NYSE:ICD - Independence Contract Drilling Stock Price, Price Target & More

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$4.10 +0.21 (+5.40 %)
(As of 06/24/2018 04:00 PM ET)
Previous Close$4.10
Today's Range$3.94 - $4.25
52-Week Range$2.72 - $5.48
Volume533,250 shs
Average Volume90,126 shs
Market Capitalization$148.20 million
P/E Ratio-7.74
Dividend YieldN/A
Beta2.7
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 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

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

Debt

Debt-to-Equity Ratio0.23
Current Ratio1.68
Quick Ratio1.50

Price-To-Earnings

Trailing P/E Ratio-7.74
Forward P/E Ratio-14.64
P/E GrowthN/A

Sales & Book Value

Annual Sales$90.01 million
Price / Sales1.74
Cash Flow$0.1726 per share
Price / Cash23.76
Book Value$6.20 per share
Price / Book0.66

Profitability

EPS (Most Recent Fiscal Year)($0.53)
Net Income$-24,290,000.00
Net Margins-23.25%
Return on Equity-7.97%
Return on Assets-6.26%

Miscellaneous

Employees390
Outstanding Shares38,100,000

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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, April, 26th. The oil and gas company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.01. The oil and gas company had revenue of $25.63 million for the quarter, compared to the consensus estimate of $24.80 million. Independence Contract Drilling had a negative return on equity of 7.97% and a negative net margin of 23.25%. 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 Wednesday, July, 25th 2018. View Earnings Estimates for Independence Contract Drilling.

What price target have analysts set for ICD?

4 Wall Street analysts have issued 12 month price objectives for Independence Contract Drilling's shares. Their forecasts range from $6.00 to $8.00. On average, they expect Independence Contract Drilling's stock price to reach $6.6667 in the next year. View Analyst Ratings for Independence Contract Drilling.

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. Byron A. Dunn, Pres, CEO & Director (Age 61)
  • Mr. Philip A. Choyce, Exec. VP, CFO, Treasurer & Sec. (Age 51)
  • Mr. Christopher K. Menefee, VP of Bus. Devel. (Age 41)
  • Mr. Philip A. Dalrymple, VP of Operations (Age 39)
  • Mr. Michael J. Harwell, Chief Accounting Officer & VP of Fin. (Age 49)

Has Independence Contract Drilling been receiving favorable news coverage?

Media stories about ICD stock have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Independence Contract Drilling earned a media sentiment score of 0.03 on Accern's scale. They also assigned news headlines about the oil and gas company an impact score of 44.15 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Who are Independence Contract Drilling's major shareholders?

Independence Contract Drilling's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.25%), Federated Investors Inc. PA (3.36%), Dimensional Fund Advisors LP (2.52%), Fairfax Financial Holdings Ltd Can (0.94%), Millennium Management LLC (0.77%) and Russell Investments Group Ltd. (0.57%). 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.

Which institutional investors are selling Independence Contract Drilling stock?

ICD stock was sold by a variety of institutional investors in the last quarter, including Federated Investors Inc. PA, BlackRock Inc. and Van ECK Associates Corp. View Insider Buying and Selling for Independence Contract Drilling.

Which institutional investors are buying Independence Contract Drilling stock?

ICD stock was acquired by a variety of institutional investors in the last quarter, including Fairfax Financial Holdings Ltd Can, Dimensional Fund Advisors LP, Penn Capital Management Co. Inc., Millennium Management LLC, Russell Investments Group Ltd., JPMorgan Chase & Co., Schwab Charles Investment Management Inc. and The Manufacturers Life Insurance Company . 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 $4.10.

How big of a company is Independence Contract Drilling?

Independence Contract Drilling has a market capitalization of $148.20 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.

How can I contact Independence Contract Drilling?

Independence Contract Drilling's mailing address is 11601 NORTH GALAYDA STREET, HOUSTON TX, 77086. 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 (ICD)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  195 (Vote Outperform)
Underperform Votes:  142 (Vote Underperform)
Total Votes:  337
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 6/24/2018 by MarketBeat.com Staff

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