Independence Contract Drilling Has Upside From Acquisition Benefits And Demand Revival [Seeking Alpha]
Independence Contract Drilling, Inc. (ICD)
Last independence contract drilling, inc. earnings: 2/28 06:45 am
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US:NYSE Investor Relations:
icdrilling.com
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Source: Seeking Alpha
Independence Contract Drilling Has Upside From Acquisition Benefits And Demand Revival Summary ICD's conversion of the mechanical rigs into advanced rigs can lead to higher margin in the medium-to-long term. The company's fleet size has nearly doubled to 32 marketed rigs after the Sidewinder acquisition in Q4. Muted demand for drilling services has put pricing and margin under pressure in the short term. ICD's stock price has upside potential in the medium-to-long term. ICD's Stock Price Faces Short-Term Headwinds Independence Contract Drilling ( On the other hand, the drilling business has seen a demand slowdown in the unconventional shales in the past couple of quarters, which has led to lower spot prices and shorter contract terms. These factors can lower ICD's margin and affect cash flow stability adversely in the short term. Identifying ICD's Value Drivers Independence Contract Drilling has grown significantly following the Sidewinder Drilling acquisition in October 2018. From op
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ICD
News
- Independence Contract Drilling, Inc. Announces Timing of First Quarter 2024 Financial Results and Conference CallPR Newswire
- Independence Contract Drilling, Inc. (NYSE: ICD) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Independence Contract Drilling, Inc. (NYSE: ICD) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- INDEPENDENCE CONTRACT DRILLING, INC. ENGAGES PIPER SANDLER & CO. AS FINANCIAL ADVISOR TO STRATEGIC ALTERNATIVES COMMITTEE [Yahoo! Finance]Yahoo! Finance
- INDEPENDENCE CONTRACT DRILLING, INC. ENGAGES PIPER SANDLER & CO. AS FINANCIAL ADVISOR TO STRATEGIC ALTERNATIVES COMMITTEEPR Newswire
ICD
Earnings
- 2/28/24 - Miss
ICD
Sec Filings
- 3/19/24 - Form 4/A
- 3/19/24 - Form 4/A
- 3/19/24 - Form 4/A
- ICD's page on the SEC website