TSE:AKT.A AKITA Drilling (AKT.A) Stock Forecast, Price & News C$1.30 +0.04 (+3.17%) (As of 05/26/2023 ET) Add Compare Share Share Today's RangeC$1.26▼C$1.3050-Day RangeC$1.26▼C$1.5452-Week RangeC$1.03▼C$2.71Volume4,493 shsAverage Volume49,639 shsMarket CapitalizationC$49.40 millionP/E Ratio3.10Dividend Yield19.77%Price TargetC$3.13 ProfileProfileAnalyst RatingsChartCompetitorsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsInsider TradesHeadlinesSocial Media About AKITA Drilling (TSE:AKT.A) StockAKITA 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.Read More Receive AKT.A Stock News and Ratings via Email Sign-up to receive the latest news and ratings for AKITA Drilling and its competitors with MarketBeat's FREE daily newsletter. Email Address AKT.A Stock News HeadlinesMay 14, 2023 | americanbankingnews.comAKITA Drilling (TSE:AKT.A) Stock Price Passes Below 200 Day Moving Average of $1.67May 9, 2023 | americanbankingnews.comATB Capital Lowers AKITA Drilling (TSE:AKT.A) Price Target to C$3.75May 28, 2023 | MarketBeat Internal (Ad)Introducing MarketBeat All AccessGet real-time financial news and market data with MarketBeat All Access. Monitor your portfolio and the markets. Access our top stock picks, unbeatable research tools, best-in-class stock screeners, and proprietary research reports.May 8, 2023 | americanbankingnews.comATB Capital Cuts AKITA Drilling (TSE:AKT.A) Price Target to C$3.75May 4, 2023 | theglobeandmail.comClosing Bell: Akita Drilling Ltd Cl A NV down on Thursday (AKT-A)May 3, 2023 | theglobeandmail.comClosing Bell: Akita Drilling Ltd Cl A NV flat on Wednesday (AKT-A)May 1, 2023 | theglobeandmail.comClosing Bell: Akita Drilling Ltd Cl A NV down on Monday (AKT-A)April 28, 2023 | theglobeandmail.comClosing Bell: Akita Drilling Ltd Cl A NV up on Friday (AKT-A)May 28, 2023 | Chaikin Analytics (Ad)Wall Street Legend Who Called AMZN Crash Issues New Sell AlertNow, after years of big gains, he says one popular company's day in the sun is finally coming to an end. You must get off this sinking ship – NOW. 1 million people follow him for his surprisingly accurate predictions. His new sell alert could save your wealth in 2023.April 15, 2023 | theglobeandmail.comClosing Bell: Akita Drilling Ltd Cl A NV down on Friday (AKT-A)April 13, 2023 | theglobeandmail.comClosing Bell: Akita Drilling Ltd Cl A NV up on Thursday (AKT-A)April 11, 2023 | theglobeandmail.comClosing Bell: Akita Drilling Ltd Cl A NV up on Tuesday (AKT-A)March 24, 2023 | americanbankingnews.comAKITA Drilling (TSE:AKT.A) Price Target Raised to C$5.00March 23, 2023 | americanbankingnews.comAKITA Drilling (TSE:AKT.A) Price Target Cut to C$2.50November 9, 2022 | ca.finance.yahoo.comAKITA Drilling Ltd. (AKT-B.TO)October 20, 2022 | theglobeandmail.comAkita Drilling: Top 10 Undervalued Energy Sector Stocks on TSX (AKT-A)May 17, 2022 | nz.finance.yahoo.comAKITA Drilling (TSE:AKT.A) jumps 11% this week, taking one-year gains to 151%April 5, 2022 | theglobeandmail.comTuesday’s Insider Report: Chair invests $2.4-million in this stock that’s up 30% in the past weekMarch 14, 2022 | yahoo.comAKITA announces 2021 annual resultsJuly 17, 2021 | finance.yahoo.comAKITA DRILLING LTD., CL.A, NV (AKT-A.TO) stock forecast and price targetOctober 29, 2020 | markets.businessinsider.comAKITA announces third quarter results and extension of covenant relief periodJuly 20, 2020 | markets.businessinsider.comAKITA Announces Credit Facility AmendmentsMay 3, 2020 | finance.yahoo.comOne Analyst Just Downgraded Their AKITA Drilling Ltd. (TSE:AKT.A) ForecastsMarch 27, 2020 | www.bloomberg.comAKITA