AKITA Drilling (TSE:AKT.A) PT Raised to C$3.75

AKITA Drilling (TSE:AKT.A) had its price objective lifted by research analysts at ATB Capital from C$2.70 to C$3.75 in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price objective would suggest a potential upside of 156.85% from the stock’s previous close.

AKITA Drilling Trading Down 3.3 %

AKT.A opened at C$1.46 on Tuesday. AKITA Drilling has a 1-year low of C$1.08 and a 1-year high of C$1.99. The firm has a 50-day moving average price of C$1.58 and a two-hundred day moving average price of C$1.49. The stock has a market capitalization of C$55.57 million, a PE ratio of 2.06, a PEG ratio of -0.69 and a beta of 1.99. The company has a current ratio of 1.85, a quick ratio of 1.54 and a debt-to-equity ratio of 45.15.

About AKITA Drilling

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.