Independence Contract Drilling, – Consensus Indicates Potential -.3% Downside

Broker Ratings

Independence Contract Drilling, found using ticker (ICD) have now 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 7 and 1 with a mean TP of 3.67. Given that the stocks previous close was at 3.68 this is indicating there is a potential downside of -.3%. The 50 day moving average now sits at 3.55 while the 200 day moving average is 3.06. The company has a market capitalisation of $23m. Visit the company website at: http://www.icdrilling.com

Independence Contract Drilling 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 accelerate its clients’ production profiles and cash flows from their technically demanding and economically impactful oil and gas properties in the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale. Its fleet consists of 29 rigs. The company was founded in 2011 and is headquartered in Houston, Texas.

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