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
SymbolNYSE:ICD
CUSIPN/A
Phone281-598-1230
Debt
Debt-to-Equity Ratio0.26
Current Ratio1.39
Quick Ratio1.26
Price-To-Earnings
Trailing P/E Ratio-8.15
Forward P/E Ratio-18.28
P/E GrowthN/A
Sales & Book Value
Annual Sales$90.01 million
Price / Sales1.93
Cash Flow$0.1953 per share
Price / Cash23.40
Book Value$6.20 per share
Price / Book0.74
Profitability
EPS (Most Recent Fiscal Year)($0.53)
Net Income$-24,290,000.00
Net Margins-19.21%
Return on Equity-7.34%
Return on Assets-5.63%
Miscellaneous
Employees390
Outstanding Shares38,100,000
Market Cap$145.92 million
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) issued its earnings results on Thursday, August, 2nd. The oil and gas company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. The oil and gas company earned $25.75 million during the quarter, compared to the consensus estimate of $25.70 million. Independence Contract Drilling had a negative net margin of 19.21% and a negative return on equity of 7.34%. View Independence Contract Drilling's Earnings History.
When is Independence Contract Drilling's next earnings date?
What price target have analysts set for ICD?
5 brokers have issued 12 month price targets for Independence Contract Drilling's stock. Their forecasts range from $5.50 to $8.00. On average, they expect Independence Contract Drilling's share price to reach $6.3750 in the next year. This suggests a possible upside of 39.5% from the stock's current price. View Analyst Price Targets for Independence Contract Drilling.
What is the consensus analysts' recommendation for Independence Contract Drilling?
5 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Independence Contract Drilling.
Who are some of Independence Contract Drilling's key competitors?
Who are Independence Contract Drilling's key executives?
Independence Contract Drilling's management team includes the folowing people:
- Mr. Byron A. Dunn, Pres, CEO & Director (Age 60)
- Mr. Philip A. Choyce, Exec. VP, CFO, Treasurer & Sec. (Age 51)
- Mr. Christopher K. Menefee, VP of Bus. Devel. (Age 41)
- Mr. Philip A. Dalrymple, VP of Operations (Age 39)
- Mr. Michael J. Harwell, Chief Accounting Officer & VP of Fin. (Age 49)
Has Independence Contract Drilling been receiving favorable news coverage?
Media headlines about ICD stock have trended somewhat positive this week, according to Accern. Accern identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Independence Contract Drilling earned a daily sentiment score of 0.18 on Accern's scale. They also assigned media stories about the oil and gas company an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for Independence Contract Drilling.
Who are Independence Contract Drilling's major shareholders?
Independence Contract Drilling's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Royce & Associates LP (5.71%), BlackRock Inc. (4.44%), Dimensional Fund Advisors LP (2.97%), FMR LLC (2.37%), Bank of New York Mellon Corp (0.85%) and Bank of New York Mellon Corp (0.85%). 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 bought by a variety of institutional investors in the last quarter, including Teton Advisors Inc., Royce & Associates LP, Dimensional Fund Advisors LP, Renaissance Technologies LLC, BlackRock Inc., Perella Weinberg Partners Capital Management LP, Acadian Asset Management LLC and Marquette Asset Management 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 $4.57.
How big of a company is Independence Contract Drilling?
Independence Contract Drilling has a market capitalization of $145.92 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.
How can I contact Independence Contract Drilling?
Independence Contract Drilling's mailing address is 11601 NORTH GALAYDA STREET, HOUSTON TX, 77086. 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.
