Independence Contract Drilling Inc (ICD) was Upgraded by Tudor Pickering to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Tudor Pickering advised their investors in a research report released on Nov 29, 2016.
On the company’s financial health, Independence Contract Drilling Inc reported $-0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus of $-0.15. The company had revenue of $15.50 million for the quarter, compared to analysts expectations of $12.99 million. The company’s revenue was down -27.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.
Independence Contract Drilling Inc closed down -0.16 points or -2.95% at $5.26 with 65,054 shares getting traded on Friday. Post opening the session at $5.4, the shares hit an intraday low of $5.16 and an intraday high of $5.41 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Nov 7, 2016, Thomas R Jr Bates (director) purchased 10,000 shares at $4.04 per share price. According to the SEC, on Oct 1, 2015, David C Brown (officer ) purchased 500 shares at $4.99 per share price. On May 13, 2015, Joseph Scott Thompson (officer ) purchased 5,000 shares at $7.90 per share price, according to the Form-4 filing with the securities and exchange commission.