Pason Systems (TSE:PSI) Given New C$19.50 Price Target at National Bankshares

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

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets decreased their target price on shares of Pason Systems from C$21.00 to C$18.00 in a research note on Friday, October 4th. TD Securities reduced their price objective on 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 Stock Performance

PSI stock opened at C$13.34 on Thursday. The firm has a 50 day simple moving average of C$14.14 and a 200 day simple moving average of C$15.17. Pason Systems has a 52 week low of C$12.33 and a 52 week high of C$18.59. The stock has a market cap of C$1.06 billion, a P/E ratio of 9.20, a P/E/G ratio of 10.78 and a beta of 1.58. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.54 and a current ratio of 2.62.

Pason Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.52 annualized dividend and a dividend yield of 3.90%. Pason Systems’s dividend payout ratio (DPR) is 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.