TSE:AKT.A

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

C$1.49
0.00 (0.00%)
(As of 05/17/2024 ET)
Today's Range
C$1.48
C$1.49
50-Day Range
C$1.45
C$1.72
52-Week Range
C$1.08
C$1.99
Volume
11,100 shs
Average Volume
31,622 shs
Market Capitalization
C$56.74 million
P/E Ratio
3.24
Dividend Yield
22.82%
Price Target
C$3.75

AKITA Drilling MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
151.7% Upside
C$3.75 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.20mentions of AKITA Drilling in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.23 out of 5 stars

AKT.A stock logo

About AKITA Drilling Stock (TSE:AKT.A)

AKITA Drilling Ltd. provides provides contract drilling services in Canada and the United States. The company is involved in the drilling of oil and gas wells; other forms of drilling related to potash mining; and development of storage caverns. It specializes in pad and other purpose-built drilling rigs; and conventional, directional, horizontal, and underbalanced drilling, as well as provides specialized drilling services. As of December 31, 2018, the company had 17 wholly owned and operated drilling rigs in Canada; and 17 drilling rigs in the United States. It serves independent and multinational oil and gas companies. AKITA Drilling Ltd. was founded in 1964 and is headquartered in Calgary, Canada.

AKT.A Stock Price History

AKT.A Stock News Headlines

AKITA Drilling Ltd. Announces Director Election Results
Returns Are Gaining Momentum At AKITA Drilling (TSE:AKT.A)
Akita Drilling Ltd. Cl A
AKITA Drilling Ltd. (AKT-B.TO)
AKITA announces 2021 annual results
See More Headlines
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Industry, Sector and Symbol

Industry
Oil & Gas Drilling
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
1,085
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$3.75
High Stock Price Target
C$3.75
Low Stock Price Target
C$3.75
Potential Upside/Downside
+151.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
C$11.52 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$206.78 million
Cash Flow
C$0.13 per share
Book Value
C$4.24 per share

Miscellaneous

Free Float
N/A
Market Cap
C$56.74 million
Optionable
Not Optionable
Beta
1.99
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Key Executives

  • Mr. Karl A. Ruud (Age 65)
    Pres, CEO & Director
  • Mr. Darcy Reynolds (Age 43)
    VP of Fin. & CFO
  • Mr. Colin A. Dease (Age 44)
    VP, Corp. Sec. & Legal Counsel
  • Mr. Raymond T. Coleman (Age 52)
    Sr. VP & MD of US Operations
  • Mr. Fred O. Hensel (Age 58)
    VP of Canadian Operations

AKT.A Stock Analysis - Frequently Asked Questions

Should I buy or sell AKITA Drilling stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AKITA Drilling in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" AKT.A shares.
View AKT.A analyst ratings
or view top-rated stocks.

What is AKITA Drilling's stock price target for 2024?

1 equities research analysts have issued 12-month price objectives for AKITA Drilling's shares. Their AKT.A share price targets range from C$3.75 to C$3.75. On average, they anticipate the company's stock price to reach C$3.75 in the next twelve months. This suggests a possible upside of 151.7% from the stock's current price.
View analysts price targets for AKT.A
or view top-rated stocks among Wall Street analysts.

How have AKT.A shares performed in 2024?

AKITA Drilling's stock was trading at C$1.37 on January 1st, 2024. Since then, AKT.A stock has increased by 8.8% and is now trading at C$1.49.
View the best growth stocks for 2024 here
.

Is AKITA Drilling a good dividend stock?

AKITA Drilling (TSE:AKT.A) pays an annual dividend of C$0.34 per share and currently has a dividend yield of 19.77%. AKT.A has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 73.91%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for AKT.A.

How do I buy shares of AKITA Drilling?

Shares of AKT.A 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.

This page (TSE:AKT.A) was last updated on 5/18/2024 by MarketBeat.com Staff

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