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Last C$19.78 CAD
Change Today +0.54 / 2.81%
Volume 202.8K
PSI On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Berlin
As of 4:18 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

pason systems inc (PSI) Snapshot

Open
C$19.20
Previous Close
C$19.24
Day High
C$20.06
Day Low
C$19.05
52 Week High
08/28/14 - C$35.51
52 Week Low
01/21/15 - C$16.78
Market Cap
1.7B
Average Volume 10 Days
294.4K
EPS TTM
C$1.42
Shares Outstanding
83.6M
EX-Date
06/12/15
P/E TM
13.9x
Dividend
C$0.68
Dividend Yield
3.44%
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 for land and offshore applications in the oil and gas industry worldwide. Its solutions include data acquisition, wellsite reporting, remote communications, and Web-based information management. The company’s products include Pason Store, a Web-based storefront that offers add-on applications; and DataHub, a Web application that collects, stores, and displays drilling data, reports, and real-time information for remote access. It also offers Electronic Drilling Recorder, which provides a system of drilling data acquisition, data networking, and drilling management tools; Pit Volume Totalizer used to monitor mud tank levels and mud flow rate out of the wellbore; Electronic AutoDriller used to control the feed rate of the bit to various pre-set parameters; Gas Analyzer to measure the total hydrocarbon gases exiting the wellbore; Torque and Tension Sub, which provides real-time accurate torque; 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 rig; and Rig Display, a touch screen computer to access services and applications on and around the rig floor. In addition, the company provides software products, such as enhanced pit volume totalizer, directional system, wellview field solution, and reporter to improve performance, analyze data, or integrate data with other programs; software and hardware design engineering, information technology, geological services, and integrated technical support services. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada.

899 Employees
Last Reported Date: 02/26/15
Founded in 1978

pason systems inc (PSI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$500.0K
Chief Financial Officer
Total Annual Compensation: C$250.0K
Chief Operating Officer
Total Annual Compensation: C$333.0K
Vice President of International Operations
Total Annual Compensation: C$255.3K
Vice President of Operations - Canada
Total Annual Compensation: C$255.0K
Compensation as of Fiscal Year 2014.

pason systems inc (PSI) Key Developments

Pason Systems Inc. Elects Zoran Stakic as Independent, Non-Executive Director

Pason Systems Inc. announced the election of Zoran Stakic as a new member to its board of directors, effective May 7, 2015. Zoran Stakic is the Chief Technology Officer of Shaw Communications Inc. He previously held the positions of Chief Information Officer and Privacy Officer, and Vice President of Information Services at Shaw. Prior to joining Shaw, he held a number of senior management positions within the telecommunications industry. He joins Pason's board as an independent, non-executive director.

Pason Systems Inc. Declares Quarterly Dividend on Common Shares, Payable on June 29, 2015

Pason Systems Inc. announced that the Board of Directors declared a quarterly dividend of seventeen cents (CAD 0.17) per share on the company's common shares. The dividend will be paid on June 29, 2015 to shareholders of record at the close of business on June 16, 2015.

Pason Systems Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Revises Capital Programme Guidance for the Year 2015

Pason Systems Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of CAD 99,402,000 against CAD 123,174,000 a year ago. The slowdown in industry activity, combined with a decline in product adoption and pricing pressure from customers, contributed to the decrease in revenue. Income per diluted share was CAD 0.17 against CAD 0.25 a year ago. EBITDA was CAD 44,126,000 against CAD 70,469,000 a year ago, driven by fixed costs in the business. Funds flow from operations was CAD 43,262,000 or CAD 0.52 per diluted share against CAD 56,311,000 or CAD 0.67 per diluted share a year ago. Cash from operating activities was CAD 71,533,000 against CAD 64,385,000 a year ago. Free cash flow was CAD 48,219,000 against CAD 47,962,000 a year ago. Free cash flow per diluted share was CAD 0.58 against CAD 0.57 a year ago. Capital expenditures were CAD 23,513,000 against CAD 16,509,000 a year ago. Net income decreased by 70% to CAD 14.2 million or CAD 0.17 per diluted share against CAD 20.821 million or CAD 0.25 per diluted share a year ago. The slowdown in oil and gas drilling activity, combined with a reduction in product adoption on certain products and pricing pressure from customers contributed to the decrease in revenue, which was partially offset by the strengthening of the US dollar relative to the Canadian dollar. Additions to property, plant and equipment was CAD 21,435,000 against CAD 14,453,000 a year ago. The company announced that in response to these challenges, it has lowered its capital program for 2015 to CAD 65 million (from CAD 121 million in 2014), reduced its staffing levels by 5% and cut back on discretionary spending. The company is closely monitoring current activity and, more importantly, the industry outlook for 2016 to determine if and when further operating cost and capital expenditure reductions may be required.

 

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PSI Competitors

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Company Last Change
Baker Hughes Inc $59.67 USD +1.12
Halliburton Co $43.29 USD +1.37
National Oilwell Varco Inc $43.89 USD +0.96
Roper Technologies Inc $166.77 USD +2.52
Schlumberger Ltd $83.89 USD +1.39
View Industry Companies
 

Industry Analysis

PSI

Industry Average

Valuation PSI Industry Range
Price/Earnings 15.0x
Price/Sales 3.3x
Price/Book 3.0x
Price/Cash Flow 8.7x
TEV/Sales 2.9x
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