Independence Contract Drilling, with ticker code (ICD) now have 4 market analysts covering the stock. The analyst consensus now points to 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 $5.92. Now with the previous closing price of $3.08 this indicates there is a potential upside of 92.2%. It’s also worth noting that there is a 50 day moving average of $4.01 and the 200 day MA is $3.52. The total market capitalization for the company now stands at $42m. Visit the company website at: https://www.icdrilling.com
The potential market cap would be $80m 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.
