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Last C$9.15 CAD
Change Today +0.20 / 2.23%
Volume 1.1K
AKT/A On Other Exchanges
Symbol
Exchange
OTC US
Toronto
Toronto
As of 3:59 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

akita drilling ltd-cl a (AKT/A) Snapshot

Open
C$9.14
Previous Close
C$8.95
Day High
C$9.15
Day Low
C$9.14
52 Week High
08/12/14 - C$16.89
52 Week Low
07/21/15 - C$8.52
Market Cap
164.2M
Average Volume 10 Days
1.5K
EPS TTM
C$0.63
Shares Outstanding
16.3M
EX-Date
09/15/15
P/E TM
14.6x
Dividend
C$0.34
Dividend Yield
3.72%
Current Stock Chart for AKITA DRILLING LTD-CL A (AKT/A)

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akita drilling ltd-cl a (AKT/A) Details

AKITA Drilling Ltd. provides contract drilling services to independent and multinational oil and gas companies and potash producers in Canada. The company specializes in pad and other purpose-built drilling rigs, including self-moving pad rigs; and directional, horizontal, and under balanced drilling. As of December 31, 2014, it owned and operated 35 drilling rigs. The company was founded in 1964 and is headquartered in Calgary, Canada.

768 Employees
Last Reported Date: 03/25/15
Founded in 1964

akita drilling ltd-cl a (AKT/A) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$512.5K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$283.3K
Vice President of Operations
Total Annual Compensation: C$266.3K
Vice President of Technical Operations
Total Annual Compensation: C$164.8K
Corporate Secretary
Total Annual Compensation: C$165.0K
Compensation as of Fiscal Year 2014.

akita drilling ltd-cl a (AKT/A) Key Developments

AKITA Drilling Ltd. Approves Ordinary Cash Dividend on the Outstanding Class A Non-Voting and Class B Common Shares, Payable on July 2, 2015

AKITA Drilling Ltd.'s board of directors approved an ordinary cash dividend of eight and one half cents ($0.085) per share on the Outstanding Class A Non-Voting and Class B Common shares of the Corporation for payment on July 2, 2015 to shareholders of record at the close of business June 18, 2015.

AKITA Drilling Ltd. expected to report Q2 2015 results on July 29, 2015. This event was calculated by Capital IQ (Created on May 2, 2015).

AKITA Drilling Ltd. expected to report Q2 2015 results on July 29, 2015. This event was calculated by Capital IQ (Created on May 2, 2015).

AKITA Drilling Ltd. Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2014

AKITA Drilling Ltd. reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the period, the company's net income for the period attributable to shareholders was $4,218,000 or $0.23 per share diluted on revenue of $46,715,000 compared to $10,150,000 or $0.56 per share diluted on revenue of $54,342,000 for the corresponding period in 2014. Income before income taxes was $5,935,000 against $13,426,000 a year ago. Funds flow from operations for the quarter ended March 31, 2015 was $14,059,000 compared to $17,665,000 in the corresponding quarter in 2014. Net cash from operating activities was $6,015,000 against $5,127,000 a year ago. Capital expenditures were $5,017,000 against $18,064,000 a year ago. Adjusted revenue decreased to $59,502,000 against $71,867,000 a year ago. The company achieved 1,635 operating days in the first quarter of 2015 compared to 2,112 operating days in the first quarter of 2014. Conventional rig activity declined 60% from the first quarter of 2014 which was partially offset by a 9% increase in pad rig activity. Overall, the 23% decline in operating days compared to the first quarter of 2014 had a significant impact on AKITA's financial performance in the first quarter of 2015. The lower activity level resulted in less revenue and ultimately lower net earnings and funds flow from operations. In addition to fewer operating days, the Company also experienced significant pressure on day rates throughout its operations when compared to the first quarter of 2014. However, the effect of downward day rate pressure was mitigated by the utilization of more pad rigs in the first quarter of 2015, which command higher day rates than the mix of rigs utilized in the first quarter of 2014.

 

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AKT/A:CN C$9.15 CAD +0.20

AKT/A Competitors

Market data is delayed at least 15 minutes.

Company Last Change
CanElson Drilling Inc C$3.68 CAD +0.14
Savanna Energy Services Corp C$1.08 CAD +0.03
Trinidad Drilling Ltd C$3.26 CAD +0.11
Western Energy Services Corp C$5.88 CAD +0.13
Xtreme Drilling & Coil Services Corp C$2.60 CAD +0.26
View Industry Companies
 

Industry Analysis

AKT/A

Industry Average

Valuation AKT/A Industry Range
Price/Earnings 13.9x
Price/Sales 1.0x
Price/Book 0.6x
Price/Cash Flow 3.2x
TEV/Sales 0.9x
 | 

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