Independence Contract Drilling: Looking Past The Short-Term Challenges [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
Summary Independence Contract Drilling's stock has not been able to sidestep the recent weakness in the oil and gas space. Today, I set aside the short term headwinds and project the company's financial performance after the acquisition of Sidewinder. In the longer run, I believe Independence's growth plans will pay off in the form of improved earnings and a higher stock price. Oil and gas stocks ( VDE ) have been taking a beating since the start of the fourth quarter market correction, as crude oil prices continue to fall off a cliff. There is no reason why a micro-cap name like Independence Contract Drilling ( ICD ), further exposed to the Permian-specific production challenges , would not follow suit -- the stock has been down 32% since October 1st. But contradicting the bearish mood that has taken over the sector, Independence is growing. The Houston-based onshore driller acquired Sidewinder Drilling in July, in a move that should more than double the size of
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ICD
News
- 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
- Independence Contract Drilling, Inc. (NYSE: ICD) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
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