Independence Contract Drilling Company Profile (NYSE:ICD)

About Independence Contract Drilling (NYSE:ICD)

Independence Contract Drilling logoIndependence 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 ShaleDriller rigs to optimize the development of various oil and gas properties in the Permian Basin. As of December 31, 2016, it had 12 rigs. The company was founded in 2011 and is headquartered in Houston, Texas.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Drilling & Exploration
  • Sub-Industry: N/A
  • Symbol: NYSE:ICD
  • CUSIP: N/A
  • Web: www.icdrilling.com
Capitalization:
  • Market Cap: $131.5 million
  • Outstanding Shares: 37,679,000
Average Prices:
  • 50 Day Moving Avg: $3.60
  • 200 Day Moving Avg: $3.93
  • 52 Week Range: $2.91 - $7.30
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -26.85
  • P/E Growth: -1.00
Sales & Book Value:
  • Annual Revenue: $73.97 million
  • Price / Sales: 1.78
  • Book Value: $6.54 per share
  • Price / Book: 0.53
Profitability:
  • EBITDA: $6.78 million
  • Net Margins: -40.75%
  • Return on Equity: -8.62%
  • Return on Assets: -7.24%
Debt:
  • Debt-to-Equity Ratio: 0.16%
  • Current Ratio: 1.80%
  • Quick Ratio: 1.66%
Misc:
  • Average Volume: 123,017 shs.
  • Beta: 2.85
  • Short Ratio: 4.69
 

Frequently Asked Questions for Independence Contract Drilling (NYSE:ICD)

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 quarterly earnings results on Thursday, July, 27th. The company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.00. The firm earned $21.29 million during the quarter, compared to the consensus estimate of $21.24 million. Independence Contract Drilling had a negative net margin of 40.75% and a negative return on equity of 8.62%. The business's revenue was up 40.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.07) EPS. View Independence Contract Drilling's Earnings History.

When will Independence Contract Drilling make its next earnings announcement?

Independence Contract Drilling is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Independence Contract Drilling.

Where is Independence Contract Drilling's stock going? Where will Independence Contract Drilling's stock price be in 2017?

6 brokerages have issued twelve-month target prices for Independence Contract Drilling's stock. Their predictions range from $5.00 to $8.50. On average, they anticipate Independence Contract Drilling's stock price to reach $6.13 in the next twelve months. View Analyst Ratings for Independence Contract Drilling.

Who are some of Independence Contract Drilling's key competitors?

How do I buy Independence Contract Drilling stock?

Shares of Independence Contract Drilling can be purchased through any online brokerage account. Popular online brokerages 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 Independence Contract Drilling stock can currently be purchased for approximately $3.49.


MarketBeat Community Rating for Independence Contract Drilling (NYSE ICD)
Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  152 (Vote Outperform)
Underperform Votes:  105 (Vote Underperform)
Total Votes:  257
MarketBeat's community ratings are surveys of what our community members think about Independence Contract Drilling and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Independence Contract Drilling (NYSE:ICD) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.83)
Consensus Price Target: $6.13 (75.50% upside)
Consensus Price Target History for Independence Contract Drilling (NYSE:ICD)
Price Target History for Independence Contract Drilling (NYSE:ICD)
Analysts' Ratings History for Independence Contract Drilling (NYSE:ICD)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/18/2017Cowen and CompanySet Price TargetBuy$5.00N/AView Rating Details
9/29/2017Royal Bank Of CanadaLower Price TargetOutperform -> Outperform$7.00 -> $6.00LowView Rating Details
6/21/2017Morgan StanleyDowngradeOverweight -> Equal Weight$8.50 -> $5.00HighView Rating Details
2/28/2017Capital One Financial CorporationUpgradeEqual Weight -> OverweightN/AView Rating Details
12/28/2016FBR & CoBoost Price TargetOutperform$6.25 -> $8.50N/AView Rating Details
11/29/2016Tudor PickeringUpgradeHold -> BuyN/AView Rating Details
9/15/2016DA DavidsonInitiated CoverageBuy$7.00N/AView Rating Details
8/16/2016NomuraSet Price TargetBuy$8.00N/AView Rating Details
7/7/2016Iberia CapitalReiterated RatingOutperform$5.00 -> $7.00N/AView Rating Details
10/30/2015Evercore ISILower Price Target$10.00 -> $8.00N/AView Rating Details
(Data available from 10/19/2015 forward)

