Independence Contract Drilling, found using ticker (ICD) now have 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 7 and 4.7 and has a mean target at 6.17. Now with the previous closing price of 3.95 this is indicating there is a potential upside of 56.2%. The 50 day moving average now sits at 3.47 and the 200 moving average now moves to 3.68. The company has a market cap of $53m. Company Website: https://www.icdrilling.com
The potential market cap would be $83m 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.
