Independence Contract Drilling (ICD)
NYSE:ICD

Independence Contract Drilling (ICD) Stock Forecast & Price Target

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ICD Analyst Ratings

Moderate Buy
1Ratings
1 Buy
0 Hold
0 Sell
Based on 1 analysts giving stock ratings to
Independence
Contract Drilling
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

ICD Stock 12 Months Forecast

Average Price Target

$4.70
▲(20.22% Upside)
Based on 1 Wall Street analysts offering 12 month price targets for Independence Contract Drilling in the last 3 months. The average price target is $4.70 with a high forecast of $4.70 and a low forecast of $4.70. The average price target represents a 20.22% change from the last price of $3.91.
Highest Price Target$4.70Average Price Target$4.70Lowest Price Target$4.70
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

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Johnson Rice
Buy
Upgraded
Independence Contract Drilling upgraded to Buy from Hold at Johnson RiceIndependence Contract Drilling upgraded to Buy from Hold at Johnson Rice
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ICD Financial Forecast

ICD Earnings Forecast
Next quarter’s earnings estimate for ICD is -$0.14 with a range of -$0.32 to $0.26. The previous quarter’s EPS was -$0.35. ICD beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.80% of the time in the same period. In the last calendar year ICD has Underperformed its overall industry.
Next quarter’s earnings estimate for ICD is -$0.14 with a range of -$0.32 to $0.26. The previous quarter’s EPS was -$0.35. ICD beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.80% of the time in the same period. In the last calendar year ICD has Underperformed its overall industry.
ICD Sales Forecast
Next quarter’s sales forecast for ICD is $55.41M with a range of $53.90M to $60.00M. The previous quarter’s sales results were $49.15M. ICD beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 71.90% of the time in the same period. In the last calendar year ICD has Outperformed its overall industry.
Next quarter’s sales forecast for ICD is $55.41M with a range of $53.90M to $60.00M. The previous quarter’s sales results were $49.15M. ICD beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 71.90% of the time in the same period. In the last calendar year ICD has Outperformed its overall industry.
ICD Analyst Recommendation Trends
In the current month, ICD has received 1 Buy ratings 0 Hold ratings, and 0 Sell ratings. The ICD average analyst price target in the past 3 months is $4.70
In the current month, ICD has received 1 Buy ratings 0 Hold ratings, and 0 Sell ratings. The ICD average analyst price target in the past 3 months is $4.70

ICD Stock Forecast FAQ

What is ICD’s average 12-month price target, according to analysts?
Based on analyst ratings, Independence Contract Drilling’s 12-month average price target is $4.70.
    What is ICD’s upside potential, based on the analysts’ average price target?
    Independence Contract Drilling has 20.22% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is ICD a Buy, Sell or Hold?
          Independence Contract Drilling has a conensus rating of Moderate Buy which is based on 1 buy ratings, 0 hold ratings and 0 sell ratings.
            What is Independence Contract Drilling’s price target?
            The average price target for Independence Contract Drilling is $4.70. This is based on 1 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $4.70 ,the lowest forecast is $4.70. The average price target represents 20.22% Increase from the current price of $3.91.
              What do analysts say about Independence Contract Drilling?
              Independence Contract Drilling’s analyst rating consensus is a ‘Moderate Buy. This is based on the ratings of 1 Wall Streets Analysts.

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