Pason Systems (TSE:PSI – Free Report) had its price target increased by BMO Capital Markets from C$18.00 to C$20.00 in a report released on Tuesday, BayStreet.CA reports.
Separately, Stifel Nicolaus upped their price target on Pason Systems from C$16.00 to C$17.00 and gave the stock a hold rating in a research note on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of C$18.50.
Pason Systems Stock Up 1.4 %
Pason Systems (TSE:PSI – Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.11 earnings per share for the quarter. Pason Systems had a return on equity of 24.51% and a net margin of 26.41%. The business had revenue of C$93.30 million for the quarter, compared to the consensus estimate of C$86.65 million. On average, research analysts expect that Pason Systems will post 1.2858226 earnings per share for the current fiscal year.
Pason Systems Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 29th were paid a $0.13 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Pason Systems’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 3.20%. Pason Systems’s dividend payout ratio is 42.98%.
Insider Transactions at Pason Systems
In other news, Senior Officer Russell Smith sold 7,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$15.30, for a total value of C$107,100.00. Company insiders own 0.31% of the company’s stock.
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.
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