National Bankshares Issues Pessimistic Forecast for Pason Systems (TSE:PSI) Stock Price

Pason Systems (TSE:PSI - Free Report) had its price target cut by National Bankshares from C$20.00 to C$19.50 in a report published on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

PSI has been the topic of several other research reports. TD Securities cut their price objective on Pason Systems from C$20.00 to C$18.00 and set a "buy" rating on the stock in a report on Tuesday, October 8th. BMO Capital Markets reduced their target price on shares of Pason Systems from C$21.00 to C$18.00 in a report on Friday, October 4th.

Pason Systems Price Performance

TSE PSI traded down C$0.29 during trading on Thursday, hitting C$13.10. 328,015 shares of the company's stock were exchanged, compared to its average volume of 146,437. The company has a market cap of C$1.04 billion, a PE ratio of 9.03, a P/E/G ratio of 10.78 and a beta of 1.58. The company has a current ratio of 2.62, a quick ratio of 3.54 and a debt-to-equity ratio of 3.41. Pason Systems has a fifty-two week low of C$12.33 and a fifty-two week high of C$18.59. The stock's 50 day moving average price is C$14.18 and its two-hundred day moving average price is C$15.21.

Pason Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend 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%.

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.