Independence Contract Drilling Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Contract Drilling in the last year. There are currently 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Independence Contract Drilling stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ICD, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Independence Contract Drilling a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Independence Contract Drilling wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Independence Contract Drilling saw a increase in short interest during the month of February. As of February 12th, there was short interest totaling 189,400 shares, an increase of 70.2% from the January 28th total of 111,300 shares. Based on an average daily trading volume, of 347,700 shares, the short-interest ratio is currently 0.5 days. Currently, 3.2% of the shares of the stock are sold short.
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Independence Contract Drilling is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Independence Contract Drilling.

Independence Contract Drilling, Inc. (NYSE:ICD) released its quarterly earnings data on Tuesday, February, 23rd. The oil and gas company reported ($2.65) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($2.56) by $0.09. Independence Contract Drilling had a negative net margin of 76.74% and a negative trailing twelve-month return on equity of 14.59%.
View Independence Contract Drilling's earnings history.

Independence Contract Drilling's stock was trading at $0.25 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ICD shares have increased by 2,000.0% and is now trading at $5.25.
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Shares of Independence Contract Drilling reverse split on the morning of Thursday, March 12th 2020. The 1-20 reverse split was announced on Friday, February 28th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, March 11th 2020. An investor that had 100 shares of Independence Contract Drilling stock prior to the reverse split would have 5 shares after the split.

5 brokers have issued 12 month price objectives for Independence Contract Drilling's stock. Their forecasts range from $7.00 to $8.00. On average, they anticipate Independence Contract Drilling's stock price to reach $7.50 in the next year. This suggests a possible upside of 42.9% from the stock's current price.
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2 employees have rated Independence Contract Drilling CEO Anthony Gallegos on Glassdoor.com. Anthony Gallegos has an approval rating of 100% among Independence Contract Drilling's employees. This puts Anthony Gallegos in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Independence Contract Drilling include Western Energy Services (WEEEF), Seadrill (SDRLF), Diamond Offshore Drilling (DOFSQ), InPlay Oil (IPOOF), Petroteq Energy (PQEFF), Valaris (VALPQ), Noble (NEBLQ), Sauer Energy (SENY), Infinity Energy Resources (IFNY), Parker Drilling (PKDC), Erin Energy (ERINQ), Seadrill Partners (SDLPF), Pacific Drilling (PACDQ), Onyx (ONXC) and Pioneer Energy Services (PESXQ).
View all of ICD's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Independence Contract Drilling investors own include Callon Petroleum (CPE), Energy Transfer (ET), (OAS), Rosehill Resources (ROSE), Exxon Mobil (XOM), Advanced Micro Devices (AMD), Abraxas Petroleum (AXAS), Denbury Resources (DNR), Genocea Biosciences (GNCA) and MEI Pharma (MEIP).

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

Independence Contract Drilling's stock is owned by a variety of institutional and retail investors. Top institutional investors include Squarepoint Ops LLC (0.41%), GSA Capital Partners LLP (0.35%) and Renaissance Technologies LLC (0.22%). Company insiders that own Independence Contract Drilling stock include Credit Opportunity Master Msd, James Minmier, John A Jr Gallegos, Matthew D Fitzgerald, Msd Capital L P, Msd Partners, LP, Philip A Choyce, Thomas R Bates Jr and Travis Fitts.
View institutional ownership trends for Independence Contract Drilling.

ICD stock was bought by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, Renaissance Technologies LLC, and Squarepoint Ops LLC. Company insiders that have bought Independence Contract Drilling stock in the last two years include Credit Opportunity Master Msd, James Minmier, John A Jr Gallegos, Msd Partners, LP, Philip A Choyce, Thomas R Bates Jr, and Travis Fitts.
View insider buying and selling activity for Independence Contract Drilling or or view top insider-buying stocks.

Shares of ICD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ICD stock can currently be purchased for approximately $5.25.

Independence Contract Drilling has a market capitalization of $32.42 million and generates $203.60 million in revenue each year. The oil and gas company earns $-60,790,000.00 in net income (profit) each year or ($4.80) on an earnings per share basis.

Independence Contract Drilling employs 650 workers across the globe.

The official website for Independence Contract Drilling is www.icdrilling.com.

Independence Contract Drilling is headquartered at 20475 STATE HIGHWAY 249 SUITE 300, HOUSTON TX, 77070.

Independence Contract Drilling's mailing address is 20475 STATE HIGHWAY 249 SUITE 300, HOUSTON TX, 77070. The oil and gas company can be reached via phone at 281-598-1230 or via email at [email protected]