Pason Systems (TSE:PSI) Price Target Cut to C$21.00

Pason Systems (TSE:PSI – Get Rating) had its target price decreased by equities researchers at BMO Capital Markets from C$24.00 to C$21.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 50.00% from the stock’s current price.

A number of other brokerages have also issued reports on PSI. National Bankshares lifted their target price on Pason Systems from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Friday, November 4th. National Bank Financial reissued a “sector perform overweight” rating on shares of Pason Systems in a research report on Monday, January 30th. Stifel Nicolaus lowered Pason Systems from a “buy” rating to a “hold” rating and dropped their target price for the company from C$21.50 to C$19.50 in a research report on Wednesday, January 18th. Stifel Firstegy lowered Pason Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, January 17th. Finally, Barclays lifted their target price on Pason Systems from C$14.00 to C$15.00 in a research report on Wednesday, November 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$19.70.

Pason Systems Stock Down 4.8 %

Shares of Pason Systems stock opened at C$14.00 on Friday. The business’s 50 day simple moving average is C$15.44 and its 200 day simple moving average is C$14.88. Pason Systems has a 52-week low of C$12.05 and a 52-week high of C$17.12. The firm has a market cap of C$1.14 billion, a PE ratio of 14.00, a P/E/G ratio of 10.78 and a beta of 1.65. The company has a debt-to-equity ratio of 1.64, a quick ratio of 3.54 and a current ratio of 3.83.

Insiders Place Their Bets

In related news, Senior Officer Jonathan Faber sold 4,600 shares of the business’s stock in a transaction that occurred on Friday, December 23rd. The stock was sold at an average price of C$16.10, for a total transaction of C$74,060.00. Following the transaction, the insider now directly owns 42,000 shares of the company’s stock, valued at approximately C$676,200. Insiders own 0.22% of the company’s stock.

About Pason Systems

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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.