Independence Contract Drilling, with ticker code (ICD) have now 4 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 7 and 4.7 calculating the mean target price we have $5.92. Now with the previous closing price of $3.20 this would imply there is now a potential upside of 85.0%. The day 50 moving average is $3.62 and the 200 moving average now moves to $3.50. The market cap for the company is $44m. Find out more information at: https://www.icdrilling.com
The potential market cap would be $81m based on the market consensus.
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, superspec AC powered rigs, and additional idle AC rigs in the Permian Basin and the Haynesville Shale. Its fleet consists of 26 rigs. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.
The company is not paying dividends at this time.
