TSE:AKT.A

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

C$1.70

-0.08 (-4.49%)

(As of 08/12/2022 12:00 AM ET)

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Today's Range: C$1.66
▼
C$1.76
50-Day Range: C$1.55
▼
C$2.62
52-Week Range: C$0.70
▼
C$2.96

Volume: 84,700 shs
Average Volume: 100,348 shs
Market Capitalization: C$67.33 million

P/E Ratio: N/A
Dividend Yield: 19.77%
Price Target: C$2.58

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 Stock Performance

TSE:AKT.A traded down C$0.08 on Friday, hitting C$1.70. 84,700 shares of the company's stock traded hands, compared to its average volume of 100,348. The company has a current ratio of 1.45, a quick ratio of 1.34 and a debt-to-equity ratio of 75.22. The firm's 50-day moving average price is C$1.94 and its two-hundred day moving average price is C$1.86. AKITA Drilling has a 1-year low of C$0.70 and a 1-year high of C$2.96. The firm has a market capitalization of C$67.33 million and a PE ratio of -3.32.

Wall Street Analyst Weigh In

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

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AKT.A Stock News Headlines

August 7, 2022 | americanbankingnews.com

AKITA Drilling (TSE:AKT.A) PT Lowered to C$2.50 at BMO Capital Markets

May 17, 2022 | nz.finance.yahoo.com

AKITA Drilling (TSE:AKT.A) jumps 11% this week, taking one-year gains to 151%

April 5, 2022 | theglobeandmail.com

Tuesday’s Insider Report: Chair invests $2.4-million in this stock that’s up 30% in the past week

July 17, 2021 | finance.yahoo.com

AKITA DRILLING LTD., CL.A, NV (AKT-A.TO) stock forecast and price target

October 29, 2020 | markets.businessinsider.com

AKITA announces third quarter results and extension of covenant relief period

July 20, 2020 | markets.businessinsider.com

AKITA Announces Credit Facility Amendments

May 3, 2020 | finance.yahoo.com

One Analyst Just Downgraded Their AKITA Drilling Ltd. (TSE:AKT.A) Forecasts

March 27, 2020 | www.bloomberg.com

AKITA Drilling Ltd

September 26, 2019 | markets.businessinsider.com

AKITA Drilling Ltd. Comments on Unusual Market Activity

September 19, 2019 | finance.yahoo.com

Is AKITA Drilling (TSE:AKT.A) Using Debt In A Risky Way?

June 19, 2019 | ca.finance.yahoo.com

AKITA Drilling Ltd. (AKT-A.TO)

May 20, 2019 | www.bloomberg.com

Darcy Reynolds

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas Drilling
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: TSE:AKT.A
CUSIP: N/A
CIK: N/A
Web: www.akita-drilling.com
Phone: +1-403-2927979
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: +51.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: 7.73
P/E Growth: -2.76
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 75.22
Current Ratio: 1.45
Quick Ratio: 1.34

Sales & Book Value

Annual Sales: C$127.90 million
Price / Sales: 0.53
Cash Flow: C$0.11 per share
Price / Cash Flow: 15.36
Book Value: C$3.24 per share
Price / Book: 0.52

Miscellaneous

Outstanding Shares: 39,608,000
Free Float: N/A
Market Cap: C$67.33 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

Key Competitors

View All Competitors

Insiders & Institutions

Linda A. Southern-Heathcott
Bought 1,628,434 shares on 3/28/2022
Total: C$2.44 M ($1.50/share)

View All Insider Transactions
View All Institutional Transactions

AKT.A Stock - Frequently Asked Questions

Should I buy or sell AKITA Drilling stock right now?: 2 Wall Street 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 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 Wall Street research analysts have issued 12 month 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 predict the company's stock price to reach C$2.58 in the next twelve months. This suggests a possible upside of 51.5% 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 2022. Since then, AKT.A stock has increased by 80.9% and is now trading at C$1.70.
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$1.70.
How much money does AKITA Drilling make?: AKITA Drilling (TSE:AKT.A) has a market capitalization of C$67.33 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 8/13/2022 by MarketBeat.com Staff

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