Independence Contract Drilling, Inc. (NYSE:ICD) Director James Minmier acquired 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 7th. The shares were purchased at an average cost of $4.11 per share, with a total value of $16,440.00. Following the transaction, the director now directly owns 11,198 shares of the company’s stock, valued at $46,023.78. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NYSE ICD opened at $4.34 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.77 and a current ratio of 0.81. The firm has a market capitalization of $28.29 million, a P/E ratio of -0.29 and a beta of 6.90. Independence Contract Drilling, Inc. has a 12 month low of $2.12 and a 12 month high of $7.97. The business’s 50-day simple moving average is $3.52.
Independence Contract Drilling (NYSE:ICD) last issued its earnings results on Tuesday, May 4th. The oil and gas company reported ($2.64) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.63) by ($0.01). The business had revenue of $15.54 million for the quarter. Independence Contract Drilling had a negative return on equity of 22.11% and a negative net margin of 139.65%.
About Independence Contract Drilling
Independence Contract Drilling, Inc provides land-based contract drilling services for oil and natural gas producers in the United States. The company constructs, owns, and operates a fleet of pad-optimal ShaleDriller rigs that are engineered and designed to accelerate its clients' production profiles and cash flows from their technically demanding and economically impactful oil and gas properties in the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale.
Further Reading: Limitations of analyzing profit margin
Receive News & Ratings for Independence Contract Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Independence Contract Drilling and related companies with MarketBeat.com's FREE daily email newsletter.