Pason Systems (TSE:PSI) Director Purchases C$41,880.00 in Stock

Pason Systems Inc. (TSE:PSI) Director Kenneth Brandon Mullen purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were acquired at an average price of C$13.96 per share, for a total transaction of C$41,880.00. Following the completion of the purchase, the director directly owned 8,000 shares in the company, valued at C$111,680. This represents a 60.00% increase in their position.

Pason Systems Stock Up 0.1%

Pason Systems stock opened at C$14.25 on Friday. The firm has a 50 day simple moving average of C$13.94 and a 200 day simple moving average of C$13.57. The company has a current ratio of 2.29, a quick ratio of 3.54 and a debt-to-equity ratio of 5.51. Pason Systems Inc. has a 1-year low of C$11.33 and a 1-year high of C$15.47. The firm has a market capitalization of C$1.11 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 10.78 and a beta of 0.61.

Pason Systems (TSE:PSI) last posted its earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share (EPS) for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%.The firm had revenue of C$100.78 million for the quarter. On average, analysts predict that Pason Systems Inc. will post 1.229765 earnings per share for the current year.

Pason Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 15th. Pason Systems’s dividend payout ratio (DPR) is 83.87%.

Wall Street Analyst Weigh In

Several analysts have issued reports on PSI shares. Royal Bank Of Canada increased their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. TD decreased their price target on shares of Pason Systems from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$15.83.

Pason Systems Company Profile

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.