Akita Drilling (TSE:AKT) Downgraded to “Hold” Rating by Atb Cap Markets

Atb Cap Markets lowered shares of Akita Drilling (TSE:AKT) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports. Atb Cap Markets also issued estimates for Akita Drilling’s FY2025 earnings at $0.32 EPS, Q1 2026 earnings at $0.08 EPS, Q2 2026 earnings at $0.01 EPS, Q3 2026 earnings at $0.05 EPS, Q4 2026 earnings at $0.07 EPS, FY2026 earnings at $0.21 EPS and FY2027 earnings at $0.23 EPS.

Akita Drilling Stock Performance

Akita Drilling has a 12 month low of C$6.52 and a 12 month high of C$9.23.

Akita Drilling Company Profile

AKITA Drilling Ltd. (AKITA) is engaged in providing contract drilling services, primarily to the oil and gas industry. The Company is involved in other forms of drilling, including potash mining and the development of storage caverns. The Company owns and operates approximately 31 drilling rigs in Canada.