Independence Contract Drilling, found using ticker (ICD) now have 2 analysts in total covering the stock. The consensus rating is ‘Strong_Buy’. The range between the high target price and low target price is between 7 and 4.58 calculating the average target price we see 5.79. Now with the previous closing price of 3.26 this would indicate that there is a potential upside of 77.6%. There is a 50 day moving average of 3.26 and the 200 moving average now moves to 3.63. The company has a market capitalisation of $46m. Find out more information at: https://www.icdrilling.com
The potential market cap would be $81m 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.