Earnings

Earnings History for Independence Contract Drilling (NYSE:ICD)
Earnings by Quarter for Independence Contract Drilling (NYSE:ICD)
Earnings History by Quarter for Independence Contract Drilling (NYSE ICD)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/24/2017($0.11)N/AView Earnings Details
7/27/2017Q2 2017($0.13)($0.13)$21.24 million$21.29 millionViewN/AView Earnings Details
4/27/2017Q1 2017($0.14)($0.14)$19.86 million$20.20 millionViewN/AView Earnings Details
2/28/2017Q416($0.15)($0.14)$17.39 million$18.00 millionViewListenView Earnings Details
10/26/2016Q316($0.15)($0.17)$14.66 million$14.50 millionViewListenView Earnings Details
7/28/2016Q216($0.10)($0.07)$15.15 million$15.20 millionViewListenView Earnings Details
4/28/2016Q116($0.07)($0.02)$21.00 million$22.46 millionViewListenView Earnings Details
2/18/2016Q415($0.07)($0.04)$23.03 million$23.70 millionViewListenView Earnings Details
10/29/2015Q315($0.09)($0.05)$20.40 million$21.30 millionViewListenView Earnings Details
8/6/2015Q215($0.05)($0.03)$21.37 million$21.10 millionViewN/AView Earnings Details
5/7/2015Q115$0.02$0.03$21.67 million$22.31 millionViewN/AView Earnings Details
3/5/2015Q414$0.01$0.02$21.80 million$20.00 millionViewN/AView Earnings Details
11/10/2014Q314($0.04)($0.01)$18.23 million$19.12 millionViewN/AView Earnings Details
9/11/2014Q214($0.12)($0.09)$14.70 million$14.70 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Independence Contract Drilling (NYSE:ICD)
2017 EPS Consensus Estimate: ($0.31)
2018 EPS Consensus Estimate: $0.06
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173($0.13)($0.10)($0.11)
Q2 20173($0.09)($0.09)($0.09)
Q3 20173($0.07)($0.05)($0.06)
Q4 20173($0.05)($0.04)($0.04)
Q1 20182($0.05)$0.05$0.00
Q2 20182($0.03)$0.04$0.01
Q3 20182$0.00$0.05$0.03
Q4 20182$0.01$0.05$0.03
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Independence Contract Drilling (NYSE:ICD)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Independence Contract Drilling (NYSE:ICD)
Insider Ownership Percentage: 11.80%
Institutional Ownership Percentage: 80.91%
Insider Trades by Quarter for Independence Contract Drilling (NYSE:ICD)
Institutional Ownership by Quarter for Independence Contract Drilling (NYSE:ICD)
Insider Trades by Quarter for Independence Contract Drilling (NYSE:ICD)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/7/2016Thomas R Bates JrDirectorBuy10,000$4.04$40,400.00View SEC Filing  
8/17/2016Resource Corp SprottMajor ShareholderSell1,000,000$4.50$4,500,000.00View SEC Filing  
5/13/2015Joseph Scott ThompsonInsiderBuy5,000$7.90$39,500.00View SEC Filing  
8/13/2014Global Energy Advisors Sas 4DMajor ShareholderBuy600,000$11.00$6,600,000.00View SEC Filing  
8/13/2014Matthew D FitzgeraldDirectorBuy3,000$11.00$33,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Independence Contract Drilling (NYSE:ICD)
Latest Headlines for Independence Contract Drilling (NYSE:ICD)
Source:
DateHeadline
americanbankingnews.com logoIndependence Contract Drilling, Inc. (ICD) Set to Announce Earnings on Tuesday
www.americanbankingnews.com - October 17 at 5:40 AM
americanbankingnews.com logoHead to Head Contrast: Independence Contract Drilling (ICD) and North Atlantic Drilling (NADL)
www.americanbankingnews.com - October 13 at 8:32 PM
finance.yahoo.com logoIndependence Contract Drilling, Inc. Announces Timing of Third Quarter 2017 Financial Results and Conference Call
finance.yahoo.com - October 10 at 7:09 PM
