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TSE:PSI

Pason Systems - PSI Stock Forecast, Price & News

C$14.22
-0.07 (-0.49%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
C$14.00
C$14.35
50-Day Range
C$13.28
C$16.75
52-Week Range
C$7.61
C$17.12
Volume
158,235 shs
Average Volume
249,927 shs
Market Capitalization
C$1.17 billion
P/E Ratio
24.10
Dividend Yield
2.24%
Price Target
C$19.58
PSI stock logo

About Pason Systems (TSE:PSI) Stock

Pason Systems Inc., an energy services and technology company, provides data management systems for drilling rigs in Canada, the United States, and internationally. The company offers Electronic Drilling Recorder, which monitors and records drilling operations around the rig; DataHub for storing data and information collected from the rig for on-demand retrieval; DataLink service provides direct connection interfaces for IT systems and analytics tools; Pason Live for monitoring rig operations in real-time using desktop computers or mobile devices; and daily and end-of-well KPI reports provide visual statistics on rig performance. It also provides Drilling intelligence to suggest drilling parameters, detect disfunction, and send event alerts to onsite personnel and remote engineers in real time; and Drilling automation, a reality across rig platforms. In addition, the company offers Pason Gas Analyzer for real-time gas measurement; a robust system of alarms and sensors to monitor ambient gasses in the atmosphere and in the drilling fluids; and Pason Pit Volume Totalizer to track the volumes, gains, and losses of drilling fluids on location. Further, it provides field support, monitoring, drilling optimization, and office support for data integration. The company serves E&P operators, drilling contractors, and other oilfield service companies. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PSI. BMO Capital Markets reaffirmed a "buy" rating and set a C$23.00 price objective (up from C$22.00) on shares of Pason Systems in a research note on Friday, April 29th. National Bankshares lifted their price target on Pason Systems from C$15.25 to C$19.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 26th. Stifel Nicolaus increased their price objective on Pason Systems from C$20.00 to C$21.00 in a research note on Tuesday, May 3rd. Barclays lifted their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 11th. Finally, Royal Bank of Canada raised their price target on shares of Pason Systems from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a report on Monday, May 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$19.58.

Pason Systems Stock Up 0.1 %

Shares of TSE:PSI traded up C$0.02 during mid-day trading on Friday, hitting C$14.31. 12,150 shares of the stock traded hands, compared to its average volume of 248,912. The stock has a fifty day moving average price of C$14.57 and a 200-day moving average price of C$14.64. The company has a debt-to-equity ratio of 2.16, a quick ratio of 4.18 and a current ratio of 4.26. The company has a market cap of C$1.17 billion and a price-to-earnings ratio of 24.22. Pason Systems has a 52 week low of C$7.61 and a 52 week high of C$17.12.

Pason Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, September 14th. Pason Systems's dividend payout ratio (DPR) is presently 44.07%.

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PSI Stock News Headlines

Pason Systems Inc stock advanced on Friday.
Factors that could move the Pason Systems share price
What's Going On With Pason Systems Shares Today
Pason Reports First Quarter 2021 Results
TSX:SCL.A (SHAWCOR LTD)
TSX:PSI (Pason Systems)
See More Headlines
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PSI Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Today
8/12/2022
Ex-Dividend for 9/29 Dividend
9/14/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
11/02/2022

Industry, Sector and Symbol

Industry
Oil & Gas Equipment & Services
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
650
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$19.58
High Stock Price Forecast
C$23.00
Low Stock Price Forecast
C$14.50
Forecasted Upside/Downside
+37.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$238.60 million
Cash Flow
C$2.10 per share
Book Value
C$3.91 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.17 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Jon Faber C.F.A. (Age 43)
    CPA, CBV, CFA, Pres, CEO & Non-Independent Director
    Comp: $1.07M
  • Ms. Celine Boston
    Chief Financial Officer
  • Mr. Bryce McLean
    VP of Operations
  • Mr. Lars Olesen
    VP of Product & Technology
  • Ms. Natalie Fenez
    VP of Legal & Corp. Sec.
  • Ms. Heather Hantos
    VP of HR
  • Mr. Timur Kuru (Age 47)
    Pres & GM of United States
  • Mr. Reid Cameron Wuntke
    Pres of Energy Toolbase Software, Inc.
  • Mr. Ben Thomas
    Director of Support Services - United States Bus. Unit













PSI Stock - Frequently Asked Questions

Should I buy or sell Pason Systems stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pason Systems in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PSI shares.
View PSI analyst ratings
or view top-rated stocks.

What is Pason Systems' stock price forecast for 2022?

7 brokers have issued 12 month target prices for Pason Systems' stock. Their PSI share price forecasts range from C$14.50 to C$23.00. On average, they predict the company's share price to reach C$19.58 in the next year. This suggests a possible upside of 37.7% from the stock's current price.
View analysts price targets for PSI
or view top-rated stocks among Wall Street analysts.

How have PSI shares performed in 2022?

Pason Systems' stock was trading at C$11.54 at the start of the year. Since then, PSI shares have increased by 23.2% and is now trading at C$14.22.
View the best growth stocks for 2022 here
.

When is Pason Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our PSI earnings forecast
.

How often does Pason Systems pay dividends? What is the dividend yield for Pason Systems?

Pason Systems announced a quarterly dividend on Wednesday, August 10th. Shareholders of record on Thursday, September 15th will be given a dividend of 0.08 per share on Thursday, September 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Wednesday, September 14th.
Read our dividend analysis for PSI
.

Is Pason Systems a good dividend stock?

Pason Systems (TSE:PSI) pays an annual dividend of C$0.26 per share and currently has a dividend yield of 2.24%. The dividend payout ratio is 44.07%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PSI.

What other stocks do shareholders of Pason Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Brookfield Property Partners (BPY.UN), Air Canada (AC), Cenovus Energy (CVE) and Canadian Western Bank (CWB).

What is Pason Systems' stock symbol?

Pason Systems trades on the Toronto Stock Exchange (TSX) under the ticker symbol "PSI."

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 is Pason Systems' stock price today?

One share of PSI stock can currently be purchased for approximately C$14.22.

How much money does Pason Systems make?

Pason Systems (TSE:PSI) has a market capitalization of C$1.17 billion and generates C$238.60 million in revenue each year.

How many employees does Pason Systems have?

The company employs 650 workers across the globe.

How can I contact Pason Systems?

Pason Systems' mailing address is 6130 3 St SE, CALGARY, AB T2H 1K4, Canada. The official website for the company is www.pason.com. The company can be reached via phone at +1-403-3013400.

This page (TSE:PSI) was last updated on 8/12/2022 by MarketBeat.com Staff

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