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$3.75 to C$3.98
• 50-Day Range: C$3.40 to C$4.96
• 52-Week Range: C$1.67 to C$5.21
• Volume: 40,337 shs
• Average Volume: 90,183 shs
• Market Capitalization: C$148.72 million
• P/E Ratio: 55.57
• Dividend Yield: 19.77%
• Price Target: C$2.25
• Consensus Rating: Hold

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: -42.2%
• 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: 55.57
• Forward P/E Ratio: 8.10
• 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: 0.78
• Cash Flow: C$0.34 per share
• Price / Cash Flow: 11.48
• Book Value: C$4.01 per share
• Price / Book: 0.97

Miscellaneous

• Outstanding Shares: 38,232,000
• Free Float: N/A
• Market Cap: C$148.72 million
• Optionable: Not Optionable
• Beta: -0.29