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

$3.68 0.19 (5.44 %)
(As of 11/17/2017 02:23 PM ET)
Previous Close$3.68
Today's Range$3.82 - $3.49
52-Week Range$2.72 - $7.30
Volume148,200 shs
Average Volume177,457 shs
Market Capitalization$133.32 million
P/E RatioN/A
Dividend YieldN/A
Beta2.76

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:
  • Industry: Oil & Gas Drilling & Exploration
  • Sub-Industry: N/A
  • Sector: Oils/Energy
  • Symbol: NYSE:ICD
  • CUSIP: N/A
  • Web: www.icdrilling.com
Debt:
  • Debt-to-Equity Ratio: 0.20%
  • Current Ratio: 2.01%
  • Quick Ratio: 1.84%
Sales & Book Value:
  • Annual Sales: $70.06 million
  • Price / Sales: 1.99
  • Cash Flow: $0.29 per share
  • Price / Cash: 12.63
  • Book Value: $6.34 per share
  • Price / Book: 0.58
Profitability:
  • Trailing EPS: ($0.79)
  • Net Income: ($22,170,000.00)
  • Net Margins: -34.87%
  • Return on Equity: -8.28%
  • Return on Assets: -6.78%
Misc:
  • Employees: 299
  • Outstanding Shares: 37,980,000
 

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 data on Tuesday, October, 31st. The oil and gas company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by $0.02. The oil and gas company earned $23.45 million during the quarter, compared to analysts' expectations of $23.54 million. Independence Contract Drilling had a negative return on equity of 8.28% and a negative net margin of 34.87%. The business's quarterly revenue was up 62.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.17) earnings per share. View Independence Contract Drilling's Earnings History.

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

6 analysts have issued 1-year price objectives 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 $6.13 in the next twelve months. 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 number of of institutional and retail investors. Top institutional shareholders include Royce & Associates LP (4.70%), Van ECK Associates Corp (2.63%), Dimensional Fund Advisors LP (1.60%), New York State Common Retirement Fund (0.45%), Russell Investments Group Ltd. (0.32%) and Systematic Financial Management LP (0.14%). 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 Systematic Financial Management LP, New York State Common Retirement Fund, Van ECK Associates Corp and Royce & Associates LP. 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 bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP and Russell Investments Group Ltd.. 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 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 Independence Contract Drilling stock can currently be purchased for approximately $3.68.

How big of a company is Independence Contract Drilling?

Independence Contract Drilling has a market capitalization of $133.32 million and generates $70.06 million in revenue each year. The oil and gas company earns ($22,170,000.00) in net income (profit) each year or ($0.79) on an earnings per share basis. Independence Contract Drilling employs 299 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.


MarketBeat Community Rating for Independence Contract Drilling (NYSE ICD)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  158 (Vote Outperform)
Underperform Votes:  109 (Vote Underperform)
Total Votes:  267
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

Analysts' Consensus Rating for Independence Contract Drilling (NYSE:ICD)

  (How are Consensus Ratings Calculated?)
Ratings Breakdown: 0 Sell Ratings, 1 Hold Rating, 5 Buy Ratings, 0 Strong Buy Ratings
Consensus Rating:Buy (Score: 2.83)
Consensus Price Target: $6.13 (66.44% 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
10/31/2017FBR & CoReiterated RatingBuyN/AView Rating Details
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
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
(Data available from 11/18/2015 forward)

Earnings

Earnings History and Estimates Chart 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
10/31/2017Q3 2017($0.11)($0.13)$23.54 million$23.45 millionViewN/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: ($0.36)
2018 EPS Consensus Estimate: ($0.01)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173($0.13)($0.10)($0.11)
Q2 20173($0.09)($0.09)($0.09)
Q3 20173($0.14)($0.05)($0.09)
Q4 20173($0.11)($0.04)($0.07)
Q1 20182($0.09)$0.05($0.02)
Q2 20182($0.05)$0.04($0.01)
Q3 20182($0.04)$0.05$0.01
Q4 20182($0.03)$0.05$0.01
(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: 79.94%
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
Analyzing HERCULES OFFSHORE COM USD0.01 (HERO) and Independence Contract Drilling (ICD)Analyzing HERCULES OFFSHORE COM USD0.01 (HERO) and Independence Contract Drilling (ICD)
www.americanbankingnews.com - November 13 at 3:34 PM
Independence Contract Drilling, Inc. (ICD) Stock Rating Upgraded by ValuEngineIndependence Contract Drilling, Inc. (ICD) Stock Rating Upgraded by ValuEngine
www.americanbankingnews.com - November 11 at 6:18 PM
ETFs with exposure to Independence Contract Drilling, Inc. : November 8, 2017ETFs with exposure to Independence Contract Drilling, Inc. : November 8, 2017
finance.yahoo.com - November 8 at 9:38 PM
Independence Contract Drilling, Inc. :ICD-US: Earnings Analysis: Q3, 2017 By the Numbers : November 7, 2017Independence Contract Drilling, Inc. :ICD-US: Earnings Analysis: Q3, 2017 By the Numbers : November 7, 2017
finance.yahoo.com - November 8 at 10:04 AM
Capital One Financial Corporation Weighs in on Independence Contract Drilling, Inc.s Q4 2017 Earnings (ICD)Capital One Financial Corporation Weighs in on Independence Contract Drilling, Inc.'s Q4 2017 Earnings (ICD)
www.americanbankingnews.com - November 6 at 8:40 AM
Independence Contract Drilling, Inc. (ICD) Given Average Rating of "Buy" by AnalystsIndependence Contract Drilling, Inc. (ICD) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - November 2 at 2:06 PM
Independence Contract Drilling, Inc. (ICD) to Post Q3 2017 Earnings of ($0.14) Per Share, Capital One Financial Corporation ForecastsIndependence Contract Drilling, Inc. (ICD) to Post Q3 2017 Earnings of ($0.14) Per Share, Capital One Financial Corporation Forecasts
www.americanbankingnews.com - November 2 at 6:48 AM
Independence Contract Drilling, Inc. (ICD) Announces Quarterly  Earnings Results, Misses Expectations By $0.02 EPSIndependence Contract Drilling, Inc. (ICD) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS
www.americanbankingnews.com - November 1 at 12:24 PM
Edited Transcript of ICD earnings conference call or presentation 31-Oct-17 4:00pm GMTEdited Transcript of ICD earnings conference call or presentation 31-Oct-17 4:00pm GMT
finance.yahoo.com - November 1 at 2:28 AM
Independence Contract Drilling, Inc. Reports Financial Results For The Third Quarter Ended September 30, 2017Independence Contract Drilling, Inc. Reports Financial Results For The Third Quarter Ended September 30, 2017
finance.yahoo.com - October 31 at 9:24 PM
Independence Contract Drillings (ICD) "Buy" Rating Reiterated at FBR & CoIndependence Contract Drilling's (ICD) "Buy" Rating Reiterated at FBR & Co
www.americanbankingnews.com - October 31 at 11:52 AM
ETFs with exposure to Independence Contract Drilling, Inc. : October 27, 2017ETFs with exposure to Independence Contract Drilling, Inc. : October 27, 2017
finance.yahoo.com - October 28 at 6:50 AM
Independence Contract Drilling, Inc. (ICD) PT Set at $5.00 by Cowen and CompanyIndependence Contract Drilling, Inc. (ICD) PT Set at $5.00 by Cowen and Company
www.americanbankingnews.com - October 19 at 8:22 PM
Independence Contract Drilling, Inc. (ICD) Set to Announce Earnings on TuesdayIndependence Contract Drilling, Inc. (ICD) