TSE:AKT.A

AKITA Drilling Stock Forecast, Price & News

C$0.57

-0.03 (-5.00 %)

(As of 01/18/2021 01:55 PM ET)

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Today's Range

C$0.53

Now: C$0.57▼

C$0.60

50-Day Range

C$0.00

MA: C$0.40▼

C$0.59

52-Week Range

C$0.25

Now: C$0.57▼

C$1.09

Volume33,737 shs

Average Volume46,415 shs

Market CapitalizationC$22.58 million

P/E RatioN/A

Dividend Yield19.77%

BetaN/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.

Overall MarketRank^™

1.06 out of 5 stars

1.0 Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of C$0.70, AKITA Drilling has a forecasted upside of 22.8% from its current price of C$0.57.
Amount of Analyst Coverage
AKITA Drilling has received no research coverage in the past 90 days.

2.0 Community Rank

Outperform Votes
AKITA Drilling has received 81 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
AKITA Drilling has received 126 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
AKITA Drilling has received 60.87% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about AKITA Drilling and other stocks. Vote “Outperform” if you believe AKT.A will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AKT.A will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
AKITA Drilling is a leading dividend payer. It pays a dividend yield of 19.77%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
AKITA Drilling does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, AKITA Drilling insiders have not sold or bought any company stock.

0.6 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of AKITA Drilling is -0.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of AKITA Drilling is -0.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for AKITA Drilling, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
AKITA Drilling has a P/B Ratio of 0.13. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange TSE

Industry Oil & Gas Drilling

Sub-IndustryN/A

SectorEnergy

Current SymbolTSE:AKT.A

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.akita-drilling.com

Phone+1-403-2927979

Employees1,085

Debt

Debt-to-Equity Ratio42.95

Current Ratio1.85

Quick Ratio1.60

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E Growth-0.01

Sales & Book Value

Annual SalesC$140.60 million

Price / Sales0.16

Cash FlowC$0.18 per share

Price / Cash Flow3.25

Book ValueC$4.56 per share

Price / Book0.13

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares39,608,000

Market CapC$22.58 million

Next Earnings DateN/A

OptionableNot Optionable

C$0.57

-0.03 (-5.00 %)

(As of 01/18/2021 01:55 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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AKITA Drilling (TSE:AKT.A) Frequently Asked Questions

How has AKITA Drilling's stock been impacted by Coronavirus (COVID-19)?

AKITA Drilling's stock was trading at C$0.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AKT.A shares have decreased by 18.6% and is now trading at C$0.57.
View which stocks have been most impacted by COVID-19.

What stocks does MarketBeat like better than AKITA Drilling?

Wall Street analysts have given AKITA Drilling a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but AKITA Drilling wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What price target have analysts set for AKT.A?

0 brokers have issued 12 month price objectives for AKITA Drilling's stock. Their forecasts range from C$0.65 to C$0.75. On average, they expect AKITA Drilling's share price to reach C$0.70 in the next year. This suggests a possible upside of 22.8% from the stock's current price.
View analysts' price targets for AKITA Drilling or view Wall Street analyst' top-rated stocks.

Who are some of AKITA Drilling's key competitors?

Some companies that are related to AKITA Drilling include Western Energy Services Corp. (WRG.TO) (WRG), Q Investments Ltd. (QI.V) (QI), Sterling Energy plc (SEY.L) (SEY), G3 Exploration Limited (G3E.L) (G3E), Cathedral Energy Services Ltd. (CET.TO) (CET), Marksmen Energy Inc. (MAH.V) (MAH), TomCo Energy Plc (TOM.L) (TOM), Anglo African Oil & Gas plc (AAOG.L) (AAOG), AKITA Drilling (AKTAF), Archer (ARHVF), Awilco Drilling (AWLCF), CES Energy Solutions (CESDF), Greka Drilling Limited (GDL.L) (GDL), OMV Aktiengesellschaft (OMVKY) and Seadrill Partners (SDLPQ).
View all of AKT.A's competitors.

Who are AKITA Drilling's key executives?

AKITA Drilling's management team includes the following people:

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

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 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.

What is AKITA Drilling's stock price today?

One share of AKT.A stock can currently be purchased for approximately C$0.57.

How big of a company is AKITA Drilling?

AKITA Drilling has a market capitalization of C$22.58 million and generates C$140.60 million in revenue each year. AKITA Drilling employs 1,085 workers across the globe.

What is AKITA Drilling's official website?

The official website for AKITA Drilling is www.akita-drilling.com.

How can I contact AKITA Drilling?

AKITA Drilling's mailing address is 1000-333 7 Ave SW, CALGARY, AB T2P 2Z1, Canada. The company can be reached via phone at +1-403-2927979.

This page was last updated on 1/19/2021 by MarketBeat.com Staff

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