Independence Contract Drilling Inc (ICD) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $-0.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $-0.10. The company posted revenue of $15.20 million in the period, compared to analysts expectations of $14.89 million. The company’s revenue was down -28.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.
Independence Contract Drilling Inc closed down -0.06 points or -1.27% at $4.68 with 2,49,745 shares getting traded on Thursday. Post opening the session at $4.73, the shares hit an intraday low of $4.5 and an intraday high of $4.84 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Oct 1, 2015, David C Brown (officer ) purchased 500 shares at $4.99 per share price. According to the SEC, on May 13, 2015, Joseph Scott Thompson (officer ) purchased 5,000 shares at $7.90 per share price.