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Last C$22.03 CAD
Change Today +0.43 / 1.99%
Volume 91.4K
As of 4:00 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

pason systems inc (PSI) Snapshot

Open
C$21.41
Previous Close
C$21.60
Day High
C$22.30
Day Low
C$21.41
52 Week High
08/28/14 - C$35.51
52 Week Low
01/21/15 - C$16.78
Market Cap
1.8B
Average Volume 10 Days
241.3K
EPS TTM
C$1.52
Shares Outstanding
83.6M
EX-Date
03/12/15
P/E TM
14.5x
Dividend
C$0.68
Dividend Yield
3.00%
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.

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. Appoints Judi Hess to its Board of Directors

Pason Systems Inc. announced the appointment of Judi Hess to its board of directors, effective immediately. Judi Hess is the CEO of Copperleaf Technologies Inc., a position she has held since 2009.

Pason Systems Inc. Declares Quarterly Dividend on Common Shares, Payable on March 30, 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 March 30, 2015 to shareholders of record at the close of business on March 16, 2015.

Pason Systems Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment Loss for the Fourth Quarter Ended December 31, 2014; Provides Capital Expenditure Guidance for 2015

Pason Systems Inc. reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of CAD 138.206 million against CAD 107.418 million a year ago. Net income was CAD 47.211 million or CAD 0.57 per diluted share against CAD 24.288 million or CAD 0.29 per diluted share a year ago. EBITDA was CAD 59.065 million against CAD 54.543 million a year ago. Funds flow from operations was CAD 59.947 million or CAD 0.72 per diluted share against CAD 46.403 million or CAD 0.56 per diluted share a year ago. Net cash from operating activities was CAD 42.460 million against net cash used in operating activities of CAD 75.220 million a year ago. Negative free cash flow was CAD 4.144 million or CAD 0.05 per diluted share against CAD 95.090 million or CAD 1.15 per diluted share a year ago. EBITDA was due to strong operational performance and the strengthening of the USD relative to the Canadian dollar, offset by an impairment loss on excess rental assets of CAD 14.9 million. Earnings were positively impacted by market share growth in the US, increased rig activity, the appreciation of the USD relative to the Canadian dollar, and a recovery of stock-based compensation expense of CAD 20.6 million, offset by the impairment loss on excess rental assets. Operating profit was CAD 68.826 million against CAD 52.302 million a year ago. Income before income taxes was CAD 58.521 million against CAD 31.887 million a year ago. Additions to property, plant and equipment were CAD 44.665 million against CAD 17.265 million a year ago. Capitalized development costs were CAD 1.989 million against CAD 2.862 million a year ago. For the year, the company reported revenue of CAD 499.272 million against CAD 403.088 million a year ago. Net income was CAD 112.104 million or CAD 1.34 per diluted share against CAD 23.655 million or CAD 0.29 per diluted share a year ago. EBITDA was CAD 251.623 million against CAD 136.647 million a year ago. Funds flow from operations was CAD 224.204 million or CAD 2.68 per diluted share against CAD 134.930 million or CAD 1.63 per diluted share a year ago. Net cash from operating activities was CAD 213.583 million against CAD 62.047 million a year ago. Free cash flow was CAD 92.691 million or CAD 1.10 per diluted share against negative free cash flow of CAD 8.035 million or CAD 0.10 per diluted share a year ago. Operating profit was CAD 258.167 million against CAD 187.402 million a year ago. Income before income taxes was CAD 162.951 million against CAD 41.965 million a year ago. Additions to property, plant and equipment were CAD 113.679 million against CAD 56.171 million a year ago. Capitalized development costs were CAD 7.509 million against CAD 14.493 million a year ago. For the fourth quarter ended December 31, 2014, the company reported impairment loss of CAD 14.884 million. Given that there will be significantly fewer active drilling rigs, the company is reducing its 2015 capital expenditure budget to CAD 65.0 million from its original estimate of up to CAD 124 million. Of this budget, CAD 31.0 million is directed toward new hardware that can generate incremental revenue or save operating costs for its customers CAD 24.4 million for maintenance capital, and CAD 9.6 million for capitalized R&D.

 

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PSI Competitors

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Company Last Change
Baker Hughes Inc $69.13 USD +0.11
Halliburton Co $49.20 USD +0.09
National Oilwell Varco Inc $54.74 USD +0.01
Roper Technologies Inc $170.40 USD +0.89
Schlumberger Ltd $92.98 USD -0.02
View Industry Companies
 

Industry Analysis

PSI

Industry Average

Valuation PSI Industry Range
Price/Earnings 15.4x
Price/Sales 3.4x
Price/Book 3.6x
Price/Cash Flow 9.5x
TEV/Sales 3.2x
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