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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Apr. 30, 12:53 PM

Slide #13. Independence Contract Drilling, Inc. Secondary Offering

Company: Independence Contract Drilling, Inc. (NYSE:ICD)
Date announced: 4/20/2016
Shares Offered: 8,000,000
Secondary Offering Details: Independence Contract Drilling, Inc. (NYSE: ICD) launched an underwritten public offering of 8,000,000 shares of common stock. The underwriters of the offering will have a 30-day option to purchase up to an additional 1,200,000 shares from Independence Contract Drilling.

Independence Contract Drilling provides land-based contract drilling services for oil and natural gas producers targeting unconventional resource plays in the U.S. Co. constructs, owns and operates a fleet consisted of custom designed ShaleDriller rigs that are specifically engineered and designed to optimize the development of its customers' technically demanding oil and gas properties. All of Co.'s operating rigs are drilling in the Permian Basin. Co.'s standardized fleet consists of 14 premium ShaleDriller™ rigs, including three rigs under construction.

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Company Name:  Independence Contract Drilling Inc
Sector:  Business Services & Equipment
Number of ETFs Holding ICD:  12
Total Market Value Held by ETFs:  $1.81M
Total Market Capitalization:  $102.00M
% of Market Cap. Held by ETFs:  1.77%

Open the ICD Page at The Online Investor (in a new window) »

April 30, 2016    12:53 PM Eastern
Quotes delayed 20 minutes

Buy (3.29 out of 4)
56th percentile
(ranked higher than approx. 56% of all stocks covered)
Based on Zacks ABR data;
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