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

Pason Systems Inc. (TSE:PSIGet Free Report) Senior Officer Celine Boston sold 5,000 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$17.33, for a total transaction of C$86,650.00.

Pason Systems Trading Down 0.3 %

Shares of TSE:PSI opened at C$17.25 on Friday. The company’s 50-day moving average price is C$16.11 and its two-hundred day moving average price is C$15.22. The company has a debt-to-equity ratio of 3.44, a current ratio of 2.65 and a quick ratio of 3.54. Pason Systems Inc. has a one year low of C$10.75 and a one year high of C$17.49. The stock has a market capitalization of C$1.37 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 10.78 and a beta of 1.70.

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

Pason Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be issued a $0.13 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.01%. Pason Systems’s payout ratio is 31.71%.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on Pason Systems

Pason Systems Company Profile

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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.

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