Pason Systems (TSE:PSI) Price Target Lowered to C$13.00 at TD Securities

Pason Systems (TSE:PSI) had its target price reduced by TD Securities from C$16.00 to C$13.00 in a report published on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, National Bankshares decreased their price target on shares of Pason Systems from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a research note on Thursday, December 19th.

Pason Systems Trading Up 2.0 %

Shares of PSI stock opened at C$11.21 on Wednesday. Pason Systems has a fifty-two week low of C$10.43 and a fifty-two week high of C$18.59. The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.54 and a current ratio of 2.59. The stock’s fifty day moving average is C$12.51 and its two-hundred day moving average is C$13.49. The firm has a market capitalization of C$892.35 million, a P/E ratio of 7.91, a PEG ratio of 10.78 and a beta of 1.58.

Pason Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.52 annualized dividend and a dividend yield of 4.64%. Pason Systems’s dividend payout ratio is presently 36.70%.

About Pason Systems

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.