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

COMMON STOCK | Oil & Gas Drilling | TSX

Last Closing Price

CAD 1.62

Change

-0.18 (-10.00)%

Market Cap

CAD 0.07B

Volume

0.04M

Avg Analyst Target

CAD 2.39 (+47.38%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

AKT-A Stock Forecast & Price:
Based on the AKITA Drilling Ltd stock forecasts from 2 analysts, the average analyst target price for AKITA Drilling Ltd is CAD 2.39 over the next 12 months. AKITA Drilling Ltd’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of AKITA Drilling Ltd is Slightly Bullish , which is based on 6 positive signals and 3 negative signals. At the last closing, AKITA Drilling Ltd’s stock price was CAD 1.62. AKITA Drilling Ltd’s stock price has changed by -18.59% over the past week, -35.97% over the past month and +25.58% over the last year.

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

AKITA Drilling Ltd. is an oil and gas drilling contractor in Canada and the United States. It provides contract drilling services to the oil and gas industry. The company is involved in the drilling of oil and gas wells; other forms of drilling related to potash mining; and devel ...Read More

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

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

Employees : 1,060

Fiscal Year End : December

Currency: CAD

Country : Canada

Technical Indicators

Beta : 1.30

52 Week High : 2.96

Short Ratio : 0.91

52 Week Low : 0.70

Shorted Shares : 69,612

200 Day Moving Average : 1.51

Shorted Shares Previous Month : 50,783

50 Day Moving Average : 2.30

Shares Held By Insiders : 14.40%

Short Percentage : 0.02%

Shares Held by Institutions : 37.20%

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2022-07-05 )

Largest Industry Peers for Oil & Gas Drilling

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

-10.24 (-12.31%)

 CAD1.12B 75.00 13.98
ESI:CA Ensign Energy Services Inc

-0.32 (-9.47%)

 CAD0.62B 6.53 8.66
PHX:CA PHX Energy Services Corporatio..

-0.38 (-7.66%)

 CAD0.25B 19.84 6.01
WRG:CA Western Energy Services Corp.

-0.01 (-12.50%)

 CAD0.16B N/A 15.60
CET:CA Cathedral Energy Services Ltd

-0.05 (-7.58%)

 CAD0.09B 244.80 12.04

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 72.34% 83% B 99% A+
Dividend Return N/A N/A N/A N/A N/A
Total Return 72.34% 83% B 99% A+
Trailing 12 Months  
Capital Gain 29.60% 50% F 95% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 29.60% 50% F 95% 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 25.49% 83% B 89% B+
Dividend Return N/A N/A N/A N/A N/A
Total Return 25.49% 83% B 88% B+
Risk Return Profile  
Volatility (Standard Deviation) 52.16% 100% A+ 17% F
Risk Adjusted Return 48.87% 83% B 62% D-
Market Capitalization 0.07B 17% F 26% 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 0.57 100% A+ 88% B+
Price / Cash Flow Ratio -19.20 83% B 90% A-
EV/EBITDA 13.98 33% F 19% F
Management Effectiveness  
Return on Equity -14.64% 33% F 16% F
Return on Invested Capital -9.01% 33% F 17% F
Return on Assets -4.86% 33% F 17% F
Debt to Equity Ratio 64.22% 80% B- 43% F
Technical Ratios  
Dividend Yield N/A N/A N/A N/A N/A
Short Ratio 0.91 50% F 74% C
Short Percent 0.02% 100% A+ 88% B+
Beta 1.30 100% A+ 32% 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 Ratings

Target Price Action Rating Action Analyst Rating Price Date
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User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

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:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

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 free cash flow

The company had positive total free 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.

Negative cashflow

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

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.