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: $129.3 million
  • Outstanding Shares: 37,679,000
Average Prices:
  • 50 Day Moving Avg: $3.33
  • 200 Day Moving Avg: $4.15
  • 52 Week Range: $2.91 - $7.30
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -28.54
  • P/E Growth: -1.02
Sales & Book Value:
  • Annual Revenue: $73.97 million
  • Price / Sales: 1.89
  • Book Value: $6.54 per share
  • Price / Book: 0.57
Profitability:
  • EBIDTA: $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: 142,197 shs.
  • Beta: 2.78
  • 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) released its quarterly earnings results on Thursday, July, 27th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.00. The firm had revenue of $21.29 million for the quarter, compared to analysts' expectations of $21.24 million. Independence Contract Drilling had a negative return on equity of 8.62% and a negative net margin of 40.75%. The company's revenue was up 40.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($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 brokers have issued 1-year 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 share price to reach $6.38 in the next year. View Analyst Ratings for Independence Contract Drilling.

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

Who owns Independence Contract Drilling stock?

Independence Contract Drilling's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Capital Research Global Investors (11.58%), Jennison Associates LLC (5.53%), Royce & Associates LP (4.96%), Lime Rock Management LP (4.04%), Federated Investors Inc. PA (3.89%) and Vanguard Group Inc. (3.55%). Company insiders that own Independence Contract Drilling stock include Resource Corp Sprott and Thomas R Bates Jr. View Institutional Ownership Trends for Independence Contract Drilling.

Who sold Independence Contract Drilling stock? Who is selling Independence Contract Drilling stock?

Independence Contract Drilling's stock was sold by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Capital Research Global Investors, GLG Partners LP, TIAA CREF Investment Management LLC, Wells Fargo & Company MN, Russell Investments Group Ltd., Teachers Advisors LLC and Jennison Associates LLC. View Insider Buying and Selling for Independence Contract Drilling.

Who bought Independence Contract Drilling stock? Who is buying Independence Contract Drilling stock?

Independence Contract Drilling's stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Sterling Capital Management LLC, Royce & Associates LP, Dimensional Fund Advisors LP, Federated Investors Inc. PA, Northern Trust Corp, Vanguard Group Inc. and Kennedy Capital Management Inc.. View Insider Buying and Selling for Independence Contract Drilling.

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 $3.71.


MarketBeat Community Rating for Independence Contract Drilling (NYSE ICD)
Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  145 (Vote Outperform)
Underperform Votes:  100 (Vote Underperform)
Total Votes:  245
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: $6.38 (71.83% upside)

