Pason Systems Inc. (TSE:PSI) Receives Consensus Rating of “Hold” from Analysts

Shares of Pason Systems Inc. (TSE:PSI – Get Rating) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$17.10.

A number of research analysts recently weighed in on PSI shares. BMO Capital Markets decreased their target price on shares of Pason Systems from C$21.00 to C$19.00 in a research report on Monday, March 27th. Royal Bank of Canada decreased their price target on Pason Systems from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Monday, May 8th. Stifel Nicolaus raised their price target on Pason Systems from C$15.00 to C$15.50 in a research note on Monday, May 8th. Barclays decreased their price target on Pason Systems from C$14.00 to C$12.00 in a research note on Tuesday, May 16th. Finally, National Bankshares upgraded Pason Systems from a “sector perform” rating to an “outperform” rating and set a C$20.00 price target for the company in a research note on Tuesday, April 25th.

Pason Systems Stock Up 0.9 %

TSE:PSI opened at C$11.83 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.54 and a current ratio of 4.02. The company has a market cap of C$952.91 million, a PE ratio of 7.83, a PEG ratio of 10.78 and a beta of 1.67. Pason Systems has a 52-week low of C$10.87 and a 52-week high of C$16.98. The stock has a 50-day simple moving average of C$11.79 and a 200 day simple moving average of C$14.16.

Pason Systems (TSE:PSI – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported C$0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.07. The firm had revenue of C$94.42 million for the quarter, compared to the consensus estimate of C$94.60 million. On average, sell-side analysts expect that Pason Systems will post 1.2853958 EPS for the current fiscal year.

Pason Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Wednesday, June 14th. Pason Systems’s payout ratio is 31.79%.

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.