Last C$30.94 CAD
Change Today -0.37 / -1.18%
Volume 330.9K
PSI On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Berlin
As of 4:36 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

pason systems inc (PSI) Snapshot

Open
C$31.24
Previous Close
C$31.31
Day High
C$31.56
Day Low
C$30.54
52 Week High
08/28/14 - C$35.51
52 Week Low
10/24/13 - C$21.22
Market Cap
2.6B
Average Volume 10 Days
232.7K
EPS TTM
C$0.87
Shares Outstanding
82.7M
EX-Date
09/12/14
P/E TM
35.6x
Dividend
C$0.68
Dividend Yield
1.97%
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

Franz Fink Resigns from the Board of Director of Pason Systems Inc

Pason Systems Inc. announced that Franz Fink, a director of Pason since 2012, has resigned from the board of directors. Mr. Fink recently accepted the position of President and CEO of Maxwell Technologies.

Pason Systems Inc. Declares Quarterly Dividend, Payable on October 1, 2014

Pason Systems Inc. announced that the Board of Directors (with Mr. Jim Hill, the significant shareholder through J.D Hill Investments Ltd., abstaining from voting) declared a quarterly dividend of seventeen cents CAD 0.17) per share on the company's common shares. The dividend will be paid on October 1, 2014 to shareholders of record at the close of business on September 16, 2014.

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

Pason Systems Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of CAD 103,851,000 against CAD 82,387,000 a year ago. Operating profit was CAD 48,171,000 against CAD 30,141,000 a year ago. Income before income taxes was CAD 22,959,000 against loss before income taxes of CAD 49,094,000 a year ago. Net income was CAD 17,606,000 or CAD 0.21 per basic and diluted share against net loss of CAD 39,376,000 or CAD 0.48 per basic and diluted share a year ago. Net cash flow from operating activities was CAD 55,980,000 or CAD 0.62 per diluted share against CAD 51,236,000 or CAD 0.58 per diluted share a year ago. Capital expenditures were CAD 18,315,000 against CAD 14,177,000 a year ago. EBITDA was CAD 45,999,000 against LBITDA of CAD 27,817,000 a year ago. EBITDA was an increase of CAD 73.8 million from the second quarter of 2013, due to strong operational performance, combined with the fact that in the second quarter of 2013 the company recorded an additional litigation provision as a result of the AutoDriller lawsuit settlement. 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. Funds flow from operations was CAD 44,255,000 or CAD 0.53 per diluted share against funds flow used in operations of CAD 22,172,000 or CAD 0.27 per diluted share a year ago. For the six months, the company reported revenue of CAD 227,025,000 against CAD 191,654,000 a year ago. Operating profit was CAD 115,042,000 against CAD 86,233,000 a year ago. Income before income taxes was CAD 60,018,000 against loss before income taxes of CAD 7,988,000 a year ago. Net income was CAD 38,427,000 or CAD 0.47 per basic and diluted share against net loss of CAD 9,768,000 or CAD 0.12 per basic and diluted share a year ago. Net cash flow from operating activities was CAD 120,365,000 or CAD 1.19 per diluted share against CAD 97,430,000 or CAD 1.13 per diluted share a year ago. Capital expenditures were CAD 34,824,000 against CAD 28,121,000 a year ago. EBITDA was CAD 116,468,000 against CAD 31,973,000 a year ago. Funds flow from operations was CAD 100,566,000 or CAD 1.20 per diluted share against CAD 27,918,000 or CAD 0.34 per diluted share a year ago. The company announced capital expenditure forecast for the next 12 months is up to CAD 125 million, CAD 92 million of which is directed towards new hardware that can generate incremental revenue or save operating costs. Cash-generating capacity and cash position are more than sufficient to cover new business development, planned equipment upgrades and the dividend.

 

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Industry Analysis

PSI

Industry Average

Valuation PSI Industry Range
Price/Earnings 34.7x
Price/Sales 5.6x
Price/Book 6.2x
Price/Cash Flow 18.1x
TEV/Sales 5.3x
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