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Independence Contract Drilling Stock Price, Forecast & Analysis (NYSE:ICD)

$0.87
-0.02 (-2.25 %)
(As of 11/14/2019 04:00 PM ET)
Today's Range
$0.85
Now: $0.87
$0.90
50-Day Range
$0.72
MA: $0.95
$1.33
52-Week Range
$0.68
Now: $0.87
$3.69
Volume65,300 shs
Average Volume230,207 shs
Market Capitalization$66.36 million
P/E RatioN/A
Dividend YieldN/A
Beta2.04
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 and the Haynesville Shale. Read More…

Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone281-598-1230

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$142.61 million
Cash Flow$0.30 per share
Book Value$4.81 per share

Profitability

Net Income$-19,990,000.00

Miscellaneous

Employees900
Market Cap$66.36 million
Next Earnings Date3/6/2020 (Estimated)
OptionableOptionable

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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) posted its earnings results on Thursday, October, 31st. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.12) by $0.02. The oil and gas company had revenue of $45.07 million for the quarter, compared to analysts' expectations of $45.05 million. Independence Contract Drilling had a negative return on equity of 2.47% and a negative net margin of 15.55%. View Independence Contract Drilling's Earnings History.

When is Independence Contract Drilling's next earnings date?

Independence Contract Drilling is scheduled to release their next quarterly earnings announcement on Friday, March 6th 2020. View Earnings Estimates for Independence Contract Drilling.

What guidance has Independence Contract Drilling issued on next quarter's earnings?

Independence Contract Drilling updated its third quarter 2019 earnings guidance on Monday, October, 14th. The company provided earnings per share (EPS) guidance of $-0.11--0.1 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.08.

What price target have analysts set for ICD?

4 brokerages have issued 1-year target prices for Independence Contract Drilling's shares. Their forecasts range from $2.00 to $5.00. On average, they expect Independence Contract Drilling's stock price to reach $3.00 in the next twelve months. This suggests a possible upside of 244.8% 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 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Independence Contract Drilling.

Has Independence Contract Drilling been receiving favorable news coverage?

News stories about ICD stock have been trending somewhat negative recently, InfoTrie reports. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Independence Contract Drilling earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave press coverage about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Independence Contract Drilling.

Are investors shorting Independence Contract Drilling?

Independence Contract Drilling saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,250,000 shares, an increase of 5.9% from the September 30th total of 1,180,000 shares. Based on an average daily volume of 259,700 shares, the short-interest ratio is currently 4.8 days. Approximately 2.0% of the shares of the company are short sold. View Independence Contract Drilling's Current Options Chain.

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), Mondi (MNDI), Advanced Micro Devices (AMD), Abraxas Petroleum (AXAS), Chesapeake Energy (CHK), WPX Energy (WPX), Exxon Mobil (XOM), Adamis Pharmaceuticals (ADMP), Clarus (CLAR) and Immunomedics (IMMU).

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 52)
  • Mr. Christopher K. Menefee, Sr. VP of Bus. Devel. (Age 42)
  • Mr. John Anthony Gallegos Jr., Director, Pres & CEO (Age 49)
  • Mr. Michael J. Harwell, VP of Fin. & Chief Accounting Officer (Age 50)
  • 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 retail and institutional investors. Top institutional investors include Foundry Partners LLC (1.52%) and Teton Advisors Inc. (0.54%). Company insiders that own Independence Contract Drilling stock include Credit Opportunity Master Msd, James Minmier, John A Jr Gallegos, Matthew D Fitzgerald, 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 purchased by a variety of institutional investors in the last quarter, including Foundry Partners LLC and Teton Advisors Inc.. 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 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, Robinhood, Fidelity and Charles Schwab.

What is Independence Contract Drilling's stock price today?

One share of ICD stock can currently be purchased for approximately $0.87.

How big of a company is Independence Contract Drilling?

Independence Contract Drilling has a market capitalization of $66.36 million and generates $142.61 million in revenue each year. The oil and gas company earns $-19,990,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis. Independence Contract Drilling employs 900 workers across the globe.View Additional Information About Independence Contract Drilling.

What is Independence Contract Drilling's official website?

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

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)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  267 (Vote Outperform)
Underperform Votes:  227 (Vote Underperform)
Total Votes:  494
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.
This page was last updated on 11/14/2019 by MarketBeat.com Staff

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