AKITA Drilling Ltd (AKT.A), the Utilities sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. Analyst Tim Monachello from AltaCorp Captial remains neutral on the stock and has a C$4.50 price target.
According to TipRanks.com, Monachello is ranked #4834 out of 5126 analysts.
AKITA Drilling Ltd has an analyst consensus of Hold, with a price target consensus of C$5.63.
Based on AKITA Drilling Ltd’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$5.46 million. In comparison, last year the company had a GAAP net loss of C$25.9 million.
Akita Drilling Ltd. engages in the drilling solutions in the field of oil and natural gas. It specializes in the construction and retrofit of heavy oil pad drilling rigs associated Steam Assisted Gravity Drainage operations.
The company’s shares closed on Tuesday at C$3.41, close to its 52-week low of C$3.39.
