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Home CompaniesAKITA Drilling Ltd

AKITA Drilling Ltd

Energy Oil & Gas Drilling
PortfolioPortfolio WatchlistWatchlist
Company price
None CAD 0.00(0%)
Last update at 2026-11-04T21:03:57.826566Z
Market Cap
56.62M
P/E
1.99

Momentum Score

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AKITA Drilling Ltd. operates as an oil and gas drilling contractor in Canada and the United States. It is involved in the drilling oil and gas wells, potash exploration and development wells, geothermal wells, disposal wells, and carbon storage wells, as well as wells to be developed into storage caverns for gas. The company was founded in 1964 and is headquartered in Calgary, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

52 Week Price Range
1.08
Low
2.05
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

AKITA Drilling Ltd is a Canadian-based oilfield services company that provides contract drilling and well-servicing to oil and gas producers. Long-term growth may be driven by energy-sector activity and higher commodity prices that support increased drilling, alongside demand for efficiency and environmental improvements in drilling operations that could support modernization of fleets.

Key investment risks include sensitivity to commodity-price swings and drilling-cycle cyclicality, operational and safety risks inherent in onshore drilling, and exposure to regulatory, environmental and capital-intensity pressures that could constrain cash flow.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
-
Dividend Yield
-
Revenue TTM
237.69M
Revenue Per Share
6.00
Gross Profit TTM
49.11M
Debt / Equity
0.69
ROE
19.86%
Net Debt
82.00M
ROCE
4.32%
Diluted EPS TTM
0.71

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 3.54M -21.78M -102.70M -24.68M -12.29M
Net income 4.29M -20.99M -93.27M -19.88M -15.94M
Selling general administrative 14.54M 12.21M 12.69M 36.24M 22.61M
Gross profit 18.85M -8.59M -4.87M 17.54M 91.75M
Reconciled depreciation 30.26M 28.84M 32.68M 36.76M 26.61M
Ebit 10.28M -18.25M -16.91M -17.16M -10.17M
Ebitda 40.54M 10.58M 15.77M 19.61M 16.45M
Depreciation and amortization 30.26M 28.84M 32.68M 36.76M 26.61M
Operating income 10.28M -18.25M -16.91M -17.16M -17.44M
Other operating expenses 196.69M 130.89M 137.22M 194.59M 135.80M
Interest expense 6.54M 3.55M 5.64M 6.77M 2.12M
Tax provision -0.75M -0.79M -9.43M -4.80M 3.65M
Interest income 0.04M 0.01M 0.04M 0.02M 0.08M
Net interest income -6.74M -3.55M -5.60M -6.75M -2.04M
Income tax expense -0.75M -0.79M -9.43M -4.80M 3.65M
Total revenue 201.00M 110.09M 119.66M 175.89M 118.36M
Total operating expenses 14.54M 12.21M 12.69M 36.24M 109.19M
Cost of revenue 182.15M 118.67M 124.54M 158.35M 26.61M
Total other income expense net -6.74M -3.53M -85.79M -7.52M 7.19M
Net income from continuing ops 4.29M -20.99M -93.27M -19.88M -15.94M
Net income applicable to common shares 4.29M -20.99M -93.27M -19.88M -15.94M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 268.28M 247.57M 251.52M 369.12M 403.64M
Other current assets 1.60M 1.22M 1.83M 1.96M 2.45M
Total liab 130.43M 116.09M 99.25M 123.98M 131.91M
Total stockholder equity 137.85M 131.49M 152.27M 245.13M 271.73M
Other current liab 17.22M 13.76M 13.00M 30.85M 22.78M
Common stock 146.31M 146.26M 146.26M 146.26M 146.26M
Capital stock 146.31M 146.26M 146.26M 146.26M 146.26M
Retained earnings -15.91M -20.20M 0.79M 94.07M 120.68M
Other liab 5.46M 6.59M 7.65M 16.70M 21.36M
Other assets 1.55M 1.68M 1.78M 1.96M 1.23M
Cash 13.31M 1.77M 7.11M -3.86M 1.50M
Total current liabilities 30.66M 23.72M 15.39M 30.08M 36.44M
Current deferred revenue 0.21M 0.28M 0.42M 0.46M 0.37M
Net debt 82.00M 86.70M 70.16M 91.73M 82.00M
Short term debt 0.99M 2.69M 1.05M 10.67M 9.39M
Short long term debt - 1.72M - 9.32M 8.83M
Short long term debt total 95.31M 88.47M 77.27M 87.88M 83.50M
Other stockholder equity 5.69M 5.45M 5.20M 5.01M 4.70M
Property plant equipment 202.06M 213.30M 224.78M 331.28M 350.35M
Total current assets 61.78M 30.22M 24.07M 34.23M 47.61M
Long term investments 2.89M 2.38M 0.89M 1.65M 4.46M
Net tangible assets 137.85M 131.49M 152.27M 245.13M 271.73M
Net receivables 46.87M 27.23M 15.13M 32.27M 43.26M
Long term debt 93.51M 84.44M 74.30M 74.70M 74.11M
Inventory - - - 0.00M 0.39M
Accounts payable 12.24M 6.99M 7.42M 3.52M 3.90M
Accumulated other comprehensive income 1.76M -0.04M 0.01M -0.21M 0.09M
Non currrent assets other 1.55M 1.68M 1.78M 1.96M 1.23M
Non current assets total 206.50M 217.35M 227.45M 334.88M 356.03M
Capital lease obligations 1.79M 2.31M 2.97M 3.86M 0.56M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -13.60M 0.49M 1.41M 3.94M 5.81M
Change to liabilities 0.00M 0.00M 0.00M 0.00M 0.00M
Total cashflows from investing activities -13.60M -11.80M -4.98M -11.79M -50.89M
Net borrowings 6.21M 10.39M -11.14M -0.85M 68.88M
Total cash from financing activities 5.97M 10.20M -11.30M -11.26M 60.11M
Change to operating activities -10.23M -8.87M 12.97M 9.31M -19.50M
Net income 4.29M -20.99M -93.27M -19.88M -15.94M
Change in cash 11.54M -5.33M 7.11M -1.50M 0.94M
Begin period cash flow 1.77M 7.11M 0.00M 1.50M 0.56M
End period cash flow 13.31M 1.77M 7.11M 0.00M 1.50M
Total cash from operating activities 18.20M -3.46M 22.86M 21.56M -8.49M
Depreciation 30.26M 28.84M 32.68M 36.76M 26.61M
Other cashflows from investing activities -1.19M 3.85M -0.94M -2.31M 4.14M
Dividends paid - - 0.00M 10.10M 7.94M
Other cashflows from financing activities 7.04M 11.53M -10.12M 1.02M 68.05M
Change to netincome -6.12M -2.44M 70.48M -4.64M 0.33M
Capital expenditures 17.98M 16.42M 7.59M 15.24M 17.55M
Change in working capital -10.23M -8.87M 13.25M 9.31M -17.55M
Stock based compensation 0.25M 0.26M 0.05M 0.12M 0.23M
Other non cash items -5.62M -1.91M 79.46M 0.12M -5.36M
Free cash flow 0.22M -19.88M 15.27M 6.32M -26.04M