Drilling LtdSeptember 26, 2019 | markets.businessinsider.comAKITA Drilling Ltd. Comments on Unusual Market ActivitySeptember 19, 2019 | finance.yahoo.comIs AKITA Drilling (TSE:AKT.A) Using Debt In A Risky Way?June 19, 2019 | ca.finance.yahoo.comAKITA Drilling Ltd. (AKT-A.TO)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive AKT.A Stock News and Ratings via Email Sign-up to receive the latest news and ratings for AKITA Drilling and its competitors with MarketBeat's FREE daily newsletter. Email Address Industry, Sector and Symbol Stock ExchangeTSE Industry Oil & Gas Drilling Sub-IndustryN/A SectorOils/Energy Current SymbolTSE:AKT.A CUSIPN/A CIKN/A Webwww.akita-drilling.com Phone+1-403-2927979FaxN/AEmployees1,085Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$3.13 High Stock Price ForecastC$3.75 Low Stock Price ForecastC$2.50 Forecasted Upside/Downside+140.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.42 Trailing P/E Ratio3.10 Forward P/E Ratio3.06 P/E Growth-0.69Net IncomeC$16.74 million Net Margins7.58% Pretax MarginN/A Return on Equity12.14% Return on Assets3.64% Debt Debt-to-Equity Ratio63.23 Current Ratio2.50 Quick Ratio1.54 Sales & Book Value Annual SalesC$221.01 million Price / Sales0.22 Cash FlowC$0.11 per share Price / Cash Flow11.48 Book ValueC$3.72 per share Price / Book0.35Miscellaneous Outstanding Shares38,000,000Free FloatN/AMarket CapC$49.40 million OptionableNot Optionable Beta1.84 Key ExecutivesMr. 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 Key CompetitorsQ InvestmentsCVE:QIWestern Energy ServicesTSE:WRGXtreme DrillingTSE:XDCCathedral Energy ServicesTSE:CETPetro-Victory EnergyCVE:VRYView All Competitors AKT.A Stock - Frequently Asked Questions Should I buy or sell AKITA Drilling stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AKITA Drilling in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research 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 forecast for 2023? 1 analysts have issued twelve-month price targets for AKITA Drilling's shares. Their AKT.A share price forecasts range from C$2.50 to C$3.75. On average, they expect the company's stock price to reach C$3.13 in the next year. This suggests a possible upside of 140.4% 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 2023? AKITA Drilling's stock was trading at C$1.73 at the start of the year. Since then, AKT.A stock has decreased by 24.9% and is now trading at C$1.30. View the best growth stocks for 2023 here. What is AKITA Drilling's stock symbol? AKITA Drilling trades on the Toronto Stock Exchange (TSX) under the ticker symbol "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. What is AKITA Drilling's stock price today? One share of AKT.A stock can currently be purchased for approximately C$1.30. How much money does AKITA Drilling make? AKITA Drilling (TSE:AKT.A) has a market capitalization of C$49.40 million and generates C$221.01 million in revenue each year. The company earns C$16.74 million in net income (profit) each year or C$0.42 on an earnings per share basis. How many employees does AKITA Drilling have? The company employs 1,085 workers across the globe. How can I contact AKITA Drilling? AKITA Drilling's mailing address is 1000-333 7 Ave SW, CALGARY, AB T2P 2Z1, Canada. The official website for the company is www.akita-drilling.com. The company can be reached via phone at +1-403-2927979. This page (TSE:AKT.A) was last updated on 5/28/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding AKITA Drilling Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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