Pason Systems Inc.

Equities

PSI

CA7029251088

Oil Related Services and Equipment

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
15.98 ^CAD	-1.66%		-1.24%	-1.18%

Mar. 18	RBC Capital Markets Names Favorite Stocks In Oil And Gas Sector	MT
Mar. 14	Tranche Update on Pason Systems Inc.'s Equity Buyback Plan announced on December 18, 2023.	CI

Pason Systems Inc. Reports Earnings Results for the Full Year Ended December 31, 2023

February 28, 2024 at 05:54 pm EST

Pason Systems Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was CAD 369.31 million compared to CAD 335 million a year ago. Net income was CAD 97.54 million compared to CAD 107.62 million a year ago.

Basic earnings per share from continuing operations was CAD 1.21 compared to CAD 1.31 a year ago. Diluted earnings per share from continuing operations was CAD 1.21 compared to CAD 1.3 a year ago.

Latest news about Pason Systems Inc.

RBC Capital Markets Names Favorite Stocks In Oil And Gas Sector	Mar. 18	MT
Tranche Update on Pason Systems Inc.'s Equity Buyback Plan announced on December 18, 2023.	Mar. 14	CI
Transcript : Pason Systems Inc., Q4 2023 Earnings Call, Feb 29, 2024	Feb. 29
North American Morning Briefing : Fed's Preferred -2-	Feb. 29	DJ
Pason Systems Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 28	CI
Pason Declares Increased Quarterly Dividend on the Company's Common Shares, Payable on March 29, 2024	Feb. 28	CI
Pason Systems Brief: Declared an increased quarterly dividend of C$0.13 per share on the company's common shares	Feb. 28	MT
Pason Systems Brief: Q4 Per Share Basic and Diluted $0.11	Feb. 28	MT
Pason Systems Brief: Declaring Increased Quarterly Dividend	Feb. 28	MT
North American Morning Briefing : Stock Futures Fall Ahead of Key Inflation Data	Feb. 28	DJ
Pason Systems Brief: For Total consideration of $88.2 Million; Pason Assumed net debt of Near $7.0 Million; Transaction Funded by Pason with Cash On Hand	Jan. 02	MT
Pason Systems Brief: Effective January 1, 2024, has closed prior announced exercise of a call option for purchase of all remaining issued and outstanding common shares of Intelligent Wellhead Systems Inc. not prior held	Jan. 02	MT
Pason Systems Inc. acquired remaining stake in Intelligent Wellhead Systems, Inc. for CAD 88.2 million.	Jan. 01	CI
Pason Systems Inc.'s Equity Buyback announced on December 15, 2022, has expired.	Dec. 18	CI
Pason Systems Reports Renewal of Normal Course Issuer Bid	Dec. 18	MT
Pason Systems Inc. announces an Equity Buyback for 7,949,888 shares, representing 9.98% of its issued share capital.	Dec. 18	CI
Pason Systems Brief: Announcing Renewal of Normal Course Issuer Bid	Dec. 18	MT
Pason Systems Inc. authorizes a Buyback Plan.	Dec. 17	CI
RBC Capital Markets Adds Pason Systems To Energy Best Ideas List	Dec. 07	MT
Pason Systems Maintained at Hold at Stifel FirstEnergy Following C$95-Million Acquisition; Price Target Raised to C$16.00	Dec. 06	MT
National Bank of Canada Notes Pason Systems' Deal To Acquire Remaining Stake In Intelligent Wellhead Systems	Dec. 06	MT
Pason Systems Brief: As at September 30, 2023, Pason held $178.4 million in Total Cash	Dec. 05	MT
Pason Systems Brief: Transaction expected to close on January 1, 2024, subject to customary closing conditions, and will be financed with cash on hand	Dec. 05	MT
Pason Systems Brief: For total consideration of $88.3 million; Will also assume net debt of approximately $7.0 million at closing	Dec. 05	MT
Pason Systems Brief: Announcing Intent to Purchase Outstanding Shares of Intelligent Wellhead Systems, Inc.	Dec. 05	MT

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Company Profile

Pason Systems Inc. is a Canada-based provider of specialized data management systems for drilling rigs. The Company develops and delivers hardware, software, and services, primarily for the oil and gas drilling industry in 12 countries. The Companyâs solutions include data acquisition, wellsite reporting, remote communications, Web-based information management, and analytics, enabling collaboration between the rig and the office. Its products include AutoDriller, Communications, DAS, DataHub with Pason Live, DataLink, Electronic Choke Actuator (eChoke), Electronic Drilling Recorder (EDR), Gas Analyzer, Hazardous Gas Alarm System (HGAS), Pit Volume Totalizer (PVT) and Toolface Control. Through its subsidiary, Energy Toolbase Software Inc (ETB), the Company provides products and services for the solar power and energy storage industry. ETBâs solutions enable project developers to model, control and monitor the economics and performance of solar energy and storage projects.

Sector

Oil Related Services and Equipment

Calendar

2024-05-01 - Q1 2024 Earnings Release

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Ratings for Pason Systems Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

15.98 CAD

Average target price

19 CAD

Spread / Average Target

+18.90%

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