About Independence Contract (NYSE:ICD)
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
Industry Drilling oil & gas wells
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:ICD
CUSIPN/A
Phone281-598-1230
Debt
Debt-to-Equity Ratio0.21%
Current Ratio1.62%
Quick Ratio1.47%
Price-To-Earnings
Trailing P/E Ratio-8.13
Forward P/E Ratio-16.46
P/E GrowthN/A
Sales & Book Value
Annual Sales$90.01 million
Price / Sales1.81
Cash Flow$0.1629 per share
Price / Cash26.27
Book Value$6.20 per share
Price / Book0.69
Profitability
EPS (Most Recent Fiscal Year)($0.53)
Net Income$-24,290,000.00
Net Margins-27.00%
Return on Equity-8.24%
Return on Assets-6.59%
Miscellaneous
Employees390
Outstanding Shares38,100,000
Independence Contract (NYSE:ICD) Frequently Asked Questions
What is Independence Contract's stock symbol?
Independence Contract trades on the New York Stock Exchange (NYSE) under the ticker symbol "ICD."
How were Independence Contract's earnings last quarter?
Independence Contract (NYSE:ICD) announced its quarterly earnings data on Monday, February, 26th. The oil and gas company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.11) by $0.01. The oil and gas company had revenue of $25.04 million for the quarter, compared to the consensus estimate of $24.43 million. Independence Contract had a negative return on equity of 8.24% and a negative net margin of 27.00%. The business's revenue for the quarter was up 39.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.14) earnings per share. View Independence Contract's Earnings History.
When is Independence Contract's next earnings date?
What price target have analysts set for ICD?
5 equities research analysts have issued 1-year price targets for Independence Contract's stock. Their predictions range from $5.00 to $8.00. On average, they expect Independence Contract's stock price to reach $6.25 in the next year. View Analyst Ratings for Independence Contract.
Who are some of Independence Contract's key competitors?
Some companies that are related to Independence Contract include Kimbell Royalty Partners (KRP), Sanchez Energy (SN), Ferrellgas Partners (FGP), Key Energy Services (KEG), Isramco (ISRL), Amerisur Resources (ASUXF), Compressco Partners (CCLP), Smart Sand (SND), Approach Resources (AREX), Ramaco Resources (METC), Pioneer Energy Services (PES), Rosehill Resources (ROSE), Cloud Peak Energy (CLD), Carbo Ceramics (CRR), Seadrill Partners (SDLP), Emerge Energy Services (EMES), Hallador Energy (HNRG) and RGC Resources (RGCO).
Who are Independence Contract's key executives?
Independence Contract's management team includes the folowing people:
- Mr. Byron A. Dunn, Pres, CEO & Director (Age 61)
- 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 been receiving favorable news coverage?
Headlines about ICD stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Independence Contract earned a news sentiment score of 0.10 on Accern's scale. They also assigned news coverage about the oil and gas company an impact score of 45.62 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
How do I buy shares of Independence Contract?
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's stock price today?
One share of ICD stock can currently be purchased for approximately $4.28.
How big of a company is Independence Contract?
Independence Contract has a market capitalization of $163.82 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 employs 390 workers across the globe.
How can I contact Independence Contract?
Independence Contract'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.
MarketBeat Community Rating for Independence Contract (ICD)
MarketBeat's community ratings are surveys of what our community members think about Independence Contract 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.
