Independence Contract Drilling (ICD) Tops Q3 EPS by 4c

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Cowen Raises Price Target on Independence Contract Drilling (ICD) Following 4Q Guidance

November 2, 2015 7:44 AM EST

Cowen reiterated an Outperform rating on Independence Contract Drilling (NYSE: ICD), and raised the price target to $8.50 (from $7.50), following the company's 3Q earnings results and 4Q guidance. 4Q activity is guided up 8-10% sequentially (950-965 revenue days) including the benefit of a multi-well... More