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NYSE:ICDIndependence Contract Drilling Stock Price, Forecast & News

$6.25
-0.10 (-1.57 %)
(As of 05/28/2020 01:29 PM ET)
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Compare
Today's Range
$6.13
Now: $6.25
$6.41
50-Day Range
$1.64
MA: $6.71
$12.93
52-Week Range
$1.08
Now: $6.25
$49.40
Volume2,012 shs
Average Volume181,680 shs
Market Capitalization$23.88 million
P/E RatioN/A
Dividend YieldN/A
Beta7.85
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. Its fleet consists of 32 rigs. The company was founded in 2011 and is headquartered in Houston, Texas.
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Independence Contract Drilling logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.47 out of 5 stars


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$203.60 million
Cash Flow$7.18 per share
Book Value$79.62 per share

Profitability

Net Income$-60,790,000.00

Miscellaneous

Employees900
Market Cap$23.88 million
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Independence Contract Drilling (NYSE:ICD) Frequently Asked Questions

How has Independence Contract Drilling's stock been impacted by COVID-19 (Coronavirus)?

Independence Contract Drilling's stock was trading at $0.25 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ICD shares have increased by 2,400.0% and is now trading at $6.25. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 5 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Independence Contract Drilling.

When is Independence Contract Drilling's next earnings date?

Independence Contract Drilling is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Independence Contract Drilling.

How were Independence Contract Drilling's earnings last quarter?

Independence Contract Drilling Inc (NYSE:ICD) announced its quarterly earnings results on Thursday, May, 7th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($2.88) by $0.06. The oil and gas company had revenue of $38.49 million for the quarter, compared to the consensus estimate of $34.50 million. Independence Contract Drilling had a negative net margin of 47.67% and a negative return on equity of 9.16%. View Independence Contract Drilling's earnings history.

When did Independence Contract Drilling's stock split? How did Independence Contract Drilling's stock split work?

Independence Contract Drilling shares reverse split on Thursday, March 12th 2020. The 1-20 reverse split was announced on Friday, February 28th 2020. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, March 11th 2020. An investor that had 100 shares of Independence Contract Drilling stock prior to the reverse split would have 5 shares after the split.

What price target have analysts set for ICD?

5 brokerages have issued 1 year price targets for Independence Contract Drilling's stock. Their forecasts range from $8.00 to $40.00. On average, they anticipate Independence Contract Drilling's share price to reach $22.67 in the next twelve months. This suggests a possible upside of 262.7% from the stock's current price. View analysts' price targets for Independence Contract Drilling.

Has Independence Contract Drilling been receiving favorable news coverage?

Headlines about ICD stock have trended very positive recently, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. 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 media sentiment score of 3.1 on InfoTrie's scale. They also assigned news stories 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 effect on the stock's share price in the next several days. View the latest news aboutIndependence Contract Drilling.

Are investors shorting Independence Contract Drilling?

Independence Contract Drilling saw a decline in short interest in May. As of May 15th, there was short interest totaling 434,400 shares, a decline of 50.2% from the April 30th total of 872,200 shares. Based on an average daily volume of 1,170,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 12.6% of the shares of the company are sold short. 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), Gold Standard Ventures (GSV), Gold Standard Ventures (GSV), Exxon Mobil (XOM), Amplify Energy (AMPY), Amplify Energy (AMPY), Energy Transfer LP Unit (ET), Ring Energy (REI), Ring Energy (REI) and Rosehill Resources (ROSE).

Who are Independence Contract Drilling's key executives?

Independence Contract Drilling's management team includes the following 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

What is Independence Contract Drilling's stock symbol?

Independence Contract Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "ICD."

Who are Independence Contract Drilling's major shareholders?

Independence Contract Drilling's stock is owned by a variety of retail and institutional investors. Top institutional investors include MSD Partners L.P. (24.66%), BlackRock Inc. (3.75%), State Street Corp (1.71%), Northwestern Mutual Investment Management Company LLC (1.09%) and Teton Advisors Inc. (0.65%). 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 institutional investors are selling Independence Contract Drilling stock?

ICD stock was sold by a variety of institutional investors in the last quarter, including MSD Partners L.P., BlackRock Inc., Northwestern Mutual Investment Management Company LLC, State Street Corp, and Teton Advisors Inc.. View insider buying and selling activity 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 $6.25.

How big of a company is Independence Contract Drilling?

Independence Contract Drilling has a market capitalization of $23.88 million and generates $203.60 million in revenue each year. The oil and gas company earns $-60,790,000.00 in net income (profit) each year or ($4.80) on an earnings per share basis. Independence Contract Drilling employs 900 workers across the globe.

What is Independence Contract Drilling's official website?

The official website for Independence Contract Drilling is 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]

This page was last updated on 5/28/2020 by MarketBeat.com Staff

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