Insider Selling: Pason Systems Inc. (TSE:PSI) Senior Officer Sells C$502,090.00 in Stock

Pason Systems Inc. (TSE:PSI) Senior Officer Jonathan Faber sold 29,500 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of C$17.02, for a total transaction of C$502,090.00.

Jonathan Faber also recently made the following trade(s):

• On Tuesday, June 25th, Jonathan Faber sold 12,500 shares of Pason Systems stock. The stock was sold at an average price of C$17.21, for a total transaction of C$215,143.75.
• On Monday, June 3rd, Jonathan Faber sold 6,100 shares of Pason Systems stock. The stock was sold at an average price of C$16.75, for a total transaction of C$102,175.00.

Pason Systems Stock Performance

Shares of PSI opened at C$18.12 on Friday. Pason Systems Inc. has a one year low of C$11.03 and a one year high of C$18.16. The company has a 50-day moving average of C$16.30 and a two-hundred day moving average of C$15.50. The stock has a market cap of C$1.44 billion, a price-to-earnings ratio of 11.05, 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.

Pason Systems (TSE:PSI) last announced its 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 company had revenue of C$104.76 million during the quarter, compared to analysts’ expectations of C$107.00 million. On average, equities research analysts expect that Pason Systems Inc. will post 1.2097147 earnings per share for the current year.

Pason Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 28th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, June 14th. Pason Systems’s payout ratio is 31.71%.

Analyst Upgrades and Downgrades

PSI has been the topic of a number of research reports. BMO Capital Markets increased their target price on shares of Pason Systems from C$18.00 to C$20.00 in a report on Tuesday, April 23rd. TD Securities increased their price objective 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 equities 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, Pason Systems presently has a consensus rating of “Moderate Buy” and a consensus target price 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.