equities research analysts forecast that Pason Systems Inc. will post 1.229765 earnings per share for the current year.

Pason Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.6%. The ex-dividend date was Tuesday, June 16th. Pason Systems's payout ratio is 83.87%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TD Securities upgraded shares of Pason Systems from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. Royal Bank Of Canada boosted their price objective on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Finally, TD lowered 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 note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.

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