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NYSE:ICD

Independence Contract Drilling Stock Forecast, Price & News

$2.67
+0.04 (+1.52 %)
(As of 09/22/2020 12:00 AM ET)
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Today's Range
$2.62
Now: $2.67
$2.75
50-Day Range
$2.16
MA: $2.83
$3.69
52-Week Range
$1.08
Now: $2.67
$33.60
Volume91,243 shs
Average Volume597,361 shs
Market Capitalization$13.83 million
P/E RatioN/A
Dividend YieldN/A
Beta7.47
Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. The company constructs, owns, and operates a fleet of pad-optimal ShaleDriller rigs that are engineered and designed to optimize the development of various oil and natural gas properties in the Permian Basin and the Haynesville Shale. Its fleet consists of 32 rigs. The company was founded in 2011 and is headquartered in Houston, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.27 out of 5 stars


Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryN/A
CUSIPN/A
Phone281-598-1230

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$203.60 million
Cash Flow$8.09 per share
Book Value$86.99 per share

Profitability

Net Income$-60,790,000.00

Miscellaneous

Employees900
Market Cap$13.83 million
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$2.67
+0.04 (+1.52 %)
(As of 09/22/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Independence Contract Drilling (NYSE:ICD) Frequently Asked Questions

How has Independence Contract Drilling's stock price been impacted by COVID-19 (Coronavirus)?

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. Since then, ICD shares have increased by 968.0% and is now trading at $2.67.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Independence Contract Drilling?

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
.

When is Independence Contract Drilling's next earnings date?

Independence Contract Drilling is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Independence Contract Drilling
.

How were Independence Contract Drilling's earnings last quarter?

Independence Contract Drilling Inc (NYSE:ICD) announced its earnings results on Tuesday, August, 4th. The oil and gas company reported ($2.73) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($3.81) by $1.08. The oil and gas company had revenue of $21.38 million for the quarter, compared to analysts' expectations of $20.60 million. Independence Contract Drilling had a negative net margin of 55.84% and a negative return on equity of 11.38%.
View Independence Contract Drilling's earnings history
.

When did Independence Contract Drilling's stock split? How did Independence Contract Drilling's stock split work?

Independence Contract Drilling's stock reverse split 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 market closes 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.

What price target have analysts set for ICD?

5 brokerages have issued 12 month price objectives for Independence Contract Drilling's shares. Their forecasts range from $7.00 to $20.00. On average, they expect Independence Contract Drilling's stock price to reach $11.67 in the next year. This suggests a possible upside of 337.0% from the stock's current price.
View analysts' price targets for Independence Contract Drilling
.

Are investors shorting Independence Contract Drilling?

Independence Contract Drilling saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 89,100 shares, a drop of 14.1% from the August 15th total of 103,700 shares. Based on an average daily trading volume, of 406,700 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.8% of the company's shares are short sold.
View Independence Contract Drilling's Short Interest
.

Who are some of Independence Contract Drilling's key competitors?

What other stocks do shareholders of Independence Contract Drilling own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Independence Contract Drilling investors own include Callon Petroleum (CPE), Energy Transfer LP Unit (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).

Who are Independence Contract Drilling's key executives?

Independence Contract Drilling's management team includes the following people:
  • Mr. Philip A. Choyce, Exec. VP, CFO, Treasurer & Sec. (Age 52)
  • Mr. Christopher K. Menefee, Sr. VP of Bus. Devel. (Age 42)
  • Mr. John Anthony Gallegos Jr., Director, Pres & CEO (Age 49)
  • Mr. Michael J. Harwell, VP of Fin. & Chief Accounting Officer (Age 50)
  • Mr. Scott A. Keller, VP of Sales & Marketing

What is Independence Contract Drilling's stock symbol?

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

Who are Independence Contract Drilling's major shareholders?

Independence Contract Drilling's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (1.95%), FMR LLC (1.44%), Virtu Financial LLC (1.03%), Bridgeway Capital Management Inc. (0.74%), Bank of Montreal Can (0.52%) and Jane Street Group LLC (0.34%). 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
.

Which institutional investors are selling Independence Contract Drilling stock?

ICD stock was sold by a variety of institutional investors in the last quarter, including Teton Advisors Inc., FMR LLC, and FMR LLC.
View insider buying and selling activity for Independence Contract Drilling
.

Which institutional investors are buying Independence Contract Drilling stock?

ICD stock was acquired by a variety of institutional investors in the last quarter, including Virtu Financial LLC, Bridgeway Capital Management Inc., Bank of Montreal Can, Jane Street Group LLC, and Engineers Gate Manager LP. 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
.

How do I buy shares of 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.

What is Independence Contract Drilling's stock price today?

One share of ICD stock can currently be purchased for approximately $2.67.

How big of a company is Independence Contract Drilling?

Independence Contract Drilling has a market capitalization of $13.83 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.

What is Independence Contract Drilling's official website?

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

How can I contact Independence Contract Drilling?

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]

This page was last updated on 9/23/2020 by MarketBeat.com Staff

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