Pason Systems Inc. (PSI) To Go Ex-Dividend on December 17th

Pason Systems Inc. (TSE:PSI) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Tuesday, December 17th will be given a dividend of 0.13 per share on Tuesday, December 31st. This represents a $0.52 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Tuesday, December 17th.

Pason Systems Stock Up 2.0 %

TSE:PSI traded up C$0.30 on Friday, reaching C$15.03. The stock had a trading volume of 219,065 shares, compared to its average volume of 140,512. Pason Systems has a 12-month low of C$12.33 and a 12-month high of C$18.59. The company has a 50-day moving average of C$13.79 and a 200 day moving average of C$15.47. The company has a current ratio of 2.62, a quick ratio of 3.54 and a debt-to-equity ratio of 3.41. The stock has a market cap of C$1.20 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58.

Pason Systems (TSE:PSI) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.14 earnings per share (EPS) for the quarter. Pason Systems had a net margin of 30.14% and a return on equity of 26.63%. The business had revenue of C$95.86 million during the quarter, compared to analyst estimates of C$90.20 million. On average, research analysts predict that Pason Systems will post 1.229765 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PSI. Barclays lowered their target price on shares of Pason Systems from C$15.00 to C$13.00 in a research note on Thursday, August 15th. TD Securities cut their price objective on shares of Pason Systems from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research report on Tuesday, October 8th. Finally, BMO Capital Markets lowered their target price on Pason Systems from C$21.00 to C$18.00 in a research report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$17.50.

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.