Media stories about Independence Contract Drilling (NYSE:ICD) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Independence Contract Drilling earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.8755952428355 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Independence Contract Drilling (NYSE:ICD) traded up $0.02 during midday trading on Wednesday, reaching $4.21. 112,738 shares of the company were exchanged, compared to its average volume of 163,238. Independence Contract Drilling has a 1-year low of $2.72 and a 1-year high of $5.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.62 and a quick ratio of 1.47. The stock has a market capitalization of $167.63, a P/E ratio of -6.48 and a beta of 2.79.
Independence Contract Drilling (NYSE:ICD) last posted its quarterly earnings data on Monday, February 26th. The oil and gas company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). Independence Contract Drilling had a negative return on equity of 8.24% and a negative net margin of 27.00%. The company had revenue of $25.04 million for the quarter, compared to analysts’ expectations of $24.43 million. During the same quarter last year, the business posted ($0.14) EPS. The business’s quarterly revenue was up 39.1% on a year-over-year basis. research analysts predict that Independence Contract Drilling will post -0.28 earnings per share for the current fiscal year.
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Independence Contract Drilling Company Profile
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.
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