americanbankingnews.com logoIndependence Contract Drilling, Inc. (ICD) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - October 8 at 1:16 PM
finance.yahoo.com logoETFs with exposure to Independence Contract Drilling, Inc. : October 5, 2017
finance.yahoo.com - October 5 at 9:10 PM
finance.yahoo.com logoHow Does Independence Contract Drilling Inc (ICD) Affect Your Portfolio Returns?
finance.yahoo.com - October 5 at 9:10 PM
americanbankingnews.com logoIndependence Contract Drilling, Inc. (ICD) Price Target Cut to $6.00 by Analysts at Royal Bank Of Canada
www.americanbankingnews.com - September 29 at 8:58 AM
americanbankingnews.com logoFinancial Analysis: Independence Contract Drilling (ICD) vs. Ring Energy (REI)
www.americanbankingnews.com - September 24 at 6:32 AM
americanbankingnews.com logoIndependence Contract Drilling, Inc. (ICD) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - September 13 at 3:16 PM
americanbankingnews.com logoFinancial Comparison: Independence Contract Drilling (ICD) & Halcon Resources Corporation (HK)
www.americanbankingnews.com - September 3 at 10:10 AM
americanbankingnews.com logoBreitburn Energy Partners (BBEP) versus Independence Contract Drilling (ICD) Financial Comparison
www.americanbankingnews.com - August 21 at 12:22 PM
americanbankingnews.com logoIndependence Contract Drilling, Inc. (ICD) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - August 19 at 1:14 PM
finance.yahoo.com logoETFs with exposure to Independence Contract Drilling, Inc. : August 14, 2017
finance.yahoo.com - August 14 at 10:03 PM
americanbankingnews.com logoIndependence Contract Drilling, Inc. (ICD) Rating Reiterated by Cowen and Company
www.americanbankingnews.com - August 12 at 3:34 PM
247wallst.com logoRBC Oilfield Services Stocks to Buy With Up to 100% and More Upside Potential
247wallst.com - August 1 at 3:19 PM
americanbankingnews.com logoHead-To-Head Contrast: Independence Contract Drilling (NYSE:ICD) versus SandRidge Energy (SD)
www.americanbankingnews.com - July 31 at 6:33 PM
americanbankingnews.com logoIndependence Contract Drilling, Inc. (ICD) Expected to Post Q1 2018 Earnings of ($0.05) Per Share
www.americanbankingnews.com - July 31 at 8:45 AM
americanbankingnews.com logoIndependence Contract Drilling Inc (NYSE:ICD) Issues Quarterly Earnings Results, Hits Expectations
www.americanbankingnews.com - July 29 at 11:38 PM
finance.yahoo.com logoIndependence Contract Drilling, Inc. :ICD-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017
finance.yahoo.com - July 28 at 10:50 PM
finance.yahoo.com logoEdited Transcript of ICD earnings conference call or presentation 27-Jul-17 4:00pm GMT
finance.yahoo.com - July 28 at 3:16 AM
seekingalpha.com logoIndependence Contract Drilling EPS in-line, beats on revenue
seekingalpha.com - July 27 at 10:14 PM
finance.yahoo.com logoIndependence Contract Drilling, Inc. Reports Financial Results For The Second Quarter Ended June 30, 2017
finance.yahoo.com - July 27 at 10:14 PM
americanbankingnews.com logoHead to Head Contrast: Noble Corporation (NE) and Independence Contract Drilling (ICD)
www.americanbankingnews.com - July 26 at 8:54 AM
americanbankingnews.com logoIndependence Contract Drilling, Inc. (NYSE:ICD) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - July 25 at 12:53 PM
americanbankingnews.com logoOcean Rig UDW (ORIG) and Independence Contract Drilling (NYSE:ICD) Head to Head Survey
www.americanbankingnews.com - July 22 at 12:13 AM