Independence Contract (NYSE:ICD) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Independence Contract in the last 12 months. Their average twelve-month price target is $6.25, suggesting that the stock has a possible upside of 46.03%. The high price target for ICD is $8.00 and the low price target for ICD is $5.00. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.80 | 2.80 | 2.83 | 2.83 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $6.25 | $6.25 | $5.9375 | $6.1250 |
| Price Target Upside: | 46.03% upside | 46.37% upside | 25.00% upside | 74.50% upside |
Independence Contract (NYSE:ICD) Consensus Price Target History
Independence Contract (NYSE:ICD) Analyst Ratings History
Show:
(Data available from 4/20/2016 forward)
Independence Contract (NYSE:ICD) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Independence Contract (NYSE ICD) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 11.80%
Institutional Ownership Percentage: 74.93%
Independence Contract (NYSE ICD) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/7/2016 | Thomas R Bates Jr | Director | Buy | 10,000 | $4.04 | $40,400.00 | 40,122 |  |
| 8/17/2016 | Resource Corp Sprott | Major Shareholder | Sell | 1,000,000 | $4.50 | $4,500,000.00 | | |
| 5/13/2015 | Joseph Scott Thompson | Insider | Buy | 5,000 | $7.90 | $39,500.00 | | |
| 8/13/2014 | Global Energy Advisors Sas 4D | Major Shareholder | Buy | 600,000 | $11.00 | $6,600,000.00 | | |
| 8/13/2014 | Matthew D Fitzgerald | Director | Buy | 3,000 | $11.00 | $33,000.00 | | |
(Data available from 1/1/2013 forward)
Independence Contract (NYSE ICD) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Independence Contract (ICD) Set to Announce Earnings on Thursday
www.americanbankingnews.com - April 19 at 3:34 AM |
 | Independence Contract Drilling, Inc. Announces Timing of First Quarter 2018 Financial Results and Conference Call
finance.yahoo.com - April 12 at 4:40 PM |
| $24.80 Million in Sales Expected for Independence Contract (ICD) This Quarter
www.americanbankingnews.com - April 12 at 3:54 AM |
| -$0.12 Earnings Per Share Expected for Independence Contract (ICD) This Quarter
www.americanbankingnews.com - April 10 at 11:50 AM |
| Independence Contract (ICD) Upgraded to Hold by Zacks Investment Research
www.americanbankingnews.com - April 9 at 7:30 PM |
| Independence Contract (ICD) Upgraded to Sell by ValuEngine
www.americanbankingnews.com - April 8 at 11:49 AM |
| Independence Contract (ICD) Lifted to Hold at Zacks Investment Research
www.americanbankingnews.com - April 2 at 7:02 PM |
| Independence Contract (ICD) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - April 1 at 11:38 AM |
| Independence Contract (ICD) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - March 31 at 12:46 AM |
| Independence Contract (ICD) Rating Increased to Hold at Zacks Investment Research
www.americanbankingnews.com - March 27 at 10:56 PM |
| B. Riley Reiterates $8.00 Price Target for Independence Contract (ICD)
www.americanbankingnews.com - March 26 at 1:24 PM |
| Independence Contract (ICD) Given a $8.00 Price Target by B. Riley Analysts
www.americanbankingnews.com - March 24 at 5:44 PM |
| Independence Contract (ICD) Upgraded to "C-" at TheStreet
www.americanbankingnews.com - March 24 at 5:42 PM |
| Zacks: Brokerages Expect Independence Contract (ICD) Will Post Earnings of -$0.12 Per Share
www.americanbankingnews.com - March 24 at 9:50 AM |
| Comparing Basic Energy Services (BAS) & Independence Contract (ICD)
www.americanbankingnews.com - March 24 at 7:15 AM |
| Independence Contract Drilling Inc’s (NYSE:ICD) Earnings Dropped -9.56%, Did Its Industry Show Weakness Too?
finance.yahoo.com - March 22 at 9:28 AM |
| Edited Transcript of ICD earnings conference call or presentation 26-Feb-18 5:00pm GMT
finance.yahoo.com - March 18 at 9:10 AM |
| Independence Contract Drilling (ICD) Cut to "Sell" at Zacks Investment Research
www.americanbankingnews.com - March 14 at 11:54 PM |
| $24.80 Million in Sales Expected for Independence Contract Drilling Inc (ICD) This Quarter
www.americanbankingnews.com - March 9 at 3:35 PM |
| Independence Contract Drilling Inc (ICD) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - March 7 at 11:15 AM |
| Napier Park Global Capital US LP Boosts Stake in Independence Contract Drilling Inc (ICD)
www.americanbankingnews.com - March 5 at 1:54 PM |
| Independence Contract Drilling Inc to Post Q1 2018 Earnings of ($0.12) Per Share, B. Riley Forecasts (ICD)
