Pason Systems Inc. (TSE:PSI – Get Rating) declared a quarterly dividend on Tuesday, June 14, TickerTech reports. Shareholders of record on Thursday June 30 will receive a dividend of 0.08 per share on Thursday June 30. This represents a dividend of $0.32 on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Tuesday, June 14.
Shares of TSE:PSI traded lower C$0.62 during Friday’s trading, hitting C$15.33. The company had a trading volume of 191,439 shares, compared to an average volume of 209,533. The company has a market capitalization of C$1.26 billion and a price-earnings ratio of 26.30. The company has a debt ratio of 2.16, a current ratio of 4.26 and a quick ratio of 4.18. The stock’s 50-day moving average price is C$16.10 and its 200-day moving average price is C$13.70. Pason Systems has a fifty-two week minimum of C$7.50 and a fifty-two week maximum of C$17.12.
Pason Systems (TSE:PSI – Get Rating) last released its results on Thursday, April 28. The company reported earnings per share (EPS) of C$0.23 for the quarter, beating consensus analyst estimates of C$0.18 by C$0.05. The company posted revenue of C$74.47 million in the quarter, compared to analyst estimates of C$70.01 million. On average, stock analysts expect Pason Systems to post EPS of 1.0499999 for the current fiscal year.
PSI has been the subject of a number of recent research reports. Barclays raised its target price on Pason Systems from CA$16.00 to CA$17.00 and gave the company an “equal weight” rating in a Wednesday, May 11 report. National Bankshares raised its price target on Pason Systems from C$15.25 to C$19.00 and gave the stock an “sector performance” rating in a Tuesday, April 26 report. Stifel Nicolaus raised his price target on Pason Systems from C$20.00 to C$21.00 in a Tuesday, May 3 report. Royal Bank of Canada raised its price target on Pason Systems from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a report released Monday, May 2. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a price target of C$23.00 (from C$22.00 previously) on Pason Systems shares in a Friday, April 29 report. Three investment analysts gave the stock a hold rating and four gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$19.58.
About Pason Systems (Get a rating)
Pason Systems Inc, an energy services and technology company, provides data management systems for drilling rigs in Canada, the United States and overseas. The company offers an electronic drill logger, which monitors and records drilling operations around the rig; DataHub to store data and information collected from the platform for on-demand retrieval; The DataLink service provides direct connection interfaces for computer systems and analysis tools; Pason Live to monitor drilling operations in real time using desktop or mobile devices; and daily and end-of-well KPI reports provide visual statistics on rig performance.
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