Pason Systems Inc. (TSE:PSI) Receives Consensus Rating of “Moderate Buy” from Analysts

Pason Systems Inc. (TSE:PSI) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$18.17.

Several equities research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Pason Systems from C$16.00 to C$17.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. BMO Capital Markets decreased their target price on shares of Pason Systems from C$21.00 to C$18.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th.

Pason Systems Stock Up 1.1 %

TSE:PSI opened at C$16.18 on Friday. The business’s fifty day moving average price is C$14.99 and its 200 day moving average price is C$14.66. The firm has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 10.78 and a beta of 1.69. The company has a current ratio of 4.84, a quick ratio of 3.54 and a debt-to-equity ratio of 3.24. Pason Systems has a 1-year low of C$10.75 and a 1-year high of C$17.49.

Pason Systems (TSE:PSI) last issued its earnings results on Wednesday, February 28th. The company reported C$0.11 earnings per share for the quarter. The company had revenue of C$93.30 million for the quarter, compared to the consensus estimate of C$86.65 million. Pason Systems had a return on equity of 24.51% and a net margin of 26.41%. On average, sell-side analysts forecast that Pason Systems will post 1.2858226 earnings per share for the current fiscal year.

Pason Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 29th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.21%. This is an increase from Pason Systems’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, March 14th. Pason Systems’s dividend payout ratio (DPR) is presently 42.98%.

Insider Buying and Selling

In other Pason Systems news, Senior Officer Russell Smith sold 7,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$15.30, for a total transaction of C$107,100.00. Corporate insiders own 0.31% of the company’s stock.

About Pason Systems

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.