AKITA Drilling (AKT.A) Stock Price, News & Analysis

Company Overview

AKITA is a premier Canadian oil and gas drilling contractor with a fleet of 32 drilling rigs. AKITA provides contract drilling services through two geographical segments: Canada and the United States ("US"). AKITA's US fleet is supported out of its operations base in Midland, Texas and is comprised of 13 high specification AC triple rigs, one high specification AC double rig and one DC triple rig, primarily serving the Permian Basin, which is the most active basin in the US and currently supports approximately half of all US land drilling. With a fleet of 17 rigs, AKITA's Canadian division operates in Alberta, British Columbia and Saskatchewan. AKITA's Canadian division primarily operates in the oil sands, heavy oil regions and the Montney gas basin. In both Canada and the US, AKITA strives to ensure it is well positioned to meet the demanding requirements of global operators while remaining flexible enough to tailor its services to customized operator requests.

Key Stats

• Today's Range: C$4.45 to C$4.61
• 50-Day Range: C$3.01 to C$4.70
• 52-Week Range: C$1.67 to C$4.72
• Volume: 62,120 shs
• Average Volume: 95,718 shs
• Market Capitalization: C$172.89 million
• P/E Ratio: 64.29
• Dividend Yield: 19.77%
• Price Target: C$2.25
• Consensus Rating: Hold

AKITA Drilling Stock Analysis - MarketRank™

AKITA Drilling scored higher than 3% 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: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

AKITA Drilling has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no strong buy ratings, no buy ratings, 1 hold rating, and no sell ratings.

Downside Risk

AKITA Drilling has a consensus price target of C$2.25, representing about 50.0% downside from its current price of C$4.50.

Amount of Analyst Coverage

AKITA Drilling has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of AKITA Drilling is 64.29, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 44.59.

Price to Earnings Ratio vs. Sector

The P/E ratio of AKITA Drilling is 64.29, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 20.27.

Price to Earnings Growth Ratio

Due to a projected decrease in earnings for AKITA Drilling, their PEG ratio cannot be calculated.

Price to Book Value per Share Ratio

AKITA Drilling has a P/B Ratio of 1.12. 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 AKT.A.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

AKITA Drilling is a leading dividend payer. It pays a dividend yield of 19.77%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

AKITA Drilling does not have a long track record of dividend growth.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for AKITA Drilling this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.9 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, AKITA Drilling insiders have not sold or bought any company stock.

Percentage Held by Insiders

17.55% of the stock of AKITA Drilling is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

22.63% of the stock of AKITA Drilling is held by institutions.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas Drilling
• Sub-Industry: N/A
• Current Symbol: TSE:AKT.A
• CIK: N/A
• Web: www.akita-drilling.com
• Phone: +1-403-2927979
• Fax: N/A
• Employees: 1,068
• Year Founded: N/A

Price Target and Rating

• Average Price Target for AKITA Drilling: C$2.25
• High Price Target: C$2.25
• Low Price Target: C$2.25
• Potential Upside/Downside: -50.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): C$0.07
• Trailing P/E Ratio: 64.29
• Forward P/E Ratio: 9.38
• P/E Growth: -0.69
• Net Income: C$4.87 million
• Net Margins: 2.60%
• Pretax Margin: N/A
• Return on Equity: 3.12%
• Return on Assets: -0.11%

Debt

• Debt-to-Equity Ratio: 33.94
• Current Ratio: 1.69
• Quick Ratio: 1.54

Sales & Book Value

• Annual Sales: C$191.31 million
• Price / Sales: 0.90
• Cash Flow: C$0.39 per share
• Price / Cash Flow: 11.48
• Book Value: C$4.01 per share
• Price / Book: 1.12

Miscellaneous

• Outstanding Shares: 38,420,000
• Free Float: N/A
• Market Cap: C$172.89 million
• Optionable: Not Optionable
• Beta: 0.03