Peer Comparison*

Sector: Energy Industry: Oil & Gas Drilling

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
PD
Precision Drilling Corporation		 -7.79
5.77%		 127.19 840.29 17.27 0.83 0.93 1.15 4.95
ESI
Ensign Energy Services Inc		 -0.34
8.17%		 3.82 - 64.94 0.38 0.47 0.95 4.03
PHX
PHX Energy Services Corporation		 -1.72
13.56%		 10.96 10.07 11.12 0.73 2.20 0.76 4.20
ACX
ACT Energy Technologies Ltd.		 -0.82
9.68%		 7.65 8.54 4.70 0.43 0.81 0.59 4.18

Profile*

AKITA Drilling Ltd

AKITA Drilling Ltd. operates as an oil and gas drilling contractor in Canada and the United States. It is involved in the drilling oil and gas wells, potash exploration and development wells, geothermal wells, disposal wells, and carbon storage wells, as well as wells to be developed into storage caverns for gas. The company was founded in 1964 and is headquartered in Calgary, Canada.

1000, 333 ? 7th Avenue S.W., Calgary, AB, Canada, T2P 2Z1

403 292 7979

https://www.akita-drilling.com

1067

Name Title Year Born
Ms. Linda A. Southern-Heathcott ICD.D Exec. Chair & CEO 1963
Mr. Colin A. Dease Pres & COO 1975
Mr. Darcy Reynolds C.A., CPA VP of Fin. & CFO 1976
Mr. Lorne A. Thompson VP of Technical Operations 1970
Mr. Fred O. Hensel VP of Canadian Operations 1961

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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