Independence Contract Drilling: Time To Jump Back In [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 reported results that, to me, suggest the long-lasting crude oil downcycle has been all but left behind. The company finally has a number of factors playing in its favor, including fast rising dayrates and capped drilling and administrative expenses. I believe ICD's upside potential far outweighs the risk that shares might head sharply lower. Texas-based onshore service operator Independence Contract Drilling ( ICD ) finally seems to have turned the corner. Not that this was blatantly evident in the company's 2Q18 results , which included minor top- and bottom-line beats and negative GAAP op margins. But I find encouraging to see that robust drilling activity (rig utilization of 99.3%) seems to have met improving dayrates (up 7% YOY and heading higher into the backlog), suggesting the long-lasting crude oil downcycle has been all but left behind. Credit: thebluebook.com A quick review of the financial results unveils drilling re
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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