AKITA Drilling Ltd (AKT.A), the Utilities sector company, has received a rating update from a Wall Street analyst on March 10. AltaCorp Captial’s analyst Tim Monachello upgraded AKT.A to Buy on March 10 , with a C$5.50 price target.
According to TipRanks.com, Monachello is ranked #4972 out of 5218 analysts.
Currently, the analyst consensus on AKITA Drilling Ltd is a Hold with an average price target of C$4.50.
AKITA Drilling Ltd’s market cap is currently C$147.3M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.53.
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 Monday at C$3.72, close to its 52-week low of C$3.07.
