AKITA Drilling Ltd.AKT-A.TO

$3.62+0.04 (+1.12%)
TSXEnergy24:00 UTC

Company snapshot

Market Cap
$140M
Micro-cap
+7%
2016 — today
10-Year Price
-50%
2016 — today
52-Week Range
$1.73$4.96
Current $3.62· 59%

AKITA Drilling Ltd. operates as an energy drilling contractor with operations spanning Canada and the United States. The company delivers specialized drilling services, encompassing the creation of oil and natural gas wells, drilling activities pertinent to potash extraction, and the construction of underground storage caverns. AKITA's expertise lies in both conventional drilling methodologies and the utilization of custom-designed and pad-specific drilling rigs. As of December 31, 2021, its fleet comprised 14 fully owned and operated drilling units in Canada, in addition to 8 XDR 500 and 3 XDR 850XE rigs deployed within the United States. Established in 1964, the enterprise maintains its corporate head office in Calgary, Canada.

Valuation in context

P/E ratio
54.2
Near historic high
Near historic highs — last 10 years
P/B ratio
0.8
Near historic high
Near historic highs — last 10 years
EV / EBITDA
6.9
Above average
Pricier than usual over the last 10 years
FCF Yield
9.0%
Above average
Above the 10-year average
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