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 optimize the development of various oil and natural gas properties in the Permian Basin. Its fleet consists of 14 rigs. The company was founded in 2011 and is headquartered in Houston, Texas.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Drilling oil & gas wells
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNYSE:ICD
Previous Symbol
CUSIPN/A
Phone281-598-1230
Debt
Debt-to-Equity Ratio0.30
Current Ratio1.72
Quick Ratio1.58
Price-To-Earnings
Trailing P/E Ratio-6.36
Forward P/E Ratio-13.56
P/E GrowthN/A
Sales & Book Value
Annual Sales$90.01 million
Price / Sales2.85
Cash Flow$0.1642 per share
Price / Cash Flow20.65
Book Value$6.20 per share
Price / Book0.55
Profitability
EPS (Most Recent Fiscal Year)($0.53)
Net Income$-24,290,000.00
Net Margins-16.35%
Return on Equity-6.05%
Return on Assets-4.51%
Miscellaneous
Employees390
Outstanding Shares75,690,000
Market Cap$255.84 million
OptionableOptionable
Independence Contract Drilling (NYSE:ICD) Frequently Asked Questions
What is Independence Contract Drilling's stock symbol?
Independence Contract Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "ICD."
How were Independence Contract Drilling's earnings last quarter?
Independence Contract Drilling Inc (NYSE:ICD) announced its quarterly earnings data on Tuesday, November, 6th. The oil and gas company reported ($0.05) EPS for the quarter, meeting the Zacks' consensus estimate of ($0.05). The oil and gas company earned $28.44 million during the quarter, compared to analyst estimates of $28.80 million. Independence Contract Drilling had a negative net margin of 16.35% and a negative return on equity of 6.05%. View Independence Contract Drilling's Earnings History.
When is Independence Contract Drilling's next earnings date?
What price target have analysts set for ICD?
4 Wall Street analysts have issued 1-year target prices for Independence Contract Drilling's shares. Their predictions range from $6.00 to $8.00. On average, they expect Independence Contract Drilling's stock price to reach $6.50 in the next year. This suggests a possible upside of 91.7% from the stock's current price. View Analyst Price Targets for Independence Contract Drilling.
What is the consensus analysts' recommendation for Independence Contract Drilling?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Contract Drilling in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Independence Contract Drilling.
Has Independence Contract Drilling been receiving favorable news coverage?
News headlines about ICD stock have been trending somewhat positive on Thursday, according to InfoTrie. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Independence Contract Drilling earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave media headlines about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future.
Who are some of Independence Contract Drilling's key competitors?
Some companies that are related to Independence Contract Drilling include Baytex Energy (BTE), Noble (NE), Precision Drilling (PDS), Oasis Midstream Partners (OMP), Seadrill Partners (SDLP), Pioneer Energy Services (PES), Key Energy Services (KEG), Petroteq Energy (PQEFF), Western Energy Services (WEEEF), Parker Drilling (PKD), Vantage Drilling (VTGDF), Pacific Drilling (PACDQ), N Atl DRILLING/SH NEW (NADLQ), Sauer Energy (SENY) and Infinity Energy Resources (IFNY).
Who are Independence Contract Drilling's key executives?
Independence Contract Drilling's management team includes the folowing people:
- Mr. Philip A. Choyce, Exec. VP, CFO, Treasurer & Sec. (Age 51)
- Mr. Christopher K. Menefee, Sr. VP of Bus. Devel. (Age 41)
- Mr. J. Anthony Gallegos Jr., Director, Pres & CEO
- Mr. Michael J. Harwell, Chief Accounting Officer & VP of Fin. (Age 49)
- Mr. Scott A. Keller, VP of Sales & Marketing
Who are Independence Contract Drilling's major shareholders?
Independence Contract Drilling's stock is owned by many different of institutional and retail investors. Top institutional investors include Royce & Associates LP (5.59%), BlackRock Inc. (4.73%), Vanguard Group Inc. (1.87%), Dimensional Fund Advisors LP (3.49%), Federated Investors Inc. PA (1.72%) and FMR LLC (1.97%). View Institutional Ownership Trends for Independence Contract Drilling.
Which major investors are selling Independence Contract Drilling stock?
Which major investors are buying Independence Contract Drilling stock?
ICD stock was acquired by a variety of institutional investors in the last quarter, including Walthausen & Co. LLC, Dimensional Fund Advisors LP, Renaissance Technologies LLC, BlackRock Inc., National Investment Services Inc. WI, Dupont Capital Management Corp, Teton Advisors Inc. and Putnam Investments LLC. View Insider Buying and Selling for Independence Contract Drilling.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Independence Contract Drilling's stock price today?
One share of ICD stock can currently be purchased for approximately $3.39.
How big of a company is Independence Contract Drilling?
Independence Contract Drilling has a market capitalization of $255.84 million and generates $90.01 million in revenue each year. The oil and gas company earns $-24,290,000.00 in net income (profit) each year or ($0.53) on an earnings per share basis. Independence Contract Drilling employs 390 workers across the globe.
What is Independence Contract Drilling's official website?
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]
MarketBeat Community Rating for Independence Contract Drilling (NYSE ICD)
MarketBeat's community ratings are surveys of what our community members think about Independence Contract Drilling and other stocks. Vote "Outperform" if you believe ICD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ICD will underperform the S&P 500 over the long term. You may vote once every thirty days.
