Pason Systems (TSE:PSI) Given New C$20.00 Price Target at BMO Capital Markets

Pason Systems (TSE:PSI) had its target price raised by BMO Capital Markets from C$18.00 to C$20.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

Separately, Stifel Nicolaus upped their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the company a hold rating in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$18.50.

Pason Systems Stock Performance

Shares of PSI opened at C$16.15 on Tuesday. The company has a market capitalization of C$1.28 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 10.78 and a beta of 1.69. Pason Systems has a one year low of C$10.75 and a one year high of C$17.49. The company has a debt-to-equity ratio of 3.24, a current ratio of 4.84 and a quick ratio of 3.54. The company’s fifty day moving average price is C$15.05 and its 200 day moving average price is C$14.72.

Pason Systems (TSE:PSI) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.11 EPS for the quarter. The business had revenue of C$93.30 million during the quarter, compared to analyst estimates of C$86.65 million. Pason Systems had a net margin of 26.41% and a return on equity of 24.51%. As a group, analysts expect that Pason Systems will post 1.2858226 earnings per share for the current year.

Pason Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 29th were paid a $0.13 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 3.22%. This is a boost from Pason Systems’s previous quarterly dividend of $0.12. Pason Systems’s payout ratio is presently 42.98%.

Insiders Place Their Bets

In other Pason Systems news, Senior Officer Russell Smith sold 7,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of C$15.30, for a total transaction of C$107,100.00. Insiders own 0.31% of the company’s stock.

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.