Last C$22.67 CAD
Change Today +0.96 / 4.42%
Volume 619.3K
As of 4:51 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

pason systems inc (PSI) Snapshot

Open
C$21.70
Previous Close
C$21.71
Day High
C$22.88
Day Low
C$21.70
52 Week High
08/28/14 - C$35.51
52 Week Low
12/16/14 - C$20.82
Market Cap
1.9B
Average Volume 10 Days
559.5K
EPS TTM
C$1.07
Shares Outstanding
82.9M
EX-Date
12/12/14
P/E TM
21.2x
Dividend
C$0.68
Dividend Yield
2.82%
Current Stock Chart for PASON SYSTEMS INC (PSI)

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pason systems inc (PSI) Details

Pason Systems Inc. rents and sells instrumentation systems to land and offshore drilling operations in the oil and gas industry. Its solutions include data acquisition, wellsite reporting, remote communications, and Web-based information management. The company also offers DataHub, a Web application that collects, stores, and displays drilling data, reports, and real-time information for remote access. In addition, It provides Electronic Drilling Recorder, which provides a system of drilling data acquisition, data networking, and drilling management tools; Pit Volume Totalizer, a volume monitoring system to measure, calculate, and display readings from the mud system on the rig; Electronic AutoDriller, an automatic drilling system; and Gas Analyzer and Total Gas System to detect changes in relative volumes of hydrocarbon gases at the surface. Further, the company offers Torque and Tension Sub, a sensor providing measurements of torque and hook load; Electronic Choke Actuator, a device that provides a means of remotely controlling the choke valve from the doghouse; Hazardous Gas Alarm System, which detects the presence of combustible gases, and provides visible and audible alerts; Electronic Service Recorder that provides digital information to personnel on the wellsite and at the office; SideKick, a rig floor computer that allows for data entry and displays information around the rigl; and Rig Display, a touch screen computer to access services and applications on and around the rig floor. Additionally, it provides software products, such as enhanced pit volume totalizer, directional system, wellview field solution, and reporter to enhance performance, analyze data, or integrate data with other programs; geological services, including remote logging, monitoring, and geo-steering; integrated technical support services to install and maintain its products; and rig personnel training services. The company was founded in 1978 and is headquartered in Calgary, Canada.

Founded in 1978

pason systems inc (PSI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$450.0K
Vice President of Corporate Operations
Total Annual Compensation: C$350.2K
Vice President of Operations - Canada
Total Annual Compensation: C$250.0K
Vice President of Finance
Total Annual Compensation: C$220.0K
Compensation as of Fiscal Year 2013.

pason systems inc (PSI) Key Developments

Pason Systems Inc. Announces Quarterly Dividend, Payable on December 29, 2014

Pason Systems Inc. announced that the board of directors declared a quarterly dividend of 17 cents (CAD 0.17) per share on the company's common shares. The dividend will be paid on December 29, 2014 to the shareholders of record at the close of business on December 16, 2014.

Pason Systems Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Expenditure Guidance for the Next 12 Months

Pason Systems Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of CAD 26,466,000 or CAD 0.32 per diluted share on revenue of CAD 134,041,000 against net income of CAD 9,135,000 or CAD 0.11 per diluted share on revenue of CAD 104,016,000 for the same period a year ago. Operating profit was CAD 74,299,000 against CAD 48,867,000 for the same period a year ago. Income before income taxes was CAD 44,412,000 against CAD 18,066,000 for the same period a year ago. Net cash from operating activities was CAD 50,758,000 against CAD 39,837,000 for the same period a year ago. Additions to property, plant and equipment was CAD 37,352,000 against CAD 18,101,000 for the same period a year ago. Capital expenditures were CAD 39,648,000 against CAD 22,402,000 for the same period a year ago. EBITDA was CAD 76,090,000 against CAD 50,131,000 for the same period a year ago. Funds flow from operations was CAD 63,691,000 or CAD 0.77 per diluted share against CAD 60,192,000 or CAD 0.73 per diluted share a year ago. Consolidated EBITDA increased due to strong operational performance, it continued ability to leverage its fixed cost structure and the strengthening of the US dollar relative to the Canadian dollar. Earnings were positively impacted by market share growth in the US, increased rig activity, and the appreciation of the US dollar relative to the Canadian dollar. For the nine months, the company reported net income of CAD 64,893,000 or CAD 0.31 per diluted share on revenue of CAD 361,066,000 against net loss of CAD 633,000 or CAD 0.01 per basic and diluted share on revenue of CAD 295,670,000 for the same period a year ago. Operating profit was CAD 189,341,000 against CAD 135,100,000 for the same period a year ago. Income before income taxes was CAD 104,430,000 against CAD 10,078,000 for the same period a year ago. Net cash from operating activities was CAD 171,123,000 against CAD 137,267,000 for the same period a year ago. Additions to property, plant and equipment were CAD 69,014,000 against CAD 38,906,000 for the same period a year ago. EBITDA was CAD 192,558,000 against CAD 82,104,000 for the same period a year ago. Capital expenditures were CAD 74,288,000 against CAD 50,384,000 for the same period a year ago. Funds flow from operations was CAD 164,257,000 or CAD 1.96 per diluted share against CAD 88,527,000 or CAD 1.08 per diluted share a year ago. The company expected capital expenditure budget for the next 12 months will be up to CAD 124 million, CAD 94 million of which is directed towards new hardware that can generate incremental revenue or save operating costs.

Pason Systems Inc. to Report Q3, 2014 Results on Nov 12, 2014

Pason Systems Inc. announced that they will report Q3, 2014 results After-Market on Nov 12, 2014

 

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Industry Analysis

PSI

Industry Average

Valuation PSI Industry Range
Price/Earnings 20.7x
Price/Sales 3.9x
Price/Book 4.2x
Price/Cash Flow 11.8x
TEV/Sales 3.6x
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