Pason Systems (TSE:PSI) Price Target Cut to C$13.00 by Analysts at TD Securities

Pason Systems (TSE:PSI - Free Report) had its price objective decreased by TD Securities from C$16.00 to C$13.00 in a research report report published on Wednesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Separately, National Bankshares cut their price objective on shares of Pason Systems from C$20.00 to C$19.50 and set a "sector perform" rating for the company in a research report on Thursday, December 19th.

Pason Systems Trading Down 2.2 %

TSE PSI traded down C$0.25 on Wednesday, reaching C$10.96. 66,820 shares of the company were exchanged, compared to its average volume of 150,673. Pason Systems has a fifty-two week low of C$10.43 and a fifty-two week high of C$18.59. The stock has a market capitalization of C$872.45 million, a P/E ratio of 7.74, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58. The business's fifty day moving average price is C$12.51 and its 200 day moving average price is C$13.49. The company has a current ratio of 2.59, a quick ratio of 3.54 and a debt-to-equity ratio of 3.19.

Pason Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a dividend of $0.13 per share. The ex-dividend date was Monday, March 17th. This represents a $0.52 annualized dividend and a dividend yield of 4.74%. Pason Systems's dividend payout ratio is currently 36.70%.

Pason Systems Company Profile

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.