Pason Systems (TSE:PSI – Free Report) had its price target trimmed by BMO Capital Markets from C$22.00 to C$21.00 in a research report report published on Thursday, BayStreet.CA reports.
Separately, TD Securities boosted their price target 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Pason Systems presently has a consensus rating of Moderate Buy and a consensus price target of C$18.67.
Pason Systems Price Performance
Pason Systems Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Friday, September 13th. Pason Systems’s payout ratio is presently 35.86%.
Insider Buying and Selling at Pason Systems
In other Pason Systems news, Senior Officer Russell Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of C$15.50, for a total value of C$201,500.00. In other Pason Systems news, Senior Officer Russell Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of C$15.50, for a total value of C$201,500.00. Also, Senior Officer Kevin Boston sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of C$15.80, for a total transaction of C$78,980.00. Over the last 90 days, insiders sold 90,350 shares of company stock valued at $1,520,239. 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.
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