Independence Contract Drilling Inc. (ICD) had a good day on the market for Wednesday February 10
shares jumped 16.63% to close at $5.33. About 680,697 shares traded hands on 3,389 trades for the day, compared with an average daily volume of
n/a shares out of a total float of 6.18 million. After opening the trading day at $4.68, shares of Independence Contract Drilling Inc. stayed within a range of $5.40 to
With today’s gains, Independence Contract Drilling Inc. now has a market cap of
$32.92 million. Shares of Independence Contract Drilling Inc. have been trading within a range of $14.40
and $1.09 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
Independence Contract Drilling Inc is engaged in providing land-based contract drilling services for oil and natural gas producers. The company constructs its own and operates a premium land rig fleet. It develops and assembles its ShaleDriller series rig which is used for the development of oil and gas properties. The company’s customers for contract drilling services in the United States include oil and natural gas companies, independent oil and natural gas companies, as well as various small to mid-sized publicly-traded and privately held oil and gas companies.
Independence Contract Drilling Inc. is based out of Houston, TX and has some 650 employees. Its CEO is J. Anthony Gallegos.
For a complete fundamental analysis of Independence Contract Drilling Inc., check out Equities.com’s Stock Valuation Analysis report for
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Independence Contract Drilling Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell
Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an
objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives
a broad, unbiased look at the small-cap market as a whole.
To get more information on Independence Contract Drilling Inc. and to follow the company’s latest updates, you can visit the company’s profile page here:
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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