Should I buy or sell AKITA Drilling stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AKITA Drilling in the last year. There are currently 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 target for 2024?

1 brokers have issued 12 month price targets for AKITA Drilling's shares. Their AKT.A share price targets range from C$2.80 to C$2.80. On average, they expect the company's share price to reach C$2.80 in the next year. This suggests a possible upside of 91.8% 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 2024?

AKITA Drilling's stock was trading at C$1.37 at the start of the year. Since then, AKT.A shares have increased by 6.6% and is now trading at C$1.46. View the best growth stocks for 2024 here .

Is AKITA Drilling a good dividend stock?

AKITA Drilling (TSE:AKT.A) pays an annual dividend of C$0.34 per share and currently has a dividend yield of 19.77%. AKT.A has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 47.89%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for 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 .

TSE:AKT.A

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

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C$1.46

-0.03 (-2.01%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$1.46
▼
C$1.49
50-Day Range: C$1.45
▼
C$1.80
52-Week Range: C$1.08
▼
C$1.99

Volume: 12,969 shs
Average Volume: 32,619 shs
Market Capitalization: C$55.57 million

P/E Ratio: 2.06
Dividend Yield: 23.29%
Price Target: C$2.80

Stock Analysis Analyst Forecasts Chart Competitors Headlines Insider Trades

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AKITA Drilling MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 91.8% Upside
C$2.80 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.45 out of 5 stars

3.5

Analyst's Opinion

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 only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

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

2.5

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.
Dividend Coverage
The dividend payout ratio of AKITA Drilling is 47.89%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AKT.A.

3.2

News and Social Media Coverage

News Sentiment
AKITA Drilling has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for AKITA Drilling this week, compared to 0 articles on an average week.
Search Interest
1 people have searched for AKT.A on MarketBeat in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, AKITA Drilling insiders have not sold or bought any company stock.
Percentage Held by Insiders
17.36% 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 22.02% of the stock of AKITA Drilling is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of AKITA Drilling is 2.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of AKITA Drilling is 2.06, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 20.41.
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 0.37. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About AKITA Drilling Stock (TSE:AKT.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.

AKT.A Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AKT.A Stock News Headlines

April 17, 2024 | americanbankingnews.com

AKITA Drilling (TSE:AKT.A) Shares Pass Below Two Hundred Day Moving Average of $1.51

March 21, 2024 | sg.finance.yahoo.com

AKITA announces 2023 annual results with net income of $18.4 million and repayment of $24 million in debt

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

February 27, 2024 | finance.yahoo.com

Returns Are Gaining Momentum At AKITA Drilling (TSE:AKT.A)

February 14, 2024 | wsj.com

Akita Drilling Ltd. Cl A

January 11, 2024 | theglobeandmail.com

Closing Bell: Akita Drilling Ltd Cl A NV flat on Thursday (AKT-A)

December 14, 2023 | theglobeandmail.com

Akita Drilling: Top 10 Undervalued Energy Sector Stocks on TSX (AKT-B)

November 1, 2023 | ca.finance.yahoo.com

AKITA announces third quarter results and net income of $3.9 million for the quarter.

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

September 20, 2023 | finance.yahoo.com

AKITA Drilling (TSE:AKT.A) Is Experiencing Growth In Returns On Capital

August 10, 2023 | theglobeandmail.com

Closing Bell: Akita Drilling Ltd Cl A NV up on Wednesday (AKT-A)

May 4, 2023 | theglobeandmail.com

Closing Bell: Akita Drilling Ltd Cl A NV down on Thursday (AKT-A)

May 3, 2023 | theglobeandmail.com

Closing Bell: Akita Drilling Ltd Cl A NV flat on Wednesday (AKT-A)

May 1, 2023 | theglobeandmail.com

Closing Bell: Akita Drilling Ltd Cl A NV down on Monday (AKT-A)

April 28, 2023 | theglobeandmail.com

Closing Bell: Akita Drilling Ltd Cl A NV up on Friday (AKT-A)

April 15, 2023 | theglobeandmail.com

Closing Bell: Akita Drilling Ltd Cl A NV down on Friday (AKT-A)

April 13, 2023 | theglobeandmail.com

Closing Bell: Akita Drilling Ltd Cl A NV up on Thursday (AKT-A)

April 11, 2023 | theglobeandmail.com

Closing Bell: Akita Drilling Ltd Cl A NV up on Tuesday (AKT-A)

November 9, 2022 | ca.finance.yahoo.com

AKITA Drilling Ltd. (AKT-B.TO)

October 20, 2022 | theglobeandmail.com

Akita Drilling: Top 10 Undervalued Energy Sector Stocks on TSX (AKT-A)

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

March 14, 2022 | yahoo.com

AKITA announces 2021 annual results

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Oils/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: 1,085
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$2.80
High Stock Price Target: C$2.80
Low Stock Price Target: C$2.80
Potential Upside/Downside: +91.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.71
Trailing P/E Ratio: 2.06
Forward P/E Ratio: 12.33
P/E Growth: -0.69
Net Income: C$18.41 million
Net Margins: 8.17%
Pretax Margin: N/A
Return on Equity: 12.53%
Return on Assets: 3.25%

Debt

Debt-to-Equity Ratio: 45.15
Current Ratio: 1.85
Quick Ratio: 1.54

Sales & Book Value

Annual Sales: C$225.48 million
Price / Sales: 0.25
Cash Flow: C$0.13 per share
Price / Cash Flow: 11.48
Book Value: C$3.93 per share
Price / Book: 0.37

Miscellaneous

Outstanding Shares: 38,060,000
Free Float: N/A
Market Cap: C$55.57 million
Optionable: Not Optionable
Beta: 1.99

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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

AKT.A Stock Analysis - Frequently Asked Questions

Should I buy or sell AKITA Drilling stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AKITA Drilling in the last year. There are currently 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 target for 2024?: 1 brokers have issued 12 month price targets for AKITA Drilling's shares. Their AKT.A share price targets range from C$2.80 to C$2.80. On average, they expect the company's share price to reach C$2.80 in the next year. This suggests a possible upside of 91.8% 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 2024?: AKITA Drilling's stock was trading at C$1.37 at the start of the year. Since then, AKT.A shares have increased by 6.6% and is now trading at C$1.46.
View the best growth stocks for 2024 here.

Is AKITA Drilling a good dividend stock?: AKITA Drilling (TSE:AKT.A) pays an annual dividend of C$0.34 per share and currently has a dividend yield of 19.77%. AKT.A has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 47.89%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for 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.

This page (TSE:AKT.A) was last updated on 4/19/2024 by MarketBeat.com Staff

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

AKITA Drilling MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About AKITA Drilling Stock (TSE:AKT.A)

AKT.A Stock Price History

AKT.A Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

AKT.A Stock Analysis - Frequently Asked Questions

Overall MarketRank^™