Media headlines about Independence Contract (NYSE:ICD) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Independence Contract earned a news impact score of 0.20 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 47.6422646710042 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of brokerages recently weighed in on ICD. ValuEngine raised shares of Independence Contract from a “sell” rating to a “hold” rating in a report on Tuesday, May 1st. Zacks Investment Research lowered shares of Independence Contract from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. B. Riley set a $8.00 price target on shares of Independence Contract and gave the company a “buy” rating in a report on Wednesday, February 28th. TheStreet raised shares of Independence Contract from a “d” rating to a “c-” rating in a report on Monday, February 26th. Finally, Royal Bank of Canada set a $6.00 price target on shares of Independence Contract and gave the company a “buy” rating in a report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $6.25.
Shares of Independence Contract traded up $0.09, reaching $5.19, during midday trading on Friday, Marketbeat reports. The company had a trading volume of 3,130 shares, compared to its average volume of 141,576. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 1.50. The firm has a market cap of $190.49 million, a P/E ratio of -9.87 and a beta of 2.75. Independence Contract has a 1-year low of $5.01 and a 1-year high of $5.17.
Independence Contract (NYSE:ICD) last announced its quarterly earnings data on Thursday, April 26th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. Independence Contract had a negative net margin of 23.25% and a negative return on equity of 7.97%. The firm had revenue of $25.63 million for the quarter, compared to analysts’ expectations of $24.80 million. sell-side analysts expect that Independence Contract will post -0.28 EPS for the current year.
Independence Contract Company Profile
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 that are engineered and designed to optimize the development of various oil and natural gas properties in the Permian Basin.
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