TSE:PSI

14.20
0.44 (3.01%) 1d
0
Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Pason Systems Inc. (PSI-T) is a small-cap company supplying information to oil and gas drillers, with a strong market share in Canada and some in the U.S. They have weathered the impact of early Covid when drilling ceased and have rebounded with record revenue and pricing power. They hold $200 million cash in the balance sheet, which helped them survive, and are expecting oilfield services demand to rise, with a record number of oil wells being drilled. Their IoT tech for the energy industry is seen as very good, and they have endured with drilling levels returning to 2015 levels.

Consensus
Positive
Valuation
Undervalued
PAST TOP PICK
Pason Systems Inc.
(A Top Pick Feb 28/23, Down 18%)

Expecting oilfield services demand to rise.
Record revenue and pricing power.
IoT tech for energy industry - very good product.
Record # of oil wells being drilling (since 2014).
Will continue to hold. 

oil / gas field services
TOP PICK
Pason Systems Inc.

A small-cap that supplies information to oil/gas-drillers. Shares tanked when drilling ceased during early Covid, but have rebounded. They hold $200 million cash in the balance sheet, which is how they survived. Drilling levels have returned to 2015 levels. They have endured. Earning are way up and commands strong market share in Canada with some in the U.S.

(Analysts’ price target is $20.25)
oil / gas field services
HOLD
Pason Systems Inc.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong year expected for PSI. Industry wide higher drilling activity expected. Strong improving margins and free cash flow. Dividend raised by 50%. Unlock Premium - Try 5i Free

oil / gas field services
BUY
Pason Systems Inc.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong year expected for PSI. Industry wide higher drilling activity expected. Strong improving margins and free cash flow. Dividend raised by 50%.
oil / gas field services
BUY
Pason Systems Inc.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Remains global leader in drilling data. Fortunes aligned with oil market recovery. Strong balance sheet and positive FCF in 2022.
oil / gas field services
BUY
Pason Systems Inc.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong year expected for PSI. Industry wide higher drilling activity expected. Strong improving margins and free cash flow. Dividend raised by 50%.
oil / gas field services
BUY
Pason Systems Inc.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Remains global leader in drilling data. Fortunes aligned with oil market recovery. Strong balance sheet and positive FCF.
oil / gas field services
WAIT
Pason Systems Inc.
Monitoring traps on oil and gas wells in Canada. It is a good company and could be an acquisition candidate. It is a cheap stock. It could benefit from the 'January-Effect'.
oil / gas field services
TOP PICK
Pason Systems Inc.

A oil and gas service company with a $1.7 billion market cap. Payout ratio of 57%. With oil prices rising they could see cash flow grow by 16% in 2020. He will personally be looking to buy it on Monday. Yield 3.52% (Analysts’ price target is $24.90)

oil / gas field services
TOP PICK
Pason Systems Inc.

*Short* (Pairs trade with a Long on Trican Well Services (TCW-T)). This one is not a bad business, but the stock is much more expensive and is trading at twice the cash flow multiple that Trican does. There has been quite a bit of insider selling recently. All of a sudden, there is some very strong competitive pressure. Dividend yield of 3.5%. (Analysts’ price target is $21.50.)

oil / gas field services
PAST TOP PICK
Pason Systems Inc.

(Top Pick Mar 18/16, Up 19%) An energy services company. They maintained the dividend and are seeing some move up in drills being used.

oil / gas field services
BUY ON WEAKNESS
Pason Systems Inc.

You generally see energy stocks leading a little in anticipation of higher oil prices. Then you see higher oil prices followed by energy services companies. Likes energy services companies, but not sure he would buy at this price. If it pulled back $1-$2, he would be pretty excited. His preferences would be Secure Energy (SES-T) and Canadian Energy Services (CEU-T).

oil / gas field services
TOP PICK
Pason Systems Inc.

A low risk way of playing oil. They do electronic drill recording, and have 68%-95% market share in the various things they do. Although management says they won’t see a come back in terms of rigs until 2017, this is a safe way to play it. Raised the dividend last year. Have no debt. Dividend yield of 3.92%.

oil / gas field services
BUY
Pason Systems Inc.

Oil service company specializing in taking information off the drilling operations. They are extraordinarily good and price their services to be compelling. They make remarkable margins. They are expanding internationally. Very cleaver team. Excellent balance sheet and lots of cash. Very conservative in how they pay out the distribution. Excellent third quarter.

oil / gas field services
HOLD
Pason Systems Inc.

Hasn’t owned this for some time and is not his choice in the space. If you want an overall approach to technology and innovations in the oil and natural gas space this is a great one to hold. Has come down in terms of valuations and P/E ratios.

oil / gas field services
Showing 1 to 15 of 107 entries

Pason Systems Inc.(PSI-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Pason Systems Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Pason Systems Inc.(PSI-T) Frequently Asked Questions

What is Pason Systems Inc. stock symbol?

Pason Systems Inc. is a Canadian stock, trading under the symbol PSI-T on the Toronto Stock Exchange (PSI-CT). It is usually referred to as TSX:PSI or PSI-T

Is Pason Systems Inc. a buy or a sell?

In the last year, 1 stock analyst published opinions about PSI-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Pason Systems Inc..

Is Pason Systems Inc. a good investment or a top pick?

Pason Systems Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Pason Systems Inc..

Why is Pason Systems Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Pason Systems Inc. worth watching?

1 stock analyst on Stockchase covered Pason Systems Inc. In the last year. It is a trending stock that is worth watching.

What is Pason Systems Inc. stock price?

On 2024-02-20, Pason Systems Inc. (PSI-T) stock closed at a price of $14.2.