americanbankingnews.com logoRoyal Bank Of Canada Reaffirms "Buy" Rating for Independence Contract Drilling, Inc. (ICD)
www.americanbankingnews.com - July 20 at 6:32 PM
americanbankingnews.com logoIndependence Contract Drilling, Inc. (NYSE:ICD) Expected to Announce Quarterly Sales of $22.80 Million
www.americanbankingnews.com - July 14 at 1:57 PM
americanbankingnews.com logo Brokerages Anticipate Independence Contract Drilling, Inc. (ICD) Will Post Earnings of -$0.12 Per Share
www.americanbankingnews.com - July 12 at 4:16 PM
finance.yahoo.com logoIndependence Contract Drilling, Inc. Announces Timing of Second Quarter 2017 Financial Results and Conference Call
finance.yahoo.com - July 11 at 11:33 PM
reuters.com logoBRIEF-Independence Contract qtrly adjusted loss per share $0.14
www.reuters.com - April 28 at 6:48 PM
seekingalpha.com logoIndependence Contract Drilling misses by $0.01, beats on revenue
seekingalpha.com - April 28 at 6:48 PM
zacks.com logoWill 2017 Be the Year of Energy IPO Revival?
www.zacks.com - April 12 at 5:56 PM
reuters.com logoBRIEF-Independence Contract Drilling's revised capital budget for 2017 is about $21 million
www.reuters.com - March 28 at 11:17 AM
reuters.com logoBRIEF-Independence Contract Drilling Q4 adjusted loss $0.14/shr
www.reuters.com - March 1 at 10:29 PM
us.rd.yahoo.com logoIndependence Contract Drilling, Inc. Reports Financial Results For The Fourth Quarter And Year Ended December 31, 2016
us.rd.yahoo.com - March 1 at 11:51 AM
us.rd.yahoo.com logo6:35 am Independence Contract Drilling beats by $0.01, beats on revs
us.rd.yahoo.com - March 1 at 11:51 AM
us.rd.yahoo.com logoIndependence Contract Drilling upgraded by CapitalOne
us.rd.yahoo.com - March 1 at 11:51 AM
seekingalpha.com logoIndependence Contract Drilling's (ICD) CEO Byron Dunn on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 28 at 5:57 PM
seekingalpha.com logoIndependence Contract Drilling beats by $0.01, beats on revenue
seekingalpha.com - February 28 at 9:13 AM
biz.yahoo.com logoQ4 2016 Independence Contract Drilling Inc Earnings Release - Before Market Open
biz.yahoo.com - February 28 at 9:13 AM
seekingalpha.com logoIndependence Contract Drilling: Riding The U.S. Onshore Rebound
seekingalpha.com - February 13 at 11:21 AM
biz.yahoo.com logoINDEPENDENCE CONTRACT DRILLING, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Stateme
biz.yahoo.com - January 4 at 4:53 PM
zacks.com logoShould You Get Rid of Independence Contract Drilling (ICD) Now?
www.zacks.com - November 1 at 10:02 AM
cnbc.com logoIndependent Contract Drilling posts 3Q loss
www.cnbc.com - October 27 at 10:19 AM
biz.yahoo.com logoINDEPENDENCE CONTRACT DRILLING, INC. Files SEC form 8-K, Results of Operations and Financial Condition
biz.yahoo.com - October 26 at 8:44 AM
biz.yahoo.com logoQ3 2016 Independence Contract Drilling Inc Earnings Release - Before Market Open
biz.yahoo.com - October 26 at 8:44 AM
biz.yahoo.com logoINDEPENDENCE CONTRACT DRILLING, INC. Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - August 23 at 5:44 PM
biz.yahoo.com logoINDEPENDENCE CONTRACT DRILLING, INC. Files SEC form 8-K, Regulation FD Disclosure
biz.yahoo.com - August 15 at 5:47 PM
biz.yahoo.com logoINDEPENDENCE CONTRACT DRILLING, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Fin
biz.yahoo.com - August 10 at 5:52 PM

Social

Chart

Independence Contract Drilling (ICD) Chart for Thursday, October, 19, 2017

This page was last updated on 10/19/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.