RBC Capital analyst Kurt Hallead maintained a Hold rating on Independence Contract Drilling (ICD) on October 16 and set a price target of $3.00. The company’s shares closed last Friday at $2.59, close to its 52-week low of $1.08.
According to TipRanks.com, Hallead is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -18.6% and a 24.9% success rate. Hallead covers the Industrial Goods sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Oil States International.
The word on The Street in general, suggests a Hold analyst consensus rating for Independence Contract Drilling with a $3.00 average price target.
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The company has a one-year high of $24.20 and a one-year low of $1.08. Currently, Independence Contract Drilling has an average volume of 517.8K.
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Independence Contract Drilling, Inc. engages in the provision of land-based contract drilling services for oil and natural gas producers. It involves in owning an established rig manufacturing business and proprietary rig designs. The company was founded by Philip A. Choyce and Byron A. Dunn on November 4, 2011 and is headquartered in Houston, TX.
