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S&P 500   3,744.52
DOW   29,926.94
QQQ   279.76
Free Webinar | October 11: How to Break Barriers
Live Updates: Russia-Ukraine War
Don’t Chase American Virtual Cloud Technologies Higher
Box Inc. Stock on Track to Become a Q4 Winner
Is Ford's Revenue Enough to Juice its Stock Price?
US futures retreat on strong hiring, more jobs data on tap
Sweden seizes evidence at Baltic Sea pipeline leak site
S&P 500   3,744.52
DOW   29,926.94
QQQ   279.76
Free Webinar | October 11: How to Break Barriers
Live Updates: Russia-Ukraine War
Don’t Chase American Virtual Cloud Technologies Higher
Box Inc. Stock on Track to Become a Q4 Winner
Is Ford's Revenue Enough to Juice its Stock Price?
US futures retreat on strong hiring, more jobs data on tap
Sweden seizes evidence at Baltic Sea pipeline leak site
S&P 500   3,744.52
DOW   29,926.94
QQQ   279.76
Free Webinar | October 11: How to Break Barriers
Live Updates: Russia-Ukraine War
Don’t Chase American Virtual Cloud Technologies Higher
Box Inc. Stock on Track to Become a Q4 Winner
Is Ford's Revenue Enough to Juice its Stock Price?
US futures retreat on strong hiring, more jobs data on tap
Sweden seizes evidence at Baltic Sea pipeline leak site
NYSE:ICD

Independence Contract Drilling - ICD Stock Forecast, Price & News

$3.42
+0.07 (+2.09%)
(As of 10/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$3.37
$3.49
50-Day Range
$2.83
$3.79
52-Week Range
$2.42
$7.40
Volume
69,261 shs
Average Volume
202,512 shs
Market Capitalization
$46.57 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.00

Independence Contract Drilling MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
104.7% Upside
$7.00 Price Target
Short Interest
Bearish
4.57% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$1.09 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.71 out of 5 stars

Oils/Energy Sector

202nd out of 249 stocks

Drilling Oil & Gas Wells Industry

7th out of 9 stocks

ICD stock logo

About Independence Contract Drilling (NYSE:ICD) Stock

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 in the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale. Its fleet consists of 24 rigs. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.

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ICD Stock News Headlines

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ICD Company Calendar

Last Earnings
8/04/2022
Today
10/07/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
N/A
Employees
500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$7.00
High Stock Price Forecast
$7.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+104.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-66,710,000.00
Pretax Margin
-59.61%

Debt

Sales & Book Value

Annual Sales
$87.96 million
Book Value
$20.42 per share

Miscellaneous

Free Float
13,440,000
Market Cap
$46.57 million
Optionable
Optionable
Beta
5.05

Key Executives

  • Mr. John Anthony Gallegos Jr. (Age 52)
    Pres, CEO & Director
    Comp: $776.27k
  • Mr. Philip A. Choyce (Age 55)
    Exec. VP, CFO, Treasurer & Sec.
    Comp: $490.25k
  • Mr. Scott A. Keller (Age 41)
    Sr. VP of Bus. Devel.
    Comp: $379.61k
  • Mr. Philip A. Dalrymple (Age 43)
    Sr. VP of Operations
  • Ms. Katherine Kokenes (Age 49)
    VP & Chief Accounting Officer
  • Mr. Marc S. Noel
    VP of Sales & Marketing













ICD Stock - Frequently Asked Questions

Should I buy or sell Independence Contract Drilling stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Contract Drilling in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ICD shares.
View ICD analyst ratings
or view top-rated stocks.

What is Independence Contract Drilling's stock price forecast for 2022?

1 equities research analysts have issued 12-month price targets for Independence Contract Drilling's shares. Their ICD share price forecasts range from $7.00 to $7.00. On average, they expect the company's share price to reach $7.00 in the next year. This suggests a possible upside of 104.7% from the stock's current price.
View analysts price targets for ICD
or view top-rated stocks among Wall Street analysts.

How have ICD shares performed in 2022?

Independence Contract Drilling's stock was trading at $3.00 at the beginning of the year. Since then, ICD stock has increased by 14.0% and is now trading at $3.42.
View the best growth stocks for 2022 here
.

When is Independence Contract Drilling's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our ICD earnings forecast
.

How were Independence Contract Drilling's earnings last quarter?

Independence Contract Drilling, Inc. (NYSE:ICD) released its quarterly earnings results on Thursday, August, 4th. The oil and gas company reported ($0.72) earnings per share for the quarter. The oil and gas company earned $42.31 million during the quarter. Independence Contract Drilling had a negative trailing twelve-month return on equity of 24.55% and a negative net margin of 39.10%.

When did Independence Contract Drilling's stock split?

Independence Contract Drilling shares 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 market closes 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.

What is Anthony Gallegos' approval rating as Independence Contract Drilling's CEO?

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.

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 (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).

What is Independence Contract Drilling's stock symbol?

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

How do I buy shares of Independence Contract Drilling?

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.
Compare Top Brokerages Here.

What is Independence Contract Drilling's stock price today?

One share of ICD stock can currently be purchased for approximately $3.42.

How much money does Independence Contract Drilling make?

Independence Contract Drilling (NYSE:ICD) has a market capitalization of $46.57 million and generates $87.96 million in revenue each year. The oil and gas company earns $-66,710,000.00 in net income (profit) each year or ($5.11) on an earnings per share basis.

How many employees does Independence Contract Drilling have?

The company employs 500 workers across the globe.

How can I contact Independence Contract Drilling?

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.

This page (NYSE:ICD) was last updated on 10/7/2022 by MarketBeat.com Staff

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