Pason Systems (PSI) Stock Price, News & Analysis

Company Overview

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. It offers AutoDriller to maximize the rate of penetration and bit life; internet solutions, such as auto-aiming satellite dishes, data modems, and bandwidth management software; DAS, a rotary drilling automation and optimization software; Electronic Choke Actuator that controls the choke valve; Gas Analyzer that provides real-time compositional gas analysis; Hazardous Gas Alarm System that detects the presence of hazardous gases; Pit Volume Totalizer, which monitors mud volumes and flow rates during drilling, tripping, and casing operations; and Toolface Control, a directional automation software. In addition, the company provides phone, chat, field, and drilling optimization support, as well as proactive monitoring and office support for data integration. It serves drilling contractors and other oilfield service companies. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada.

Key Stats

• Today's Range: C$13.16 to C$13.39
• 50-Day Range: C$13.03 to C$18.37
• 52-Week Range: C$12.33 to C$18.59
• Volume: 315,383 shs
• Average Volume: 138,405 shs
• Market Capitalization: C$1.06 billion
• P/E Ratio: 9.19
• Dividend Yield: 3.90%
• Price Target: C$18.33
• Consensus Rating: Moderate Buy

Pason Systems Stock Analysis - MarketRank™

Pason Systems scored higher than 72% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Pason Systems has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Pason Systems has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Pason Systems is 9.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of Pason Systems is 9.19, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 100.22.

Price to Earnings Growth Ratio

Pason Systems has a PEG Ratio of 10.78. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Pason Systems has a P/B Ratio of 2.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PSI.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Pason Systems is a leading dividend payer. It pays a dividend yield of 3.98%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Pason Systems does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Pason Systems is 35.86%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PSI.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.52

News Sentiment

Pason Systems has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.39 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Pason Systems this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for PSI on MarketBeat in the last 30 days. This is a decrease of -86% compared to the previous 30 days.

MarketBeat Follows

1 people have added Pason Systems to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Pason Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$793,734.00 in company stock.

Percentage Held by Insiders

Only 0.31% of the stock of Pason Systems is held by insiders.

Percentage Held by Institutions

45.51% of the stock of Pason Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PSI Stock Analysis - Frequently Asked Questions

How have PSI shares performed this year?

Pason Systems' stock was trading at C$16.17 on January 1st, 2024. Since then, PSI stock has decreased by 17.6% and is now trading at C$13.33.
View the best growth stocks for 2024 here.

How were Pason Systems' earnings last quarter?

Pason Systems Inc. (TSE:PSI) announced its earnings results on Wednesday, August, 7th. The company reported $0.14 EPS for the quarter. The firm earned $95.86 million during the quarter, compared to analysts' expectations of $90.20 million. Pason Systems had a net margin of 30.14% and a trailing twelve-month return on equity of 26.63%.

How do I buy shares of Pason Systems?

Shares of PSI stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Pason Systems own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Pason Systems investors own include Jean Coutu Group (PJC.A), Lightspeed Commerce (LSPD), Onex (ONEX), Bank of Nova Scotia (BNS), National (NHLD), Bank of America (BAC) and Brookfield Property Partners (BPY.UN).

Company Calendar

• Ex-Dividend for 6/28 Dividend: 6/14/2024
• Dividend Payable: 6/28/2024
• Last Earnings: 8/07/2024
• Ex-Dividend for 9/27 Dividend: 9/13/2024
• Today: 9/17/2024
• Dividend Payable: 9/27/2024
• Next Earnings (Estimated): 11/07/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas Equipment & Services
• Sub-Industry: N/A
• Current Symbol: TSE:PSI
• CUSIP: N/A
• CIK: N/A
• Web: www.pason.com
• Phone: +1-403-3013400
• Fax: N/A
• Employees: 650
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$18.33
• High Stock Price Target: C$21.00
• Low Stock Price Target: C$13.00
• Potential Upside/Downside: +37.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.45
• Trailing P/E Ratio: 9.19
• Forward P/E Ratio: 10.84
• P/E Growth: 10.78
• Net Income: C$116.65 million
• Net Margins: 30.14%
• Pretax Margin: N/A
• Return on Equity: 26.63%
• Return on Assets: 11.98%

Debt

• Debt-to-Equity Ratio: 3.41
• Current Ratio: 2.62
• Quick Ratio: 3.54

Sales & Book Value

• Annual Sales: C$387 million
• Price / Sales: 2.74
• Cash Flow: C$2.13 per share
• Price / Cash Flow: 6.26
• Book Value: C$5.95 per share
• Price / Book: 2.24

Miscellaneous

• Outstanding Shares: 79,620,000
• Free Float: N/A
• Market Cap: C$1.06 billion
• Optionable: Not Optionable
• Beta: 1.60