S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
Log in
NYSE:ICD

Independence Contract Drilling Stock Forecast, Price & News

$5.25
-0.33 (-5.91 %)
(As of 03/5/2021 12:00 AM ET)
Add
Compare
Today's Range
$4.85
Now: $5.25
$5.96
50-Day Range
$3.57
MA: $4.84
$7.51
52-Week Range
$1.08
Now: $5.25
$14.39
Volume260,956 shs
Average Volume381,924 shs
Market Capitalization$32.42 million
P/E RatioN/A
Dividend YieldN/A
Beta6.98
Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. The company constructs, owns, and operates a fleet of pad-optimal ShaleDriller rigs that are engineered and designed to accelerate its clients' production profiles and cash flows from their technically demanding and economically impactful oil and gas properties in the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale. Its fleet consists of 29 rigs. The company was founded in 2011 and is headquartered in Houston, Texas.
Independence Contract Drilling logo

Headlines

Independence Contract Drilling, Inc. to Host Earnings Call
November 3, 2020 |  finance.yahoo.com
Independence Contact Drilling, Inc.
August 1, 2020 |  www.benzinga.com
See More Headlines

Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryN/A
CUSIPN/A
Phone281-598-1230
Employees650
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$203.60 million
Cash Flow$9.72 per share
Book Value$86.99 per share

Profitability

Net Income$-60,790,000.00

Miscellaneous

Market Cap$32.42 million
Next Earnings Date5/6/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.39 out of 5 stars

Oils/Energy Sector

149th out of 668 stocks

Drilling Oil & Gas Wells Industry

3rd out of 36 stocks

Analyst Opinion: 3.0Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -
$5.25
-0.33 (-5.91 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive ICD News and Ratings via Email

Sign-up to receive the latest news and ratings for ICD and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











Independence Contract Drilling (NYSE:ICD) Frequently Asked Questions

Is Independence Contract Drilling a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Contract Drilling in the last year. There are currently 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Independence Contract Drilling stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ICD, but not buy additional shares or sell existing shares.
View analyst ratings for Independence Contract Drilling
or view top-rated stocks.

What stocks does MarketBeat like better than Independence Contract Drilling?

Wall Street analysts have given Independence Contract Drilling a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Independence Contract Drilling wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Independence Contract Drilling?

Independence Contract Drilling saw a increase in short interest during the month of February. As of February 12th, there was short interest totaling 189,400 shares, an increase of 70.2% from the January 28th total of 111,300 shares. Based on an average daily trading volume, of 347,700 shares, the short-interest ratio is currently 0.5 days. Currently, 3.2% of the shares of the stock are sold short.
View Independence Contract Drilling's Short Interest
.

When is Independence Contract Drilling's next earnings date?

Independence Contract Drilling is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Independence Contract Drilling
.

How were Independence Contract Drilling's earnings last quarter?

Independence Contract Drilling, Inc. (NYSE:ICD) released its quarterly earnings data on Tuesday, February, 23rd. The oil and gas company reported ($2.65) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($2.56) by $0.09. Independence Contract Drilling had a negative net margin of 76.74% and a negative trailing twelve-month return on equity of 14.59%.
View Independence Contract Drilling's earnings history
.

How has Independence Contract Drilling's stock been impacted by COVID-19?

Independence Contract Drilling's stock was trading at $0.25 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ICD shares have increased by 2,000.0% and is now trading at $5.25.
View which stocks have been most impacted by COVID-19
.

When did Independence Contract Drilling's stock split? How did Independence Contract Drilling's stock split work?

Shares of Independence Contract Drilling reverse split on the morning of Thursday, March 12th 2020. The 1-20 reverse split was announced on Friday, February 28th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, March 11th 2020. An investor that had 100 shares of Independence Contract Drilling stock prior to the reverse split would have 5 shares after the split.

What price target have analysts set for ICD?

