NYSE:ICD - Independence Contract Drilling Stock Price, News, & Analysis

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$3.18 -0.04 (-1.24 %)
(As of 12/18/2018 04:00 PM ET)
Previous Close$3.22
Today's Range$3.14 - $3.31
52-Week Range$2.97 - $5.48
Volume25,881 shs
Average Volume137,905 shs
Market Capitalization$227.08 million
P/E Ratio-5.96
Dividend YieldN/A
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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Drilling oil & gas wells
Current SymbolNYSE:ICD
Previous Symbol


Debt-to-Equity Ratio0.30
Current Ratio1.72
Quick Ratio1.58


Trailing P/E Ratio-5.96
Forward P/E Ratio-12.72
P/E GrowthN/A

Sales & Book Value

Annual Sales$90.01 million
Price / Sales2.67
Cash Flow$0.1735 per share
Price / Cash Flow18.33
Book Value$6.20 per share
Price / Book0.51


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%


Outstanding Shares75,690,000
Market Cap$227.08 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) announced its quarterly earnings results on Tuesday, November, 6th. The oil and gas company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The oil and gas company earned $28.44 million during the quarter, compared to analysts' expectations of $28.80 million. Independence Contract Drilling had a negative return on equity of 6.05% and a negative net margin of 16.35%. 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 Monday, February 25th 2019. View Earnings Estimates for Independence Contract Drilling.

What price target have analysts set for ICD?

4 brokerages have issued 1-year target prices for Independence Contract Drilling's shares. Their predictions range from $6.00 to $8.00. On average, they anticipate Independence Contract Drilling's stock price to reach $6.50 in the next twelve months. This suggests a possible upside of 105.7% 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?

Press coverage about ICD stock has trended somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Independence Contract Drilling earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave news headlines about the oil and gas company a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely to have an effect on the company's share price in the next few days.

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. 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 a number of of retail and institutional investors. Top institutional investors include Royce & Associates LP (5.59%), BlackRock Inc. (4.73%), Vanguard Group Inc (1.87%), Vanguard Group Inc. (1.87%), Dimensional Fund Advisors LP (3.49%) and Federated Investors Inc. PA (1.72%). View Institutional Ownership Trends for Independence Contract Drilling.

Which major investors are selling Independence Contract Drilling stock?

ICD stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Penn Capital Management Co. Inc., Russell Investments Group Ltd., Royce & Associates LP and Bank of New York Mellon Corp. View Insider Buying and Selling for Independence Contract Drilling.

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 $3.16.

How big of a company is Independence Contract Drilling?

Independence Contract Drilling has a market capitalization of $227.08 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?

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:  2.8 out of 5 (star star)
Outperform Votes:  223 (Vote Outperform)
Underperform Votes:  169 (Vote Underperform)
Total Votes:  392
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 12/18/2018 by MarketBeat.com Staff

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