Stonegate Capital Partners Updates Coverage on Independence Contract Drilling, Inc (ICD) Q1 2023
Dallas, Texas--(Newsfile Corp. - May 10, 2023) - Independence Contract Drilling, Inc (NYSE: ICD): Stonegate Capital Partners updates coverage on Independence Contract Drilling, Inc. The full report can be accessed by clicking on the following link: ICD Q1 2023 Report
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Margins per day continue to increase with Q123 representing an
8% improvement over Q422 - Strong backlog of
$56.3 million , all of which is expected to be realized in 2023 - Management is guiding towards a leverage ratio of 2x before the end of 2023, further strengthening the balance sheet
Click image above to view full announcement.
About StonegateStonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/165645
