AKITA Drilling (AKT.A) Stock Price, News & Analysis

Company Overview

AKITA Drilling Ltd. operates as an oil and gas drilling contractor in Canada and the United States. It is involved in the drilling oil and gas wells, potash exploration and development wells, geothermal wells, disposal wells, and carbon storage wells, as well as wells to be developed into storage caverns for gas. The company was founded in 1964 and is headquartered in Calgary, Canada. AKITA Drilling Ltd. operates as a subsidiary of Sentgraf Enterprises Ltd.

Key Stats

• Today's Range: C$1.67 to C$1.70
• 50-Day Range: C$1.30 to C$1.68
• 52-Week Range: C$1.20 to C$1.87
• Volume: 8,836 shs
• Average Volume: 31,769 shs
• Market Capitalization: C$64.36 million
• P/E Ratio: 15.36
• Dividend Yield: 20.12%
• Price Target: C$3.75
• Consensus Rating: Buy

AKITA Drilling Stock Analysis - MarketRank™

AKITA Drilling scored higher than 64% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

AKITA Drilling has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

AKITA Drilling has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of AKITA Drilling is 15.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of AKITA Drilling is 15.18, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 109.55.

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 0.42. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for AKT.A.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

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.

Dividend Coverage

The dividend payout ratio of AKITA Drilling is 309.09%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for AKT.A.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for AKITA Drilling this week, compared to 0 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, AKITA Drilling insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$14,000.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

17.55% of the stock of AKITA Drilling is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 21.01% of the stock of AKITA Drilling is held by institutions.

AKT.A Stock Analysis - Frequently Asked Questions

How have AKT.A shares performed this year?

AKITA Drilling's stock was trading at C$1.37 on January 1st, 2024. Since then, AKT.A shares have increased by 21.9% and is now trading at C$1.67.
View the best growth stocks for 2024 here.

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.
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Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas Drilling
• Sub-Industry: N/A
• Current Symbol: TSE:AKT.A
• CUSIP: N/A
• CIK: N/A
• Web: www.akita-drilling.com
• Phone: +1-403-2927979
• Fax: N/A
• Employees: 1,068
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$3.75
• High Stock Price Target: C$3.75
• Low Stock Price Target: C$3.75
• Potential Upside/Downside: +124.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.11
• Trailing P/E Ratio: 15.18
• Forward P/E Ratio: 3.48
• 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$186.77 million
• Price / Sales: 0.34
• Cash Flow: C$0.15 per share
• Price / Cash Flow: 11.48
• Book Value: C$4.01 per share
• Price / Book: 0.42

Miscellaneous

• Outstanding Shares: 38,080,000
• Free Float: N/A
• Market Cap: C$63.59 million
• Optionable: Not Optionable
• Beta: 1.97