NYSE:ICD - Independence Contract Drilling Stock Price, Price Target & More

Independence Contract Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "ICD."

Independence Contract Drilling Inc (NYSE:ICD) posted its quarterly earnings results on Thursday, April, 26th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.12) by $0.01. The oil and gas company had revenue of $25.63 million for the quarter, compared to analysts' expectations of $24.80 million. Independence Contract Drilling had a negative return on equity of 7.97% and a negative net margin of 23.25%. View Independence Contract Drilling's Earnings History.

Independence Contract Drilling is scheduled to release their next quarterly earnings announcement on Wednesday, July, 25th 2018. View Earnings Estimates for Independence Contract Drilling.

4 brokers have issued twelve-month target prices for Independence Contract Drilling's shares. Their predictions range from $6.00 to $8.00. On average, they expect Independence Contract Drilling's stock price to reach $6.6667 in the next year. This suggests a possible upside of 67.9% from the stock's current price. View Analyst Ratings for Independence Contract Drilling.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Contract Drilling in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Independence Contract Drilling include Oasis Midstream Partners (OMP), Pioneer Energy Services (PES), Key Energy Services (KEG), Seadrill Partners (SDLP), Petroteq Energy (PQEFF), Western Energy Services (WEEEF), Parker Drilling (PKD), Pacific Drilling (PACDQ), Sauer Energy (SENY), Vantage Drilling (VTGDF), N Atl DRILLING/SH NEW (NADLQ) and Infinity Energy Resources (IFNY).

Media coverage about ICD stock has trended somewhat positive on Friday, according to Accern Sentiment. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Independence Contract Drilling earned a coverage optimism score of 0.11 on Accern's scale. They also gave media headlines about the oil and gas company an impact score of 45.43 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Shares of ICD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of ICD stock can currently be purchased for approximately $3.97.

Independence Contract Drilling has a market capitalization of $154.30 million and generates $90.01 million in revenue each year. The oil and gas company earns $-24,290,000.00 in net income (profit) each year or ($0.53) on an earnings per share basis. Independence Contract Drilling employs 390 workers across the globe.

Independence Contract Drilling's mailing address is 11601 NORTH GALAYDA STREET, HOUSTON TX, 77086. The oil and gas company can be reached via phone at 281-598-1230 or via email at [email protected]