Pason Systems (TSE:PSI) Price Target Cut to C$15.00 by Analysts at TD

Pason Systems (TSE:PSIGet Free Report) had its target price decreased by equities researchers at TD from C$18.00 to C$15.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s target price points to a potential upside of 16.28% from the stock’s current price.

Separately, TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$14.38.

Read Our Latest Research Report on PSI

Pason Systems Stock Performance

Shares of TSE PSI traded up C$0.05 during mid-day trading on Monday, hitting C$12.90. 128,284 shares of the company were exchanged, compared to its average volume of 224,491. The stock has a 50 day simple moving average of C$13.61 and a 200-day simple moving average of C$12.99. Pason Systems has a 1-year low of C$11.09 and a 1-year high of C$15.47. The company has a quick ratio of 3.54, a current ratio of 2.11 and a debt-to-equity ratio of 5.79. The firm has a market cap of C$1.00 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 10.78 and a beta of 0.46.

Pason Systems (TSE:PSIGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. The company had revenue of C$102.44 million for the quarter. Pason Systems had a net margin of 11.31% and a return on equity of 9.49%. On average, sell-side analysts forecast that Pason Systems will post 1.229765 EPS for the current fiscal year.

Insider Activity at Pason Systems

In other news, insider Kevin Boston sold 2,000 shares of Pason Systems stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of C$14.74, for a total transaction of C$29,480.00. Following the completion of the sale, the insider directly owned 7,300 shares in the company, valued at approximately C$107,602. This trade represents a 21.51% decrease in their position. Also, insider Bryce Mclean sold 8,410 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$14.50, for a total value of C$121,945.00. Following the sale, the insider directly owned 8,853 shares in the company, valued at C$128,368.50. This trade represents a 48.72% decrease in their position. Insiders sold a total of 57,210 shares of company stock valued at $831,411 in the last ninety days. Company insiders own 0.13% of the company’s stock.

About Pason Systems

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Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.

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