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Instrument logo  ICD

Independence Contract Drilling Inc

ICD
63 / 100
Penny Stock
$1.86arrow_drop_up1.63%$0.03

Financial Forecast

AI Price Prediction

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Analyst Ratings

Analyst ratings for this stock instrument are based on analysts' assumptions and should not be solely relied upon for financial decisions.

Independence Contract Drilling Inc (ICD) Stocklytics Forecast

ICD is an independent oil and gas contract drilling company that operates in the United States. The company provides land drilling services to both major and independent oil and gas operators. With a fleet of technologically advanced drilling rigs, ICD has established a strong presence in key shale plays throughout the country. As a result, the company is well positioned to benefit from the increasing demand for energy and the ongoing development of unconventional oil and gas resources.

When it comes to predicting the stock price of ICD, it is important to consider various factors. While no one can accurately predict future stock prices, there are several methods and tools that can help estimate potential price movements. AI-based algorithms and machine learning models have gained popularity in recent years for their ability to analyze vast amounts of data and identify patterns that can influence stock prices. These predictive models utilize historical price data, market trends, and various fundamental and technical indicators to generate forecasts.

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Frequently Asked Questions

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What is the analyst price prediction for Independence Contract Drilling Inc (ICD) stock?

Analysts have set a target price of $3.17 for Independence Contract Drilling Inc (ICD), based on forecasts from 3 analysts. The predicted price range extends from a high of $5.5 to a low of $1. This represents a potential increase of up to 195.7% and a decrease of -46.24% from the current price of $1.86. These forecasts are as of 2016 Apr 07.

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What are the analyst ratings for Independence Contract Drilling Inc (ICD) stock?

The analyst ratings for Independence Contract Drilling Inc (ICD) are distributed as follows: 8 analysts recommend buying, 1 have a neutral stance, and 0 suggest selling. The prevailing sentiment among the total of 9 analysts leans towards a buy rating. These ratings indicate the general sentiment among the analysts covering Independence Contract Drilling Inc.

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What is the AI price prediction for Independence Contract Drilling Inc (ICD) stock?

At present, there is no AI or machine-learning-based price prediction available for Independence Contract Drilling Inc (ICD) stock. The lack of a forecast could stem from various factors, such as inadequate data or the necessity for model recalibration.

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