Independence Contract Drilling - ICD Stock Forecast, Price & News

Independence Contract Drilling's stock was trading at $3.27 at the beginning of the year. Since then, ICD stock has decreased by 8.6% and is now trading at $2.99.
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Independence Contract Drilling saw a drop in short interest during the month of February. As of February 15th, there was short interest totaling 518,600 shares, a drop of 8.0% from the January 31st total of 563,700 shares. Based on an average trading volume of 163,800 shares, the days-to-cover ratio is presently 3.2 days. Currently, 4.1% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Independence Contract Drilling, Inc. (NYSE:ICD) issued its quarterly earnings data on Monday, November, 1st. The oil and gas company reported ($1.87) earnings per share for the quarter, missing the consensus estimate of ($1.86) by $0.01. The oil and gas company earned $24.04 million during the quarter. Independence Contract Drilling had a negative net margin of 10.03% and a negative trailing twelve-month return on equity of 13.08%.

Shares of Independence Contract Drilling reverse split before market open on 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 stock prior to the reverse split would have 5 shares after the split.

2 employees have rated Independence Contract Drilling Chief Executive Officer Anthony Gallegos on Glassdoor.com. Anthony Gallegos has an approval rating of 100% among the company's employees. This puts Anthony Gallegos in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Independence Contract Drilling investors own include Callon Petroleum (CPE), Energy Transfer (ET), Oasis Petroleum (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 many different institutional and retail investors. Top institutional investors include MSD Partners L.P. (9.84%), Tejara Capital Ltd (1.49%), Dimensional Fund Advisors LP (1.44%), Millennium Management LLC (1.26%), Renaissance Technologies LLC (1.21%) and Two Sigma Investments LP (1.07%). Insiders that own company stock include Credit Opportunity Master Msd, Daniel F Mcnease, James Minmier, Msd Capital L P, Msd Partners, LP and William Monroe.
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Shares of ICD stock 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 $2.99.

Independence Contract Drilling (NYSE:ICD) has a market capitalization of $40.78 million and generates $186.71 million in revenue each year. The oil and gas company earns $-65,320,000.00 in net income (profit) each year or ($1.62) on an earnings per share basis.

The company employs 500 workers across the globe.

Independence Contract Drilling's mailing address is 20475 STATE HIGHWAY 249 SUITE 300, HOUSTON TX, 77070. The official website for the company is www.icdrilling.com. The oil and gas company can be reached via phone at (281) 598-1230, via email at investor.relations@icdrilling.com, or via fax at 832-645-0302.