Lars Olesen Sells 5,000 Shares of Pason Systems Inc. (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI) Senior Officer Lars Olesen sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of C$17.26, for a total value of C$86,300.00.

Lars Olesen also recently made the following trade(s):

• On Wednesday, May 8th, Lars Olesen sold 22,500 shares of Pason Systems stock. The shares were sold at an average price of C$15.90, for a total value of C$357,750.00.

Pason Systems Stock Up 0.8 %

Pason Systems stock opened at C$17.16 on Monday. The company has a debt-to-equity ratio of 3.44, a current ratio of 2.65 and a quick ratio of 3.54. The stock has a market capitalization of C$1.37 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 10.78 and a beta of 1.70. The business has a 50 day simple moving average of C$16.17 and a 200-day simple moving average of C$15.35. Pason Systems Inc. has a 12 month low of C$10.75 and a 12 month high of C$17.55.

Pason Systems (TSE:PSI) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.29 by C$0.58. The firm had revenue of C$104.76 million for the quarter, compared to analysts’ expectations of C$107.00 million. Pason Systems had a net margin of 34.92% and a return on equity of 30.12%. On average, analysts anticipate that Pason Systems Inc. will post 1.2097147 EPS for the current fiscal year.

Pason Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.03%. Pason Systems’s dividend payout ratio is currently 31.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PSI shares. BMO Capital Markets raised their price objective on shares of Pason Systems from C$18.00 to C$20.00 in a research note on Tuesday, April 23rd. TD Securities increased their price target on shares of Pason Systems from C$21.00 to C$22.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Pason Systems currently has a consensus rating of “Moderate Buy” and an average price target of C$18.83.

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.