Independence Contract Drilling, Inc. (ICD)

Market Cap	44.06M
Revenue (ttm)	186.71M
Net Income (ttm)	-65.32M
Shares Out	13.64M
EPS (ttm)	-5.01
PE Ratio	n/a
Forward PE	3.45
Dividend	n/a
Ex-Dividend Date	n/a

Volume	35,468
Open	3.24
Previous Close	3.23
Day's Range	3.19 - 3.33
52-Week Range	2.77 - 5.35
Beta	5.04
Analysts	Buy
Price Target	6.04 (+86.42%)
Earnings Date	May 4, 2023

About ICD

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 ShaleDriller rigs in the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale. Its fleet consists of 24 rigs. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.

• Industry: Oil & Gas Drilling
• Sector: Energy
• IPO Date: Aug 8, 2014
• Employees: 500
• Stock Exchange: NYSE
• Ticker Symbol: ICD

Financial Performance

In 2022, ICD's revenue was $186.71 million, an increase of 112.28% compared to the previous year's $87.96 million. Losses were -$65.32 million, -2.09% less than in 2021.

Analyst Forecast

According to 7 analysts, the average rating for ICD stock is "Buy." The 12-month stock price forecast is $6.04, which is an increase of 86.42% from the latest price.

Price Target

$6.04

(86.42% upside)

Analyst Consensus: Buy