StockNews.com started coverage on shares of Independence Contract Drilling (NYSE:ICD – Free Report) in a report released on Monday. The brokerage issued a hold rating on the oil and gas company’s stock.
Independence Contract Drilling Stock Up 4.5 %
ICD stock opened at $0.75 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.98. Independence Contract Drilling has a 1-year low of $0.50 and a 1-year high of $3.40. The stock has a market cap of $11.36 million, a price-to-earnings ratio of -0.23 and a beta of 4.93. The company’s 50 day moving average is $1.16 and its 200 day moving average is $1.55.
Independence Contract Drilling (NYSE:ICD – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported ($0.73) EPS for the quarter, beating the consensus estimate of ($0.76) by $0.03. Independence Contract Drilling had a negative return on equity of 11.44% and a negative net margin of 24.20%. The firm had revenue of $43.33 million for the quarter, compared to analyst estimates of $41.86 million. Sell-side analysts predict that Independence Contract Drilling will post -2.54 EPS for the current fiscal year.
Institutional Trading of Independence Contract Drilling
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. It operates a fleet of pad-optimal and superspec AC powered rigs in the Permian Basin and the Haynesville Shale. The company was incorporated in 2011 and is headquartered in Houston, Texas.
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