Analysts' Ratings History for Independence Contract Drilling (NYSE:ICD)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/11/2017Cowen and CompanyReiterated RatingBuy$5.00LowView Rating Details
7/20/2017Royal Bank Of CanadaReiterated RatingBuy$7.00HighView 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 9/21/2015 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: 80.78%
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) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - September 13 at 3:16 PM
americanbankingnews.com logoIndependence Contract Drilling, Inc. (ICD) Downgraded to "Sell" at Zacks Investment Research
www.americanbankingnews.com - September 10 at 3:16 PM
americanbankingnews.com logoIndependence Contract Drilling, Inc. (ICD) Downgraded by ValuEngine
www.americanbankingnews.com - September 9 at 10:36 AM
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 logoIndependence Contract Drilling, Inc. (NYSE:ICD) Downgraded to "Sell" at Zacks Investment Research
www.americanbankingnews.com - July 23 at 2:26 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
americanbankingnews.com logoHead-To-Head Analysis: Independence Contract Drilling (ICD) versus Vanguard Natural Resources (VNR)
www.americanbankingnews.com - June 30 at 10:08 AM
americanbankingnews.com logoIndependence Contract Drilling, Inc. (ICD) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - June 30 at 8:36 AM
americanbankingnews.com logoIndependence Contract Drilling, Inc. (ICD) Expected to Announce Quarterly Sales of $22.80 Million
www.americanbankingnews.com - June 18 at 8:55 AM
americanbankingnews.com logoIndependence Contract Drilling, Inc. (ICD) Expected to Announce Earnings of -$0.12 Per Share
www.americanbankingnews.com - June 16 at 4:42 PM
americanbankingnews.com logoComparing Pioneer Energy Services Corp. (PES) & Independence Contract Drilling (ICD)
www.americanbankingnews.com - June 16 at 8:25 AM
americanbankingnews.com logoIndependence Contract Drilling Inc (ICD) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - June 5 at 8:01 AM
americanbankingnews.com logoCritical Comparison: Independence Contract Drilling (ICD) versus Whiting Petroleum Corp (WLL)
www.americanbankingnews.com - June 4 at 6:12 PM
americanbankingnews.com logoValuEngine Downgrades Independence Contract Drilling Inc (ICD) to Sell
www.americanbankingnews.com - May 26 at 3:28 PM
americanbankingnews.com logoFBR & Co Weighs in on Independence Contract Drilling Inc's Q2 2017 Earnings (ICD)
www.americanbankingnews.com - May 4 at 12:36 PM
americanbankingnews.com logoFBR & Co Research Analysts Raise Earnings Estimates for Independence Contract Drilling Inc (ICD)
www.americanbankingnews.com - May 3 at 4:56 PM
americanbankingnews.com logoIndependence Contract Drilling (ICD) Earns Media Impact Score of 0.01
www.americanbankingnews.com - May 2 at 10:30 PM
finance.yahoo.com logoETFs with exposure to Independence Contract Drilling, Inc. : May 2, 2017
finance.yahoo.com - May 2 at 4:17 PM
finance.yahoo.com logoIndependence Contract Drilling, Inc. :ICD-US: Earnings Analysis: Q1, 2017 By the Numbers : May 1, 2017
finance.yahoo.com - May 1 at 1:24 PM
americanbankingnews.com logoIndependence Contract Drilling Inc (ICD) Expected to Post Quarterly Sales of $22.8 Million
www.americanbankingnews.com - April 30 at 8:34 AM
finance.yahoo.com logoEdited Transcript of ICD earnings conference call or presentation 27-Apr-17 4:00pm GMT
finance.yahoo.com - April 29 at 9:18 AM
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
finance.yahoo.com logoIndependence Contract Drilling, Inc. Reports Financial Results For The First Quarter Ended March 31, …
finance.yahoo.com - April 28 at 6:48 PM
americanbankingnews.com logo-$0.11 EPS Expected for Independence Contract Drilling Inc (ICD) This Quarter
www.americanbankingnews.com - April 28 at 6:08 PM
americanbankingnews.com logoIndependence Contract Drilling (ICD) Earns Media Sentiment Rating of -0.12
www.americanbankingnews.com - April 27 at 5:14 PM
americanbankingnews.com logoIndependence Contract Drilling Inc (ICD) Releases Earnings Results, Meets Estimates
www.americanbankingnews.com - April 27 at 4:08 PM
finance.yahoo.com logoIndependence Contract Drilling, Inc. Reports Financial Results For The First Quarter Ended March 31, 2017
finance.yahoo.com - April 27 at 8:36 AM
americanbankingnews.com logoIndependence Contract Drilling Inc (ICD) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - April 14 at 8:54 AM
americanbankingnews.com logoIndependence Contract Drilling (ICD) Earns News Impact Score of -0.04
www.americanbankingnews.com - April 13 at 2:02 PM
zacks.com logoWill 2017 Be the Year of Energy IPO Revival?
www.zacks.com - April 12 at 5:56 PM
finance.yahoo.com logoIndependence Contract Drilling, Inc. Announces Timing of First Quarter 2017 Financial Results and Conference Call
finance.yahoo.com - April 11 at 5:35 PM

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Chart

Independence Contract Drilling (ICD) Chart for Thursday, September, 21, 2017

This page was last updated on 9/21/2017 by MarketBeat.com Staff