Pason Systems (TSE:PSI) Price Target Raised to C$20.00 at BMO Capital Markets

Pason Systems (TSE:PSI) had its price target upped by BMO Capital Markets from C$18.00 to C$20.00 in a research note issued to investors on Tuesday, BayStreet.CA reports.

Separately, Stifel Nicolaus lifted their price objective on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock a hold rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of C$18.50.

Pason Systems Price Performance

Shares of Pason Systems stock opened at C$16.15 on Tuesday. Pason Systems has a twelve month low of C$10.75 and a twelve month high of C$17.49. The company has a quick ratio of 3.54, a current ratio of 4.84 and a debt-to-equity ratio of 3.24. The company has a 50-day simple moving average of C$15.05 and a two-hundred day simple moving average of C$14.72. The stock has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 10.78 and a beta of 1.69.

Pason Systems (TSE:PSI) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.11 earnings per share for the quarter. Pason Systems had a net margin of 26.41% and a return on equity of 24.51%. The business had revenue of C$93.30 million during the quarter, compared to analysts’ expectations of C$86.65 million. Analysts forecast that Pason Systems will post 1.2858226 EPS for the current year.

Pason Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 29th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Pason Systems’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 3.22%. Pason Systems’s payout ratio is presently 42.98%.

Insider Activity

In other news, Senior Officer Russell Smith sold 7,000 shares of the business’s stock in a transaction that occurred 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. 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.