Independence Contract Drilling, – Consensus Indicates Potential 52.6% Upside

Broker Ratings

Independence Contract Drilling, with ticker code (ICD) have now 4 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 7 and 4.7 and has a mean target at 5.92. Given that the stocks previous close was at 3.88 this now indicates there is a potential upside of 52.6%. The day 50 moving average is 3.79 and the 200 day MA is 3.55. The company has a market capitalisation of $54m. Company Website:

The potential market cap would be $82m based on the market concensus.

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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 in the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale. Its fleet consists of 24 rigs. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.

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