Revenue Update on Independence Contract Drilling Inc(NYSE:ICD)

Independence Contract Drilling Inc(NYSE:ICD) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $15.15M. Analysts estimated a revenue of $15.15M. Earnings per share were $-0.07. Analysts had estimated an EPS of $-0.10.

Independence Contract Drilling Inc (ICD) shares turned negative on Thursdays trading session with the shares closing down -0.04 points or -0.80% at a volume of 90,042. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.11. The peak price level was also seen at $5.11 while the days lowest was $4.93. Finally the shares closed at $4.95. The 52-week high of the shares is $7.93 while the 52-week low is $3.335. According to the latest information available, the market cap of the company is $186 M.

Several Insider Transactions has been reported to the SEC. On Oct 1, 2015, David C Brown (officer ) purchased 500 shares at $4.99 per share price.Also, On May 13, 2015, Joseph Scott Thompson (officer ) purchased 5,000 shares at $7.90 per share price.

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