5 brokers have issued 12 month price objectives for Independence Contract Drilling's stock. Their forecasts range from $7.00 to $8.00. On average, they anticipate Independence Contract Drilling's stock price to reach $7.50 in the next year. This suggests a possible upside of 42.9% from the stock's current price.
View analysts' price targets for Independence Contract Drilling
or view top-rated stocks among Wall Street analysts.

Who are Independence Contract Drilling's key executives?

Independence Contract Drilling's management team includes the following people:
  • Mr. John Anthony Gallegos Jr., Director, Pres & CEO (Age 51, Pay $787.26k)
  • Mr. Philip A. Choyce, Exec. VP, CFO, Treasurer & Sec. (Age 54, Pay $494.92k)
  • Mr. Philip A. Dalrymple, Sr. VP of Operations (Age 42, Pay $342.12k)
  • Ms. Katherine Kokenes, VP & Chief Accounting Officer
  • Mr. Marc S. Noel, VP of Sales & Marketing
  • Mr. Scott A. Keller, Sr. VP of Bus. Devel. (Age 41)

What is Anthony Gallegos' approval rating as Independence Contract Drilling's CEO?

2 employees have rated Independence Contract Drilling CEO Anthony Gallegos on Glassdoor.com. Anthony Gallegos has an approval rating of 100% among Independence Contract Drilling's employees. This puts Anthony Gallegos in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Independence Contract Drilling's key competitors?

What other stocks do shareholders of Independence Contract Drilling own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Independence Contract Drilling investors own include Callon Petroleum (CPE), Energy Transfer (ET), (OAS), Rosehill Resources (ROSE), Exxon Mobil (XOM), Advanced Micro Devices (AMD), Abraxas Petroleum (AXAS), Denbury Resources (DNR), Genocea Biosciences (GNCA) and MEI Pharma (MEIP).

What is Independence Contract Drilling's stock symbol?

Independence Contract Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "ICD."

Who are Independence Contract Drilling's major shareholders?

Independence Contract Drilling's stock is owned by a variety of institutional and retail investors. Top institutional investors include Squarepoint Ops LLC (0.41%), GSA Capital Partners LLP (0.35%) and Renaissance Technologies LLC (0.22%). Company insiders that own Independence Contract Drilling stock include Credit Opportunity Master Msd, James Minmier, John A Jr Gallegos, Matthew D Fitzgerald, Msd Capital L P, Msd Partners, LP, Philip A Choyce, Thomas R Bates Jr and Travis Fitts.
View institutional ownership trends for Independence Contract Drilling
.

Which major investors are buying Independence Contract Drilling stock?

ICD stock was bought by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, Renaissance Technologies LLC, and Squarepoint Ops LLC. Company insiders that have bought Independence Contract Drilling stock in the last two years include Credit Opportunity Master Msd, James Minmier, John A Jr Gallegos, Msd Partners, LP, Philip A Choyce, Thomas R Bates Jr, and Travis Fitts.
View insider buying and selling activity for Independence Contract Drilling
or or view top insider-buying stocks.

How do I buy shares of Independence Contract Drilling?

Shares of ICD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Independence Contract Drilling's stock price today?

One share of ICD stock can currently be purchased for approximately $5.25.

How much money does Independence Contract Drilling make?

Independence Contract Drilling has a market capitalization of $32.42 million and generates $203.60 million in revenue each year. The oil and gas company earns $-60,790,000.00 in net income (profit) each year or ($4.80) on an earnings per share basis.

How many employees does Independence Contract Drilling have?

Independence Contract Drilling employs 650 workers across the globe.

What is Independence Contract Drilling's official website?

The official website for Independence Contract Drilling is www.icdrilling.com.

Where are Independence Contract Drilling's headquarters?

Independence Contract Drilling is headquartered at 20475 STATE HIGHWAY 249 SUITE 300, HOUSTON TX, 77070.

How can I contact Independence Contract Drilling?

Independence Contract Drilling's mailing address is 20475 STATE HIGHWAY 249 SUITE 300, HOUSTON TX, 77070. The oil and gas company can be reached via phone at 281-598-1230 or via email at [email protected]


This page was last updated on 3/6/2021 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.