Independence Contract Drilling Inc. (NYSE:ICD) traded today at a new 52-week high of $6.44. This new high was reached on above average trading volume as 715,000 shares traded hands, while the average 30-day volume is approximately 321,000 shares.
In the past 52 weeks, shares of Independence Contract Drilling Inc. have traded between a low of $2.42 and a high of $6.44 and is now at $6.22, which is 157% above that low price.
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. (NYSE:ICD) is currently priced 1.2% above its average consensus analyst price target of $6.15.
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