ICD vs. NCNC, MXC, EPOW, WAVE, SPI, ALCE, ROCG, BRN, HUSA, and USEG
Should you be buying Independence Contract Drilling stock or one of its competitors? The main competitors of Independence Contract Drilling include noco-noco (NCNC), Mexco Energy (MXC), Sunrise New Energy (EPOW), Eco Wave Power Global AB (publ) (WAVE), SPI Energy (SPI), Alternus Clean Energy (ALCE), Roth CH Acquisition IV (ROCG), Barnwell Industries (BRN), Houston American Energy (HUSA), and U.S. Energy (USEG). These companies are all part of the "oils/energy" sector.
Independence Contract Drilling (NYSE:ICD) and noco-noco (NASDAQ:NCNC) are both small-cap oils/energy companies, but which is the better business? We will contrast the two businesses based on the strength of their dividends, earnings, institutional ownership, analyst recommendations, valuation, profitability, community ranking, risk and media sentiment.
noco-noco has lower revenue, but higher earnings than Independence Contract Drilling.
Independence Contract Drilling received 304 more outperform votes than noco-noco when rated by MarketBeat users.
In the previous week, noco-noco had 2 more articles in the media than Independence Contract Drilling. MarketBeat recorded 2 mentions for noco-noco and 0 mentions for Independence Contract Drilling. noco-noco's average media sentiment score of 0.94 beat Independence Contract Drilling's score of 0.00 indicating that noco-noco is being referred to more favorably in the news media.
noco-noco has a net margin of 0.00% compared to Independence Contract Drilling's net margin of -24.20%. noco-noco's return on equity of 0.00% beat Independence Contract Drilling's return on equity.
29.4% of Independence Contract Drilling shares are held by institutional investors. Comparatively, 0.4% of noco-noco shares are held by institutional investors. 3.8% of Independence Contract Drilling shares are held by insiders. Comparatively, 23.1% of noco-noco shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Independence Contract Drilling has a beta of 4.86, indicating that its share price is 386% more volatile than the S&P 500. Comparatively, noco-noco has a beta of 1.37, indicating that its share price is 37% more volatile than the S&P 500.
Summary
noco-noco beats Independence Contract Drilling on 6 of the 10 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ICD and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Independence Contract Drilling Competitors List
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