Analyst Activity – Royal Bank Of Canada Reiterates Buy on Independence Contract Drilling (NYSE:ICD)

ME Staff
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Analyst Ratings For Independence Contract Drilling (NYSE:ICD)

Today, Royal Bank Of Canada reiterated its Buy rating on Independence Contract Drilling (NYSE:ICD) with a price target of $7.00.

There are 1 hold rating, 6 buy ratings on the stock.

The current consensus rating on Independence Contract Drilling (NYSE:ICD) is Buy (Score: 2.86) with a consensus target price of $7.10 per share, a potential 72.75% upside.

Some recent analyst ratings include

  • 7/20/2017-Royal Bank Of Canada Reiterated Rating of Buy.
  • 6/21/2017-Morgan Stanley was Downgraded by analysts at Morgan Stanley from a “Overweight ” rating to a ” Equal Weight” rating. They now have a $5.00 price target on the stock, up previously from $8.50 .
  • 2/28/2017-Capital One Financial Corporation Upgrade from a “Equal Weight ” rating to a ” Overweight” rating.
  • 11/29/2016-Tudor Pickering Upgrade from a “Hold ” rating to a ” Buy” rating.
  • 9/15/2016-DA Davidson initiated coverage with a Buy rating.

Recent Insider Trading Activity For Independence Contract Drilling (NYSE:ICD)
Independence Contract Drilling (NYSE:ICD) has insider ownership of 11.80% and institutional ownership of 80.62%.

  • On 11/7/2016 Thomas R Bates Jr, Director, bought 10,000 with an average share price of $4.04 per share and the total transaction amounting to $40,400.00. View SEC Filing
  • On 8/17/2016 Resource Corp Sprott, Major Shareholder, sold 1,000,000 with an average share price of $4.50 per share and the total transaction amounting to $4,500,000.00. View SEC Filing
  • On 5/13/2015 Joseph Scott Thompson, Insider, bought 5,000 with an average share price of $7.90 per share and the total transaction amounting to $39,500.00. View SEC Filing
  • On 8/13/2014 Global Energy Advisors Sas 4D, Major Shareholder, bought 600,000 with an average share price of $11.00 per share and the total transaction amounting to $6,600,000.00. View SEC Filing
  • On 8/13/2014 Matthew D Fitzgerald, Director, bought 3,000 with an average share price of $11.00 per share and the total transaction amounting to $33,000.00. View SEC Filing

Recent Trading Activity for Independence Contract Drilling (NYSE:ICD)
Shares of Independence Contract Drilling closed the previous trading session at 4.11 down -0.11 -2.61% with 74,290 shares trading hands.