National Bankshares Lowers Pason Systems (TSE:PSI) Price Target to C$19.50

Pason Systems (TSE:PSI) had its target price trimmed by National Bankshares from C$20.00 to C$19.50 in a report released on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other research analysts also recently issued reports on PSI. BMO Capital Markets cut their price objective on Pason Systems from C$21.00 to C$18.00 in a research note on Friday, October 4th. TD Securities dropped their price target on shares of Pason Systems from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th.

Pason Systems Price Performance

TSE PSI opened at C$13.10 on Thursday. The business’s fifty day moving average is C$14.15 and its 200 day moving average is C$15.20. Pason Systems has a fifty-two week low of C$12.33 and a fifty-two week high of C$18.59. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.54 and a current ratio of 2.62. The company has a market capitalization of C$1.04 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58.

Pason Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Tuesday, December 17th. Pason Systems’s dividend payout ratio (DPR) is presently 35.86%.

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.