Pason Systems Inc. (TSE:PSI) Given Consensus Rating of “Hold” by Brokerages

Pason Systems Inc. (TSE:PSIGet Rating) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$19.58.

A number of research analysts have recently commented on the company. National Bankshares increased their price objective on Pason Systems from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a report on Friday, November 4th. BMO Capital Markets increased their price objective on Pason Systems from C$23.00 to C$24.00 in a report on Thursday, November 3rd. Finally, Barclays raised their target price on Pason Systems from C$14.00 to C$15.00 in a report on Wednesday, November 9th.

Pason Systems Stock Performance

Shares of TSE PSI opened at C$16.12 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 3.54 and a current ratio of 3.83. The firm has a market cap of C$1.32 billion and a price-to-earnings ratio of 16.12. The business’s 50-day simple moving average is C$14.39 and its 200-day simple moving average is C$14.56. Pason Systems has a 52 week low of C$9.92 and a 52 week high of C$17.12.

Pason Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 31st. Shareholders of record on Thursday, December 15th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $0.48 dividend on an annualized basis and a yield of 2.98%. This is a positive change from Pason Systems’s previous quarterly dividend of $0.08. Pason Systems’s dividend payout ratio (DPR) is 29.00%.

Insiders Place Their Bets

In other news, Senior Officer Bryce Mclean acquired 22,667 shares of Pason Systems stock in a transaction on Thursday, November 17th. The stock was bought at an average price of C$12.90 per share, for a total transaction of C$292,404.30. Following the transaction, the insider now owns 29,930 shares of the company’s stock, valued at C$386,097.

Pason Systems Company Profile

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Pason Systems Inc, an energy services and technology company, provides data management systems for drilling rigs in Canada, the United States, and internationally. The company offers Electronic Drilling Recorder, which monitors and records drilling operations around the rig; DataHub for storing data and information collected from the rig for on-demand retrieval; DataLink service provides direct connection interfaces for IT systems and analytics tools; Pason Live for monitoring rig operations in real-time using desktop computers or mobile devices; and daily and end-of-well KPI reports provide visual statistics on rig performance.

Further Reading

Analyst Recommendations for Pason Systems (TSE:PSI)

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