Section1: Company Overview

Pason Systems Inc (TSX: PSI) is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company's primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office.

This Report covers the Recommendation Rationale, Key Financial Metrics, Valuation, Target Price, and Recommendation on the stock. 

1.1 Investment Highlights

Section2:  Financial Highlights

 2.1 Key Financial Highlights

Section 3:  Stock Recommendation Summary

3.1 Valuation Methodology

Valuation Methodology (Illustrative): EV to Sales based

3.2 Price Performance and Stock Recommendation

The stock has witnessed an upside of ~10.16% and ~24.23% over the last 1 month and 3 months respectively. Moreover, the stock is trading above the average 52-week high price of CAD 17.55 and 52-week low price of CAD 10.75, providing an opportunity to exit. Furthermore, the prices are trading near the resistance and could make some correction.

 3.3 One-Year Technical Price Chart

One-Year Technical Price Chart (as of June 13, 2024). Source: REFINITIV, Analysis: Kalkine Group 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, and currency as of June 13, 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement.