Media headlines about Independence Contract (NYSE:ICD) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Independence Contract earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 45.8755952428355 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Independence Contract stock opened at $4.41 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.47 and a current ratio of 1.62. Independence Contract has a 12 month low of $2.72 and a 12 month high of $5.95. The firm has a market cap of $157.35, a price-to-earnings ratio of -6.78 and a beta of 2.79.
Independence Contract (NYSE:ICD) last posted its quarterly earnings results on Monday, February 26th. The oil and gas company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.01). Independence Contract 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 analyst estimates of $24.43 million. During the same period last year, the company earned ($0.14) earnings per share. The business’s revenue for the quarter was up 39.1% compared to the same quarter last year. research analysts predict that Independence Contract will post -0.28 earnings per share for the current year.
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About Independence Contract
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.
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