Independence Contract Drilling upgraded by Johnson Rice with a new price target
$ICD
Oil & Gas Production
Energy
Johnson Rice upgraded Independence Contract Drilling from Hold to Buy and set a new price target of $7.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/22/2022 | $7.00 | Hold → Buy | Johnson Rice |
HOUSTON, April 17, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today announced that Daniel F. McNease has retired from the Company's Board of Directors, effectively immediately, for personal reasons. Mr. McNease served on the Company's Board of Directors since 2012 and served as Chairman of the Board since 2019. The Board has selected James G. Minmier to replace Mr. McNease as Chairman of the Board. Mr. Minmier has served as director of the Company since 2018. The Board has elected Brian D. Berman to the Board of Directors to fill the vacancy created by Mr. McNease's departure. J. Anthony Gallegos, Jr., President and Chief Executive Offic
HOUSTON, Jan. 19, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today announced the appointment of Stacy Durbin Nieuwoudt to the Company's Board of Directors. Ms. Nieuwoudt will serve as a member of the Company's Audit, Compensation, and Nominating and Governance Committees as an independent director. In connection with her appointment, the Company's Board of Directors has increased the size of the Company's Board of Directors from five to six members. "We are pleased to welcome Stacy to the ICD Board," said Anthony Gallegos, president and chief executive officer of ICD. "Stacy's deep investment experience in energy and industrial compani
HOUSTON, Aug. 7, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today reported financial results for the three months ended June 30, 2024. Second quarter 2024 Highlights Net loss of $16.7 million, or $1.15 per shareAdjusted net loss, as defined below, of $10.6 million, or $0.73 per shareAdjusted EBITDA, as defined below, of $8.5 million, representing a 28% sequential decreaseAdjusted net debt, as defined below, of $196.7 million, representing a 3% sequential increase14.5 average rigs working during the quarter, representing a 4% sequential decreaseFully burdened margin per day of $9,675, representing a 18% sequential decreaseIn the second quarte
HOUSTON, May 1, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today reported financial results for the three months ended March 31, 2024. First quarter 2024 Highlights Net loss of $9.0 million, or $0.62 per shareAdjusted net loss, as defined below, of $7.3 million, or $0.50 per shareAdjusted EBITDA, as defined below, of $11.8 millionAdjusted net debt, as defined below, of $190.3 million15.1 average rigs working during the quarterFully burdened margin per day of $11,829In the first quarter of 2024, the Company reported revenues of $46.6 million, net loss of $9.0 million, or $0.62 per share, adjusted net loss (defined below) of $7.3 million, or $
HOUSTON, April 23, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE:ICD) today announced that it will release its first quarter 2024 results before the New York Stock Exchange opens on Wednesday, May 1, 2024. This release will be followed by a conference call for investors at 11:00 a.m. Central Time (12:00 p.m. Eastern Time) to discuss the Company's first quarter 2024 results. The call can be accessed live over the telephone by dialing (855) 239-3115 or for international callers, (412) 542-4125. A replay will be available shortly after the call and can be accessed by dialing (877) 344-7529 or for international callers, (412) 317-0088. The passcode for the rep
SC 13D/A - Independence Contract Drilling, Inc. (0001537028) (Subject)
SC 13D/A - Independence Contract Drilling, Inc. (0001537028) (Subject)
SC 13D/A - Independence Contract Drilling, Inc. (0001537028) (Subject)
Johnson Rice upgraded Independence Contract Drilling from Hold to Buy and set a new price target of $7.00
8-K - Independence Contract Drilling, Inc. (0001537028) (Filer)
8-K - Independence Contract Drilling, Inc. (0001537028) (Filer)
25-NSE - Independence Contract Drilling, Inc. (0001537028) (Subject)
4 - Independence Contract Drilling, Inc. (0001537028) (Issuer)
4 - Independence Contract Drilling, Inc. (0001537028) (Issuer)
4 - Independence Contract Drilling, Inc. (0001537028) (Issuer)
HOUSTON, Aug. 28, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") announced today the expected move of trading of the Company's Common Stock to the OTCQX Best Market from the New York Stock Exchange ("NYSE"). The Common Stock is expected to begin trading on the OTCQX Best Market under ticker symbol "ICDI" upon the opening of trading on August 29, 2024. The move from the NYSE is precipitated from the Company's average market capitalization, or total trading value, falling below the $15 million threshold over a 30 trading-day period that is required to remain in compliance with the NYSE's listing standards. Existing stockholders will find the Company's comm
HOUSTON, Aug. 7, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today reported financial results for the three months ended June 30, 2024. Second quarter 2024 Highlights Net loss of $16.7 million, or $1.15 per shareAdjusted net loss, as defined below, of $10.6 million, or $0.73 per shareAdjusted EBITDA, as defined below, of $8.5 million, representing a 28% sequential decreaseAdjusted net debt, as defined below, of $196.7 million, representing a 3% sequential increase14.5 average rigs working during the quarter, representing a 4% sequential decreaseFully burdened margin per day of $9,675, representing a 18% sequential decreaseIn the second quarte
HOUSTON, May 1, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today reported financial results for the three months ended March 31, 2024. First quarter 2024 Highlights Net loss of $9.0 million, or $0.62 per shareAdjusted net loss, as defined below, of $7.3 million, or $0.50 per shareAdjusted EBITDA, as defined below, of $11.8 millionAdjusted net debt, as defined below, of $190.3 million15.1 average rigs working during the quarterFully burdened margin per day of $11,829In the first quarter of 2024, the Company reported revenues of $46.6 million, net loss of $9.0 million, or $0.62 per share, adjusted net loss (defined below) of $7.3 million, or $