Media coverage about Independence Contract (NYSE:ICD) has been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Independence Contract earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 46.2126003247568 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Independence Contract Drilling, Inc. Announces Timing of First Quarter 2018 Financial Results and Conference Call (finance.yahoo.com)
- -$0.12 Earnings Per Share Expected for Independence Contract (ICD) This Quarter (americanbankingnews.com)
- Independence Contract (ICD) Upgraded to Hold by Zacks Investment Research (americanbankingnews.com)
- Independence Contract (ICD) Upgraded to Sell by ValuEngine (americanbankingnews.com)
- $24.80 Million in Sales Expected for Independence Contract (ICD) This Quarter (americanbankingnews.com)
Shares of Independence Contract stock traded up $0.03 on Friday, hitting $4.25. 68,657 shares of the company traded hands, compared to its average volume of 142,980. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.47 and a current ratio of 1.62. The stock has a market cap of $157.35, a P/E ratio of -8.00 and a beta of 2.78. Independence Contract has a 12-month low of $2.72 and a 12-month high of $5.48.
ICD has been the topic of several recent analyst reports. B. Riley set a $8.00 target price on shares of Independence Contract and gave the stock a “buy” rating in a research note on Monday, March 26th. Cowen set a $6.00 price objective on shares of Independence Contract and gave the company a “buy” rating in a research report on Thursday, January 11th. Royal Bank of Canada set a $5.00 price objective on shares of Independence Contract and gave the company a “buy” rating in a research report on Thursday, December 21st. TheStreet upgraded shares of Independence Contract from a “d” rating to a “c-” rating in a research report on Monday, February 26th. Finally, Zacks Investment Research upgraded shares of Independence Contract from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Independence Contract has a consensus rating of “Hold” and a consensus price target of $6.25.
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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