Independence Contract Drilling (NYSE:ICD – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Independence Contract Drilling to post earnings of ($0.73) per share for the quarter.
Independence Contract Drilling (NYSE:ICD – Get Free Report) last issued its earnings results on Wednesday, February 28th. The oil and gas company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.15). The business had revenue of $45.83 million for the quarter, compared to the consensus estimate of $43.89 million. Independence Contract Drilling had a negative return on equity of 6.12% and a negative net margin of 17.94%. 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 Price Performance
Shares of NYSE ICD traded down $0.02 during trading on Wednesday, hitting $1.90. The company had a trading volume of 1,170 shares, compared to its average volume of 64,083. The company has a market cap of $29.01 million, a P/E ratio of -0.70 and a beta of 4.91. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.04 and a current ratio of 1.07. The business’s 50-day moving average is $1.85 and its 200 day moving average is $2.21. Independence Contract Drilling has a 52 week low of $1.61 and a 52 week high of $3.45.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Independence Contract Drilling
Independence Contract Drilling Company Profile
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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