Independence Contract Drilling (NYSE:ICD – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.73) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Independence Contract Drilling (NYSE:ICD – Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The oil and gas company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.15). Independence Contract Drilling had a negative net margin of 17.94% and a negative return on equity of 6.12%. The firm had revenue of $45.83 million for the quarter, compared to the consensus estimate of $43.89 million. On average, analysts expect Independence Contract Drilling to post $-3 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Independence Contract Drilling Stock Performance
Shares of NYSE ICD traded down $0.01 during midday trading on Tuesday, hitting $1.86. 4,966 shares of the company’s stock traded hands, compared to its average volume of 62,238. The firm has a fifty day moving average of $1.84 and a 200 day moving average of $2.18. Independence Contract Drilling has a 1 year low of $1.61 and a 1 year high of $3.45. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.04.
Analyst Upgrades and Downgrades
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About Independence Contract Drilling
Independence Contract Drilling, Inc provides land-based contract drilling services for oil and natural gas producers in the United States. It operates a fleet of pad-optimal and superspec AC powered rigs in the Permian Basin and the Haynesville Shale. The company was incorporated in 2011 and is headquartered in Houston, Texas.
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