Pason Systems Inc. (TSE:PSI - Get Free Report) Senior Officer Lars Olesen sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of C$17.26, for a total transaction of C$86,300.00.
Lars Olesen also recently made the following trade(s):
- On Wednesday, May 8th, Lars Olesen sold 22,500 shares of Pason Systems stock. The stock was sold at an average price of C$15.90, for a total transaction of C$357,750.00.
Pason Systems Trading Up 1.6 %
Shares of Pason Systems stock opened at C$17.16 on Friday. The stock has a market capitalization of C$1.37 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 10.78 and a beta of 1.70. Pason Systems Inc. has a 52 week low of C$10.75 and a 52 week high of C$17.55. The stock has a 50 day moving average price of C$16.17 and a two-hundred day moving average price of C$15.33. The company has a debt-to-equity ratio of 3.44, a quick ratio of 3.54 and a current ratio of 2.65.
Pason Systems (TSE:PSI - Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported C$0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.29 by C$0.58. The company had revenue of C$104.76 million for the quarter, compared to analysts' expectations of C$107.00 million. Pason Systems had a return on equity of 30.12% and a net margin of 34.92%. As a group, equities analysts anticipate that Pason Systems Inc. will post 1.2097147 earnings per share for the current fiscal year.
Pason Systems Announces Dividend
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The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, June 14th. Pason Systems's payout ratio is presently 31.71%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the company. TD Securities boosted their price target on Pason Systems from C$21.00 to C$22.00 and gave the company a "buy" rating in a research note on Friday, May 31st. BMO Capital Markets boosted their target price on shares of Pason Systems from C$18.00 to C$20.00 in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$18.83.
View Our Latest Stock Analysis on Pason Systems
Pason Systems Company Profile
(
Get Free Report)
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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