AKITA Drilling (TSE:AKT.A) Price Target Cut to C$3.25 by Analysts at ATB Capital

AKITA Drilling (TSE:AKT.A) had its price objective trimmed by ATB Capital from C$3.75 to C$3.25 in a research note issued to investors on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

AKITA Drilling Trading Up 1.5 %

TSE:AKT.A opened at C$1.34 on Friday. The company has a market cap of C$51.03 million, a PE ratio of 4.62, a P/E/G ratio of -0.69 and a beta of 1.99. The business’s 50 day moving average is C$1.42 and its two-hundred day moving average is C$1.47. The company has a quick ratio of 1.54, a current ratio of 2.48 and a debt-to-equity ratio of 44.24. AKITA Drilling has a 52 week low of C$1.22 and a 52 week high of C$1.99.

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.