Pason Systems - PSI Stock Forecast, Price & News

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. It also provides Drilling intelligence to suggest drilling parameters, detect disfunction, and send event alerts to onsite personnel and remote engineers in real time; and Drilling automation, a reality across rig platforms. In addition, the company offers Pason Gas Analyzer for real-time gas measurement; a robust system of alarms and sensors to monitor ambient gasses in the atmosphere and in the drilling fluids; and Pason Pit Volume Totalizer to track the volumes, gains, and losses of drilling fluids on location. Further, it provides field support, monitoring, drilling optimization, and office support for data integration. The company serves E&P operators, drilling contractors, and other oilfield service companies. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PSI. BMO Capital Markets reaffirmed a "buy" rating and set a C$23.00 price objective (up from C$22.00) on shares of Pason Systems in a research note on Friday, April 29th. National Bankshares lifted their price target on Pason Systems from C$15.25 to C$19.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 26th. Stifel Nicolaus increased their price objective on Pason Systems from C$20.00 to C$21.00 in a research note on Tuesday, May 3rd. Barclays lifted their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 11th. Finally, Royal Bank of Canada raised their price target on shares of Pason Systems from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a report on Monday, May 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$19.58.

Pason Systems Stock Up 0.1 %

Shares of TSE:PSI traded up C$0.02 during mid-day trading on Friday, hitting C$14.31. 12,150 shares of the stock traded hands, compared to its average volume of 248,912. The stock has a fifty day moving average price of C$14.57 and a 200-day moving average price of C$14.64. The company has a debt-to-equity ratio of 2.16, a quick ratio of 4.18 and a current ratio of 4.26. The company has a market cap of C$1.17 billion and a price-to-earnings ratio of 24.22. Pason Systems has a 52 week low of C$7.61 and a 52 week high of C$17.12.

Pason Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, September 14th. Pason Systems's dividend payout ratio (DPR) is presently 44.07%.