Pason Systems (TSE:PSI) Reaches New 12-Month High at $18.57

Pason Systems Inc. (TSE:PSI) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$18.57 and last traded at C$18.47, with a volume of 20097 shares traded. The stock had previously closed at C$18.35.

Wall Street Analyst Weigh In

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

Pason Systems Price Performance

The stock has a market cap of C$1.47 billion, a P/E ratio of 11.29, a PEG ratio of 10.78 and a beta of 1.70. 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 business’s fifty day moving average price is C$16.48 and its 200 day moving average price is C$15.59.

Pason Systems (TSE:PSI) last posted its earnings results on Thursday, May 2nd. The company reported C$0.87 EPS for the quarter, topping analysts’ consensus estimates of C$0.29 by C$0.58. The firm had revenue of C$104.76 million during 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%. Sell-side analysts forecast 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 was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were issued a $0.13 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.81%. Pason Systems’s dividend payout ratio (DPR) is currently 31.71%.

Insider Transactions at Pason Systems

In related news, Senior Officer Bryce Mclean sold 4,250 shares of Pason Systems stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of C$18.00, for a total transaction of C$76,500.00. In other news, Senior Officer Jonathan Faber sold 12,500 shares of the stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of C$17.21, for a total value of C$215,143.75. Also, Senior Officer Bryce Mclean sold 4,250 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of C$18.00, for a total value of C$76,500.00. Over the last 90 days, insiders sold 112,850 shares of company stock valued at $1,877,989. 0.31% of the stock is currently owned by insiders.

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.