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S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
"Prepare for Five Years of Famine" (Ad)
Why Invest in High-Yield Dividend Stocks?
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Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
3rd Massive Dollar Upheaval Has Started (Ad)
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
Closing prices for crude oil, gold and other commodities
Retirees Face “Income Destruction” (Ad)pixel
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
"Prepare for Five Years of Famine" (Ad)
Why Invest in High-Yield Dividend Stocks?
3 Stable Growth Stocks for Bumpy Times
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
3rd Massive Dollar Upheaval Has Started (Ad)
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
Closing prices for crude oil, gold and other commodities
Retirees Face “Income Destruction” (Ad)pixel
TSE:AKT.A

AKITA Drilling - AKT.A Stock Forecast, Price & News

C$1.78
+0.16 (+9.88%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
C$1.62
C$1.78
50-Day Range
C$1.55
C$2.62
52-Week Range
C$0.70
C$2.96
Volume
79,578 shs
Average Volume
100,450 shs
Market Capitalization
C$70.50 million
P/E Ratio
N/A
Dividend Yield
19.77%
Price Target
C$2.58
AKT.A stock logo

About AKITA Drilling (TSE:AKT.A) Stock

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.

AKITA Drilling Trading Up 9.9 %

AKT.A opened at C$1.78 on Friday. The stock has a market capitalization of C$70.50 million and a P/E ratio of -3.48. AKITA Drilling has a 12 month low of C$0.70 and a 12 month high of C$2.96. The firm's fifty day simple moving average is C$1.95 and its 200 day simple moving average is C$1.85. The company has a current ratio of 1.45, a quick ratio of 1.34 and a debt-to-equity ratio of 75.22.

Analysts Set New Price Targets

Separately, BMO Capital Markets decreased their price target on shares of AKITA Drilling from C$3.00 to C$2.50 in a report on Thursday, August 4th.

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AKT.A Stock News Headlines

AKITA Announces Credit Facility Amendments
AKITA Drilling Ltd
AKITA Drilling Ltd. Comments on Unusual Market Activity
Is AKITA Drilling (TSE:AKT.A) Using Debt In A Risky Way?
AKITA Drilling Ltd. (AKT-A.TO)
Darcy Reynolds
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 Forecast
C$2.58
High Stock Price Forecast
C$2.65
Low Stock Price Forecast
C$2.50
Forecasted Upside/Downside
+44.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$127.90 million
Cash Flow
C$0.12 per share
Book Value
C$3.24 per share

Miscellaneous

Free Float
N/A
Market Cap
C$70.50 million
Optionable
Not Optionable
Beta
N/A

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 - Frequently Asked Questions

Should I buy or sell AKITA Drilling stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AKITA Drilling in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 2022?

2 brokerages have issued 1 year target prices for AKITA Drilling's shares. Their AKT.A share price forecasts range from C$2.50 to C$2.65. On average, they anticipate the company's stock price to reach C$2.58 in the next year. This suggests a possible upside of 44.7% 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 2022?

AKITA Drilling's stock was trading at C$0.94 at the beginning of the year. Since then, AKT.A shares have increased by 89.4% and is now trading at C$1.78.
View the best growth stocks for 2022 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$1.78.

How much money does AKITA Drilling make?

AKITA Drilling (TSE:AKT.A) has a market capitalization of C$70.50 million and generates C$127.90 million in revenue each year.

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 8/12/2022 by MarketBeat.com Staff

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