Independence Contract Drilling, found using ticker (ICD) now have 4 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 average target price we see 6.17. Given that the stocks previous close was at 3.02 this is indicating there is a potential upside of 104.3%. The 50 day moving average now sits at 3.55 and the 200 day moving average is 3.55. The company has a market capitalisation of $41m. Visit the company website at: https://www.icdrilling.com
The potential market cap would be $84m based on the market concensus.
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 in the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale. Its fleet consists of 24 rigs. Independence Contract Drilling was incorporated in 2011 and is headquartered in Houston, Texas.
