Independence Contract Drilling, Inc. (NYSE:ICD) Major Shareholder William Monroe Buys 15,000 Shares

Independence Contract Drilling, Inc. (NYSE:ICD) major shareholder William Monroe purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, April 16th. The stock was bought at an average price of $3.35 per share, with a total value of $50,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

William Monroe also recently made the following trade(s):

  • On Friday, August 27th, William Monroe purchased 30,000 shares of Independence Contract Drilling stock. The stock was bought at an average price of $3.20 per share, with a total value of $96,000.00.
  • On Monday, August 2nd, William Monroe purchased 2 shares of Independence Contract Drilling stock. The stock was bought at an average price of $3.22 per share, with a total value of $6.44.
  • On Monday, July 19th, William Monroe purchased 75 shares of Independence Contract Drilling stock. The stock was bought at an average price of $3.06 per share, with a total value of $229.50.
  • On Thursday, October 7th, William Monroe purchased 54,375 shares of Independence Contract Drilling stock. The stock was bought at an average price of $3.18 per share, with a total value of $172,912.50.
  • On Tuesday, October 5th, William Monroe acquired 295,000 shares of Independence Contract Drilling stock. The shares were purchased at an average price of $3.16 per share, with a total value of $932,200.00.
  • On Wednesday, September 29th, William Monroe acquired 5,000 shares of Independence Contract Drilling stock. The shares were purchased at an average price of $3.01 per share, with a total value of $15,050.00.
  • On Thursday, September 23rd, William Monroe acquired 40,000 shares of Independence Contract Drilling stock. The shares were purchased at an average price of $3.00 per share, with a total value of $120,000.00.

Shares of ICD opened at $4.27 on Thursday. Independence Contract Drilling, Inc. has a one year low of $2.23 and a one year high of $7.97. The company has a market cap of $30.52 million, a P/E ratio of -0.29 and a beta of 6.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.64 and a quick ratio of 0.61. The firm has a 50 day simple moving average of $3.08 and a two-hundred day simple moving average of $3.48.

Independence Contract Drilling (NYSE:ICD) last announced its quarterly earnings data on Tuesday, August 3rd. The oil and gas company reported ($2.18) EPS for the quarter, beating the consensus estimate of ($2.50) by $0.32. The business had revenue of $19.82 million during the quarter. Independence Contract Drilling had a negative net margin of 151.47% and a negative return on equity of 25.38%.

Several large investors have recently made changes to their positions in ICD. FMR LLC increased its holdings in shares of Independence Contract Drilling by 14.9% during the first quarter. FMR LLC now owns 689,455 shares of the oil and gas company’s stock worth $1,910,000 after buying an additional 89,500 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Independence Contract Drilling during the first quarter worth $235,000. Morgan Stanley increased its holdings in shares of Independence Contract Drilling by 51,717.4% during the first quarter. Morgan Stanley now owns 196,388 shares of the oil and gas company’s stock worth $648,000 after buying an additional 196,009 shares in the last quarter. Squarepoint Ops LLC increased its holdings in shares of Independence Contract Drilling by 27.7% during the first quarter. Squarepoint Ops LLC now owns 32,252 shares of the oil and gas company’s stock worth $106,000 after buying an additional 6,994 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Independence Contract Drilling by 76.9% during the second quarter. Vanguard Group Inc. now owns 205,185 shares of the oil and gas company’s stock worth $880,000 after buying an additional 89,227 shares in the last quarter. Institutional investors own 18.97% of the company’s stock.

Independence Contract Drilling Company Profile

Independence Contract Drilling, Inc engages in the provision of land-based contract drilling services for oil and natural gas producers. It develops and assembles the sharedriller series rig design. Its series are AC programmable and, energy efficient BiFuel. The company was founded by Philip A. Choyce and Byron A.

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Insider Buying and Selling by Quarter for Independence Contract Drilling (NYSE:ICD)

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