ATB Capital Boosts AKITA Drilling (TSE:AKT.A) Price Target to C$3.75

AKITA Drilling (TSE:AKT.AGet Free Report) had its price target upped by stock analysts at ATB Capital from C$2.70 to C$3.75 in a research note issued on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s price objective indicates a potential upside of 156.85% from the company’s current price.

AKITA Drilling Price Performance

Shares of TSE:AKT.A opened at C$1.46 on Tuesday. The company’s fifty day moving average price is C$1.58 and its 200-day moving average price is C$1.49. The company has a debt-to-equity ratio of 45.15, a current ratio of 1.85 and a quick ratio of 1.54. The firm has a market capitalization of C$55.57 million, a price-to-earnings ratio of 2.06, a PEG ratio of -0.69 and a beta of 1.99. AKITA Drilling has a one year low of C$1.08 and a one year high of C$1.99.

About AKITA Drilling

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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.

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