NYSE:ICDIndependence Contract Drilling Stock Price, Forecast & News

Independence Contract Drilling's stock was trading at $0.25 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ICD shares have increased by 2,440.0% and is now trading at $6.35. View which stocks have been most impacted by Coronavirus.

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, resulting in a consensus recommendation of "Hold." View analyst ratings for Independence Contract Drilling.

Independence Contract Drilling is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Independence Contract Drilling.

Independence Contract Drilling Inc (NYSE:ICD) posted its quarterly earnings results on Thursday, May, 7th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.88) by $0.06. The oil and gas company had revenue of $38.49 million for the quarter, compared to analysts' expectations of $34.50 million. Independence Contract Drilling had a negative return on equity of 9.16% and a negative net margin of 47.67%. View Independence Contract Drilling's earnings history.

Independence Contract Drilling shares 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 equities research analysts have issued 12-month price targets for Independence Contract Drilling's stock. Their forecasts range from $8.00 to $40.00. On average, they anticipate Independence Contract Drilling's share price to reach $22.67 in the next twelve months. This suggests a possible upside of 257.0% from the stock's current price. View analysts' price targets for Independence Contract Drilling.

Press coverage about ICD stock has been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Independence Contract Drilling earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave headlines about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutIndependence Contract Drilling.

Independence Contract Drilling saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 434,400 shares, a decrease of 50.2% from the April 30th total of 872,200 shares. Based on an average daily volume of 1,170,000 shares, the short-interest ratio is presently 0.4 days. Approximately 12.6% of the shares of the company are sold short. View Independence Contract Drilling's Current Options Chain.

Some companies that are related to Independence Contract Drilling include Noble (NE), Pacific Drilling (PACD), Western Energy Services (WEEEF), Seadrill Partners (SDLP), InPlay Oil (IPOOF), Petroteq Energy (PQEFF), Pioneer Energy Services (PESXQ), Pacific Drilling (PACDQ), Sauer Energy (SENY), Infinity Energy Resources (IFNY) and Vantage Drilling (VTGDF). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Independence Contract Drilling investors own include Callon Petroleum (CPE), Gold Standard Ventures (GSV), Gold Standard Ventures (GSV), Exxon Mobil (XOM), Amplify Energy (AMPY), Amplify Energy (AMPY), Energy Transfer LP Unit (ET), Ring Energy (REI), Ring Energy (REI) and Rosehill Resources (ROSE).

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 shareholders include MSD Partners L.P. (24.66%), BlackRock Inc. (3.75%), State Street Corp (1.71%), Northwestern Mutual Investment Management Company LLC (1.09%) and Teton Advisors Inc. (0.65%). Company insiders that own Independence Contract Drilling stock include Credit Opportunity Master Msd, James Minmier, John A Jr Gallegos, Matthew D Fitzgerald, Msd Partners, LP, Philip A Choyce, Thomas R Bates Jr and Travis Fitts. View institutional ownership trends for Independence Contract Drilling.

ICD stock was sold by a variety of institutional investors in the last quarter, including MSD Partners L.P., BlackRock Inc., Northwestern Mutual Investment Management Company LLC, State Street Corp, and Teton Advisors Inc.. View insider buying and selling activity for Independence Contract Drilling.

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, Robinhood, Fidelity, and Charles Schwab.

One share of ICD stock can currently be purchased for approximately $6.35.

Independence Contract Drilling has a market capitalization of $24.23 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 900 workers across the globe.

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

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]