S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
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S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why is Russia reopening dormant copper mines? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Why is Russia reopening dormant copper mines? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why is Russia reopening dormant copper mines? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Why is Russia reopening dormant copper mines? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why is Russia reopening dormant copper mines? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Why is Russia reopening dormant copper mines? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving

Bryce Mclean Acquires 22,667 Shares of Pason Systems Inc. (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI - Get Rating) Senior Officer Bryce Mclean purchased 22,667 shares of Pason Systems stock in a transaction dated Thursday, November 17th. The shares were purchased at an average price of C$12.90 per share, with a total value of C$292,404.30. Following the completion of the acquisition, the insider now owns 29,930 shares in the company, valued at C$386,097.

Pason Systems Stock Performance

PSI traded up C$0.06 on Friday, hitting C$16.26. The company had a trading volume of 54,240 shares, compared to its average volume of 220,443. The company's fifty day moving average price is C$14.19 and its 200 day moving average price is C$14.54. Pason Systems Inc. has a 1-year low of C$9.92 and a 1-year high of C$17.12. The company has a debt-to-equity ratio of 1.64, a current ratio of 3.83 and a quick ratio of 3.54. The stock has a market cap of C$1.33 billion and a price-to-earnings ratio of 16.26.

Pason Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 31st. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This is a positive change from Pason Systems's previous quarterly dividend of $0.08. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.95%. Pason Systems's payout ratio is 29.00%.

Wall Street Analysts Forecast Growth


PSI has been the subject of several research reports. National Bankshares lifted their price target on Pason Systems from C$19.00 to C$20.00 and gave the company a "sector perform" rating in a report on Friday, November 4th. BMO Capital Markets boosted their target price on Pason Systems from C$23.00 to C$24.00 in a report on Thursday, November 3rd. Finally, Barclays boosted their target price on Pason Systems from C$14.00 to C$15.00 in a report on Wednesday, November 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of C$19.58.

Pason Systems Company Profile

(Get Rating)

Pason Systems Inc, an energy services and technology company, provides data management systems for drilling rigs in Canada, the United States, and internationally. The company offers Electronic Drilling Recorder, which monitors and records drilling operations around the rig; DataHub for storing data and information collected from the rig for on-demand retrieval; DataLink service provides direct connection interfaces for IT systems and analytics tools; Pason Live for monitoring rig operations in real-time using desktop computers or mobile devices; and daily and end-of-well KPI reports provide visual statistics on rig performance.

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