Pason Systems (TSE:PSI) Insider Sells C$40,004.36 in Stock

Key Points

• Insider selling: Kevin Boston sold 2,714 Pason Systems shares for C$40,004.36, reducing his ownership by 27.1% to 7,300 shares. He has also made several additional sales in recent months.
• Stock and earnings: Pason Systems shares fell 0.3% to C$14.52, while the company reported quarterly EPS of C$0.18 and revenue of C$100.78 million.
• Dividend and analyst outlook: The company offers an annualized dividend of C$0.52 per share, yielding 3.6%. Analysts have a “Moderate Buy” consensus with an average price target of C$15.83.

Pason Systems Inc. (TSE:PSI - Get Free Report) insider Kevin Boston sold 2,714 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of C$14.74, for a total value of C$40,004.36. Following the completion of the transaction, the insider owned 7,300 shares in the company, valued at C$107,602. This represents a 27.10% decrease in their ownership of the stock.

Kevin Boston also recently made the following trade(s):

• On Thursday, August 13th, Kevin Boston sold 6,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.64, for a total transaction of C$87,840.00.
• On Wednesday, June 3rd, Kevin Boston sold 100 shares of Pason Systems stock. The shares were sold at an average price of C$14.94, for a total transaction of C$1,494.00.
• On Friday, May 29th, Kevin Boston sold 400 shares of Pason Systems stock. The shares were sold at an average price of C$14.62, for a total value of C$5,848.00.
• On Friday, May 29th, Kevin Boston sold 1,600 shares of Pason Systems stock. The stock was sold at an average price of C$14.60, for a total transaction of C$23,360.00.
• On Friday, May 29th, Kevin Boston sold 2,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.74, for a total transaction of C$29,480.00.
• On Wednesday, May 27th, Kevin Boston sold 200 shares of Pason Systems stock. The stock was sold at an average price of C$14.37, for a total transaction of C$2,874.00.
• On Wednesday, May 27th, Kevin Boston sold 1,300 shares of Pason Systems stock. The stock was sold at an average price of C$14.36, for a total transaction of C$18,668.00.
• On Wednesday, May 27th, Kevin Boston sold 2,000 shares of Pason Systems stock. The stock was sold at an average price of C$14.47, for a total value of C$28,940.00.

Pason Systems Stock Down 0.3%

Shares of TSE PSI traded down C$0.04 during mid-day trading on Monday, hitting C$14.52. The company had a trading volume of 97,622 shares, compared to its average volume of 246,015. The company has a market capitalization 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 business'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 1-year low of C$11.09 and a 1-year high of C$15.47. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.29 and a quick ratio of 3.54.

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

Pason Systems Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target 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. TD reduced their price objective on shares of 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. Finally, TD Securities raised shares of Pason Systems from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Pason Systems currently 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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