Independence Contract Drilling (NYSE:ICD) is scheduled to announce its earnings results before the market opens on Monday, February 26th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter.
Shares of Independence Contract Drilling (ICD) opened at $4.21 on Monday. Independence Contract Drilling has a 52 week low of $2.72 and a 52 week high of $6.32. The company has a current ratio of 2.01, a quick ratio of 1.84 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $159.90, a P/E ratio of -5.40 and a beta of 2.85.
Several equities research analysts have commented on ICD shares. Cowen set a $6.00 price objective on Independence Contract Drilling and gave the stock a “buy” rating in a research note on Thursday, January 11th. B. Riley set a $8.00 price objective on Independence Contract Drilling and gave the stock a “buy” rating in a research note on Monday, February 12th. Royal Bank of Canada set a $5.00 price target on Independence Contract Drilling and gave the company a “buy” rating in a research report on Thursday, December 21st. FBR & Co restated a “buy” rating on shares of Independence Contract Drilling in a research report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded Independence Contract Drilling from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $6.00.
About Independence Contract Drilling
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 ShaleDriller rigs to optimize the development of various oil and gas properties in the Permian Basin. As of December 31, 2016, it had 12 rigs.
Receive News & Ratings for Independence Contract Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Independence Contract Drilling and related companies with MarketBeat.com's FREE daily email newsletter.