Pason Systems Inc. (TSE:PSI) Declares Quarterly Dividend of $0.13

Pason Systems Inc. (TSE:PSI) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.13 per share on Friday, June 28th. This represents a $0.52 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Friday, June 14th.

Pason Systems Stock Down 1.2 %

TSE PSI traded down C$0.19 on Friday, reaching C$15.78. 154,239 shares of the stock traded hands, compared to its average volume of 140,725. The company has a debt-to-equity ratio of 3.24, a quick ratio of 3.54 and a current ratio of 4.84. The company has a fifty day moving average price of C$15.27 and a 200-day moving average price of C$14.81. The company has a market cap of C$1.25 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 10.78 and a beta of 1.69. Pason Systems has a 12 month low of C$10.75 and a 12 month high of C$17.49.

Pason Systems (TSE:PSI) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.11 EPS for the quarter. The firm had revenue of C$93.30 million during the quarter, compared to analyst estimates of C$86.65 million. Pason Systems had a return on equity of 24.51% and a net margin of 26.41%. As a group, research analysts forecast that Pason Systems will post 1.2858226 EPS for the current fiscal year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research analysts have 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 stock a “hold” rating in a research report on Wednesday, January 10th. BMO Capital Markets boosted their target price on Pason Systems from C$18.00 to C$20.00 in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$18.50.

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.