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AKITA Drilling TSX:AKT.A Stock Report

Last Price

CA$1.56

Market Cap

CA$65.1m

7D

-3.1%

1Y

13.9%

Updated

30 Dec, 2024

Data

Company Financials +

AKITA Drilling Ltd.

TSX:AKT.A Stock Report

Market Cap: CA$65.1m

AKT.A Stock Overview

Operates as an oil and gas drilling contractor in Canada and the United States. More details

AKT.A fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance1/6
Financial Health3/6
Dividends0/6

Rewards

Trading at 81.3% below our estimate of its fair value

Revenue is forecast to grow 9.43% per year

Risk Analysis

Does not have a meaningful market cap (CA$65M)

Large one-off items impacting financial results

Significant insider selling over the past 3 months

Profit margins (1.2%) are lower than last year (11.9%)


My Notes

Capture your thoughts, links and company narrative

AKITA Drilling Ltd. Competitors

Stampede Drilling

TSXV:SDI

CA$36.2m

PHX Energy Services

TSX:PHX

CA$426.3m

Ensign Energy Services

TSX:ESI

CA$526.3m

ACT Energy Technologies

TSX:ACX

CA$219.0m

Price History & Performance

Summary of share price highs, lows and changes for AKITA Drilling
Historical stock prices
Current Share PriceCA$1.56
52 Week HighCA$1.87
52 Week LowCA$1.20
Beta1.99
1 Month Change-3.11%
3 Month Change-4.29%
1 Year Change13.87%
3 Year Change65.96%
5 Year Change30.00%
Change since IPO108.00%

Recent News & Updates

Earnings Miss: AKITA Drilling Ltd. Missed EPS By 40% And Analysts Are Revising Their Forecasts

Nov 08
Earnings Miss: AKITA Drilling Ltd. Missed EPS By 40% And Analysts Are Revising Their Forecasts

Take Care Before Diving Into The Deep End On AKITA Drilling Ltd. (TSE:AKT.A)

Sep 24
Take Care Before Diving Into The Deep End On AKITA Drilling Ltd. (TSE:AKT.A)

Recent updates

Earnings Miss: AKITA Drilling Ltd. Missed EPS By 40% And Analysts Are Revising Their Forecasts

Nov 08
Earnings Miss: AKITA Drilling Ltd. Missed EPS By 40% And Analysts Are Revising Their Forecasts

Take Care Before Diving Into The Deep End On AKITA Drilling Ltd. (TSE:AKT.A)

Sep 24
Take Care Before Diving Into The Deep End On AKITA Drilling Ltd. (TSE:AKT.A)

AKITA Drilling Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

May 09
AKITA Drilling Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings

Mar 31
We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings

Here's Why AKITA Drilling (TSE:AKT.A) Has A Meaningful Debt Burden

Mar 05
Here's Why AKITA Drilling (TSE:AKT.A) Has A Meaningful Debt Burden

Market Cool On AKITA Drilling Ltd.'s (TSE:AKT.A) Revenues

Jan 25
Market Cool On AKITA Drilling Ltd.'s (TSE:AKT.A) Revenues

The Return Trends At AKITA Drilling (TSE:AKT.A) Look Promising

Nov 08
The Return Trends At AKITA Drilling (TSE:AKT.A) Look Promising

Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?

Jul 12
Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?

We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings

Mar 27
We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings

Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?

Sep 23
Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?

AKITA Drilling (TSE:AKT.A) Has Debt But No Earnings; Should You Worry?

Jun 15
AKITA Drilling (TSE:AKT.A) Has Debt But No Earnings; Should You Worry?

Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?

Nov 04
Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?

Is AKITA Drilling (TSE:AKT.A) Weighed On By Its Debt Load?

Jul 22
Is AKITA Drilling (TSE:AKT.A) Weighed On By Its Debt Load?

Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?

Apr 08
Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?

Is AKITA Drilling (TSE:AKT.A) Using Debt In A Risky Way?

Dec 24
Is AKITA Drilling (TSE:AKT.A) Using Debt In A Risky Way?

Shareholder Returns

AKT.ACA Energy ServicesCA Market
7D-3.1%1.0%-0.5%
1Y13.9%44.0%14.9%

Return vs Industry: AKT.A underperformed the Canadian Energy Services industry which returned 43.3% over the past year.

Return vs Market: AKT.A underperformed the Canadian Market which returned 15.7% over the past year.

Price Volatility

Is AKT.A's price volatile compared to industry and market?
AKT.A volatility
AKT.A Average Weekly Movement4.9%
Energy Services Industry Average Movement5.3%
Market Average Movement8.1%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market2.9%

Stable Share Price: AKT.A has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: AKT.A's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19641,068Colin Deasewww.akita-drilling.com

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. Fundamentals Summary

How do AKITA Drilling's earnings and revenue compare to its market cap?
AKT.A fundamental statistics
Market capCA$65.06m
Earnings (TTM)CA$2.09m
Revenue (TTM)CA$177.79m

29.7x

P/E Ratio

0.3x

P/S Ratio

Is AKT.A overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AKT.A income statement (TTM)
RevenueCA$177.79m
Cost of RevenueCA$137.27m
Gross ProfitCA$40.51m
Other ExpensesCA$38.43m
EarningsCA$2.09m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.053
Gross Margin22.79%
Net Profit Margin1.18%
Debt/Equity Ratio34.7%

How did AKT.A perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 04:33
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

AKITA Drilling Ltd. is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tim MonachelloATB Capital Markets
Michael MazarBMO Capital Markets Equity Research
null nullRBC Capital Markets