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Stock analysts at Cowen and Company started coverage on shares of Independence Contract Drilling (NYSE:ICD) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $14.00 price target on the stock. Cowen and Company’s price objective indicates a potential upside of 21.74% from the company’s current price.

Shares of Independence Contract Drilling (NYSE:ICD) traded up 3.39% on Tuesday, hitting $11.89. 566,435 shares of the company’s stock traded hands. Independence Contract Drilling has a 52 week low of $10.61 and a 52 week high of $11.61. The stock has a 50-day moving average of $11.12 and a 200-day moving average of $11.12. The company’s market cap is $266.3 million.

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