Press coverage about Independence Contract Drilling (NYSE:ICD) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Independence Contract Drilling earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 45.5555898706522 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several analysts have weighed in on the stock. Zacks Investment Research cut shares of Independence Contract Drilling from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet raised shares of Independence Contract Drilling from a “d” rating to a “c-” rating in a research note on Monday, February 26th. B. Riley set a $8.00 price objective on shares of Independence Contract Drilling and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Royal Bank of Canada set a $6.00 price target on shares of Independence Contract Drilling and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Cowen set a $6.00 price target on shares of Independence Contract Drilling and gave the company a “buy” rating in a research note on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $6.25.
Independence Contract Drilling (ICD) traded up $0.14 on Friday, hitting $4.26. 90,458 shares of the stock traded hands, compared to its average volume of 159,968. Independence Contract Drilling has a twelve month low of $2.72 and a twelve month 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 company has a market capitalization of $160.01, a PE ratio of -6.54 and a beta of 2.79.
COPYRIGHT VIOLATION NOTICE: “Independence Contract Drilling (NYSE:ICD) Getting Somewhat Favorable Press Coverage, Study Shows” was reported by BBNS and is the property of of BBNS. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://baseballnewssource.com/2018/03/16/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-independence-contract-drilling-icd-stock-price/1992242.html.
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.
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.