The EVP & CFO of Independence Contract Drilling (ICD) is Buying Shares

Today, the EVP & CFO of Independence Contract Drilling (ICD), Philip Choyce, bought shares of ICD for $9,100.

In addition to Philip Choyce, 4 other ICD executives reported Buy trades in the last month. This recent transaction increases Philip Choyce’s holding in the company by 1.72% to a total of $547K.

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Based on Independence Contract Drilling’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $52.88 million and GAAP net loss of $12.86 million. In comparison, last year the company earned revenue of $28.44 million and had a GAAP net loss of $3.94 million. The company has a one-year high of $4.56 and a one-year low of $0.80. Currently, Independence Contract Drilling has an average volume of 215.96K.

In the last 30 days, insiders have sold $13.09K worth of ICD shares and purchased $33.13K worth of ICD shares. The insider sentiment on Independence Contract Drilling has been neutral according to 23 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

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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.

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