Pason Systems Inc. (TSE:PSI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Pason Systems Inc. (TSE:PSI) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$18.50.

PSI has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on Pason Systems from C$18.00 to C$20.00 in a research report on Tuesday, April 23rd. Stifel Nicolaus boosted their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th.

Insider Buying and Selling

In other Pason Systems news, Senior Officer Russell Smith sold 7,000 shares of Pason Systems stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of C$15.30, for a total transaction of C$107,100.00. Insiders own 0.31% of the company’s stock.

Pason Systems Stock Up 1.0 %

PSI stock opened at C$15.67 on Wednesday. The company’s 50 day moving average price is C$15.36 and its 200 day moving average price is C$14.86. The firm has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 10.78 and a beta of 1.69. Pason Systems has a fifty-two week low of C$10.75 and a fifty-two week high of C$17.49. The company has a debt-to-equity ratio of 3.24, a quick ratio of 3.54 and a current ratio of 4.84.

Pason Systems (TSE:PSI) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.11 earnings per share for the quarter. Pason Systems had a net margin of 26.41% and a return on equity of 24.51%. The firm had revenue of C$93.30 million during the quarter, compared to analysts’ expectations of C$86.65 million. On average, equities research analysts anticipate that Pason Systems will post 1.2858226 EPS for the current fiscal year.

Pason Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, June 14th. Pason Systems’s dividend payout ratio is currently 42.98%.

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.