Stonegate Capital Partners Updates Coverage on Independence Contract Drilling, Inc (ICD) Q1 2024

May 02, 2024 4:15 PM EDT | Source: Reportable, Inc.

Dallas, Texas--(Newsfile Corp. - May 2, 2024) - Independence Contract Drilling, Inc (NYSE: ICD): Stonegate Capital Partners updates coverage on Independence Contract Drilling, Inc.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • $3.5M of convertible notes redeemed at par
  • One more rig moved to Permian Basin from Haynesville
  • Strong liquidity position of $20.4M

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About Stonegate

Stonegate 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.


Stonegate Capital Partners
(214) 987-4121

Source: Stonegate, Inc.

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