AKITA Drilling (TSE:AKT.A) Price Target Lowered to C$2.25 at ATB Capital

AKITA Drilling (TSE:AKT.A) had its price objective cut by analysts at ATB Capital from C$2.50 to C$2.25 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Capital’s target price suggests a potential upside of 12.50% from the stock’s current price.

AKITA Drilling Stock Up 0.5%

AKITA Drilling stock traded up C$0.01 during trading on Friday, reaching C$2.00. The stock had a trading volume of 14,044 shares, compared to its average volume of 29,630. The stock has a market cap of C$79.30 million, a PE ratio of 3.64, a P/E/G ratio of -0.69 and a beta of 1.16. AKITA Drilling has a 52-week low of C$1.38 and a 52-week high of C$2.46. The company has a quick ratio of 1.54, a current ratio of 1.69 and a debt-to-equity ratio of 33.94. The business has a 50 day moving average price of C$1.99 and a 200 day moving average price of C$2.09.

About AKITA Drilling

Akita Drilling Ltd is a Canadian oil and gas drilling contractor. The company is engaged in providing contract drilling services, primarily to the oil and gas industry. The company owns and operates over 30 drilling rigs It is also involved in the drilling related to potash mining and the development of storage caverns.