Insider Selling: Pason Systems Inc. (TSE:PSI) Senior Officer Sells C$215,143.75 in Stock

Pason Systems Inc. (TSE:PSI) Senior Officer Jonathan Faber sold 12,500 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of C$17.21, for a total value of C$215,143.75.

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

• On Friday, June 21st, Jonathan Faber sold 29,500 shares of Pason Systems stock. The shares were sold at an average price of C$17.02, for a total value of C$502,090.00.
• 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 value of C$102,175.00.

Pason Systems Stock Performance

TSE PSI opened at C$18.43 on Friday. The firm has a market capitalization of C$1.47 billion, a P/E ratio of 11.24, a P/E/G ratio of 10.78 and a beta of 1.70. Pason Systems Inc. has a 1-year low of C$11.03 and a 1-year high of C$18.57. 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 50-day simple moving average is C$16.35 and its 200-day simple moving average is C$15.52.

Pason Systems (TSE:PSI) last released its quarterly earnings data on Thursday, May 2nd. The company reported C$0.87 earnings per share for the quarter, beating the consensus estimate of C$0.29 by C$0.58. The business had revenue of C$104.76 million for the quarter, compared to analyst estimates of C$107.00 million. Pason Systems had a return on equity of 30.12% and a net margin of 34.92%. Equities analysts predict that Pason Systems Inc. will post 1.2097147 EPS for the current year.

Pason Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Friday, June 14th. Pason Systems’s dividend payout ratio (DPR) is presently 31.71%.

Wall Street Analyst Weigh In

PSI has been the topic of a number of research analyst reports. BMO Capital Markets raised their price target on Pason Systems from C$18.00 to C$20.00 in a research note on Tuesday, April 23rd. TD Securities raised their price target on 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.