AKITA Drilling Ltd (TSE:AKT.A)
TSX:AKT.A
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AKITA Drilling Ltd
(TSX:AKT.A)
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Rating:77Outperform
Price Target:
C$5.00
▲(142.72% Upside)
Action:ReiteratedDate:04/30/26
The score is driven primarily by improved financial strength (profitability recovery, meaningfully lower leverage, and stronger 2025 cash flow) and a strong uptrend across key moving averages. A low P/E supports valuation, while recent revenue declines and cash-flow cyclicality/volatility temper the overall rating.
Positive Factors
Improved leverage / stronger balance sheet
A much lower debt-to-equity (~0.20 in 2025) materially reduces financial risk and interest burden, improving resilience through commodity downturns. This stronger balance sheet gives management durable flexibility for capex, fleet upkeep, opportunistic investment, or continued deleveraging.
Negative Factors
Recent revenue declines
Falling revenue across consecutive years reduces fleet utilization and pricing leverage, undermining operating scale. Persistent top-line weakness constrains margin recovery and limits sustainable free cash flow, making long-term earnings durability more uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage / stronger balance sheet
A much lower debt-to-equity (~0.20 in 2025) materially reduces financial risk and interest burden, improving resilience through commodity downturns. This stronger balance sheet gives management durable flexibility for capex, fleet upkeep, opportunistic investment, or continued deleveraging.
Read all positive factors
AKITA Drilling Ltd (AKT.A) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$165.65M
Dividend YieldN/A
Average Volume (3M)29.00K
Price to Earnings (P/E)5.8
Beta (1Y)-0.09
Revenue Growth3.92%
EPS Growth8.25%
CountryCA
Employees1,064
SectorEnergy
Sector Strength52
IndustryOil & Gas Drilling
Share Statistics
EPS (TTM)N/A
Shares Outstanding36,883,987
10 Day Avg. Volume20,947
30 Day Avg. Volume28,997
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)0.44
Price to Sales (P/S)0.40
P/FCF Ratio3.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.12
Revenue Forecast (FY)C$222.00M
AKITA Drilling Ltd Business Overview & Revenue Model
Company Description
AKITA Drilling Ltd. is an oil and gas drilling contractor in Canada and the United States. It provides contract drilling services to the oil and gas industry. The company is involved in the drilling of oil and gas wells; other forms of drilling re...
How the Company Makes Money
AKITA Drilling primarily makes money by contracting its drilling rigs and crews to exploration and production (E&P) companies on a day-rate or other contract basis to drill oil and gas wells. Revenue is generated from (1) rig operating days billed...
AKITA Drilling Ltd Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 200.90M | 193.32M | 225.48M | 201.00M | 110.09M |
| Gross Profit | 24.25M | 21.68M | 29.94M | 18.85M | -8.59M |
| EBITDA | 35.95M | 48.26M | 53.99M | 34.63M | 8.63M |
| Net Income | 13.92M | 12.86M | 18.41M | 4.29M | -20.99M |
Balance Sheet | |||||
| Total Assets | 251.97M | 268.76M | 263.64M | 268.28M | 247.57M |
| Cash, Cash Equivalents and Short-Term Investments | 8.87M | 7.03M | 11.19M | 13.31M | 1.77M |
| Total Debt | 36.33M | 51.65M | 70.42M | 95.31M | 88.47M |
| Total Liabilities | 68.81M | 97.26M | 107.68M | 130.43M | 116.09M |
| Stockholders Equity | 183.16M | 171.51M | 155.96M | 137.85M | 131.49M |
Cash Flow | |||||
| Free Cash Flow | 23.50M | 2.22M | 10.97M | 216.00K | -19.88M |
| Operating Cash Flow | 55.11M | 30.26M | 35.57M | 18.20M | -3.46M |
| Investing Cash Flow | -35.50M | -14.09M | -11.99M | -13.60M | -11.80M |
| Financing Cash Flow | -17.35M | -20.97M | -25.16M | 5.97M | 10.20M |
AKITA Drilling Ltd Technical Analysis
Neutral
2.06
Price Trends
3.07
Positive
2.53
Positive
2.30
Positive
Market Momentum
0.14
Positive
45.45
Neutral
10.04
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AKT.A, the sentiment is Neutral. The current price of 2.06 is below the 20-day moving average (MA) of 3.72, below the 50-day MA of 3.07, and below the 200-day MA of 2.30, indicating a neutral trend. The MACD of 0.14 indicates Positive momentum. The RSI at 45.45 is Neutral, neither overbought nor oversold. The STOCH value of 10.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:AKT.A.
AKITA Drilling Ltd Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$165.65M | 5.79 | 7.65% | ― | 3.92% | 8.25% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | C$43.17M | 6.42 | 4.33% | ― | -13.00% | -23.48% | |
63 Neutral | C$1.64B | 712.96 | 0.11% | ― | -3.08% | -100.09% | |
59 Neutral | C$99.50M | -2.72 | -2.38% | ― | -11.45% | -314.67% | |
56 Neutral | C$705.65M | -12.07 | -2.94% | ― | -2.69% | -87.05% | |
54 Neutral | C$10.67M | 29.86 | -0.93% | ― | -58.25% | -98.77% |
* Energy Sector Average
TSE:AKT.A
AKITA Drilling Ltd
4.30
2.66
162.20%
TSE:PD
Precision Drilling
126.70
67.23
113.05%
TSE:ESI
Ensign Energy Services
3.83
1.98
107.03%
TSE:SDI
Stampede Drilling Inc
0.22
0.08
57.14%
TSE:WRG
Western Energy Services
2.94
0.79
36.74%
TSE:HWO
High Arctic Energy Services
0.84
0.04
5.00%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.