AKT-A:CA:TSX-AKITA Drilling Ltd (CAD)

COMMON STOCK | Oil & Gas Drilling | TSX

Last Closing Price

CAD 1.20

Change

0.00 (0.00)%

Market Cap

CAD 0.05B

Volume

4.74K

Average Target Price

N/A
Average Analyst Rating

N/A

Fundamental Analysis

Verdict

About

AKITA Drilling Ltd. 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 services. As of December 31, 2020, the company had 14 wholly owned and operated drilling rigs in Canada; and 9 XDR 500 rigs and 3 XDR 850XE rigs in the United States. It serves oil and gas companies. The company was founded in 1964 and is headquartered in Calgary, Canada. Address: 1000, 333 ? 7th Avenue S.W., Calgary, AB, Canada, T2P 2Z1

Company Website : http://www.akita-drilling.com

Address : 1000, 333 ? 7th Avenue S.W., Calgary, AB, Canada, T2P 2Z1

Employees : 1,055

Fiscal Year End : December

Currency: CAD

Country : Canada

Technical Indicators

Beta : 1.21

52 Week High : 1.32

Short Ratio : 1.18

52 Week Low : 0.27

Shorted Shares : 10,600

200 Day Moving Average : 0.83

Shorted Shares Previous Month : 14,923

50 Day Moving Average : 1.03

Shares Held By Insiders : 145.68%

Shares Held by Institutions : 39.61%

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-06-18 )

Largest Industry Peers for Oil & Gas Drilling

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
PD:CA Precision Drilling Corporation

N/A

 CAD0.61B 75.00 6.95
ESI:CA Ensign Energy Services Inc

+0.19 (+9.60%)

 CAD0.32B 6.53 5.39
PHX:CA PHX Energy Services Corp

-0.03 (-0.70%)

 CAD0.22B 525.00 6.97
WRG:CA Western Energy Services Corp

-0.01 (-1.18%)

 CAD0.04B N/A 13.85
CET:CA Cathedral Energy Services Ltd

N/A

 CAD0.03B 244.80 25.53

ETFs Containing AKT-A:CA

Symbol Name Weight Mer Price(Change) Market Cap

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Oil & Gas Drilling)		 Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Trailing 12 Months  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Trailing 5 Years  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Average Annual (5 Year Horizon)  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) N/A N/A N/A N/A N/A
Risk Adjusted Return N/A N/A N/A N/A N/A
Market Capitalization 0.05B 50% F 20% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Oil & Gas Drilling)		 Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio N/A N/A N/A N/A N/A
Price/Book Ratio 0.33 67% D+ 99% A+
Price / Cash Flow Ratio 2.14 67% D+ 76% C
EV/EBITDA N/A N/A N/A N/A N/A
Management Effectiveness  
Return on Equity -26.07% 33% F 15% F
Return on Invested Capital -2.93% 50% F 28% F
Return on Assets -4.27% 33% F 18% F
Debt to Equity Ratio 48.80% 80% B- 52% F
Technical Ratios  
Short Ratio 1.18 50% F 51% F
Short Percent 0.03% 67% D+ 91% A-
Beta 1.21 100% A+ 38% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.