www.americanbankingnews.com - March 5 at 2:08 AM |
| Independence Contract Drilling (ICD) Downgraded by Zacks Investment Research
www.americanbankingnews.com - March 4 at 9:12 AM |
| Independence Contract Drilling Inc (ICD) to Post Q1 2019 Earnings of $0.01 Per Share, B. Riley Forecasts
www.americanbankingnews.com - March 2 at 3:21 PM |
| Q1 2018 EPS Estimates for Independence Contract Drilling Inc Reduced by Capital One Financial (ICD)
www.americanbankingnews.com - March 1 at 7:30 AM |
| Independence Contract Drilling Inc (ICD) Holdings Increased by Royce & Associates LP
www.americanbankingnews.com - February 28 at 9:42 AM |
| Independence Contract Drilling (ICD) PT Set at $6.00 by Royal Bank of Canada
www.americanbankingnews.com - February 27 at 4:10 PM |
| Dumac Inc. Takes Position in Independence Contract Drilling Inc (ICD)
www.americanbankingnews.com - February 26 at 3:36 PM |
| Independence Contract Drilling (ICD) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS
www.americanbankingnews.com - February 26 at 9:32 AM |
| Independence Contract Drilling, Inc. to Host Earnings Call
finance.yahoo.com - February 26 at 9:07 AM |
| Independence Contract Drilling, Inc. Reports Financial Results For The Fourth Quarter And Year Ended December 31, 2017
finance.yahoo.com - February 26 at 9:07 AM |
| Independence Contract Drilling Inc (ICD) Expected to Announce Quarterly Sales of $24.15 Million
www.americanbankingnews.com - February 20 at 4:56 AM |
| Independence Contract Drilling (ICD) Scheduled to Post Quarterly Earnings on Monday
www.americanbankingnews.com - February 19 at 4:30 AM |
| Independence Contract Drilling (ICD) Given a $8.00 Price Target at B. Riley
www.americanbankingnews.com - February 18 at 9:50 PM |
| Independence Contract Drilling Inc (ICD) Expected to Post Earnings of -$0.11 Per Share
www.americanbankingnews.com - February 18 at 1:44 PM |
| Independence Contract Drilling Inc (ICD) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - February 10 at 12:14 PM |
| Independence Contract Drilling, Inc. Announces Timing of Fourth Quarter and Year End 2017 Financial Results and Conference Call
finance.yahoo.com - February 6 at 4:18 PM |
| Zacks: Analysts Expect Independence Contract Drilling Inc (ICD) Will Announce Quarterly Sales of $24.15 Million
www.americanbankingnews.com - February 3 at 5:46 AM |
| Independence Contract Drilling Inc (ICD) Expected to Post Quarterly Sales of $24.15 Million
www.americanbankingnews.com - January 17 at 12:06 PM |
| Independence Contract Drilling Inc (ICD) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - January 16 at 12:12 PM |
| -$0.11 Earnings Per Share Expected for Independence Contract Drilling Inc (ICD) This Quarter
www.americanbankingnews.com - January 15 at 3:08 PM |
| Independence Contract Drilling (ICD) Given a $6.00 Price Target by Cowen Analysts
www.americanbankingnews.com - January 14 at 9:38 AM |
| $24.15 Million in Sales Expected for Independence Contract Drilling Inc (ICD) This Quarter
www.americanbankingnews.com - December 31 at 6:58 AM |
| Brokerages Anticipate Independence Contract Drilling Inc (ICD) Will Post Earnings of -$0.11 Per Share
www.americanbankingnews.com - December 29 at 7:24 PM |
| Head-To-Head Survey: Independence Contract Drilling (ICD) vs. Blue Ridge Mountain Resources (MHRCQ)
www.americanbankingnews.com - December 23 at 7:24 PM |
| Independence Contract Drilling (ICD) Given a $5.00 Price Target by Royal Bank of Canada Analysts
www.americanbankingnews.com - December 22 at 3:08 PM |
| Independence Contract Drilling Inc (ICD) Receives Consensus Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - December 22 at 11:56 AM |
| ETFs with exposure to Independence Contract Drilling, Inc. : December 19, 2017
finance.yahoo.com - December 19 at 4:03 PM |
| Zacks: Brokerages Anticipate Independence Contract Drilling Inc (ICD) Will Announce Quarterly Sales of $24.15 Million
www.americanbankingnews.com - December 14 at 8:42 AM |
| ETFs with exposure to Independence Contract Drilling, Inc. : December 7, 2017
finance.yahoo.com - December 7 at 4:15 PM |
Independence Contract (NYSE:ICD) SEC Filings
This page is loading this company's SEC Filings. Please wait...
Independence Contract (NYSE:ICD) Income Statement, Balance Sheet and Cash Flow Statement
Independence Contract (NYSE ICD) Stock Chart for Friday, April, 20, 2018
Loading chart…
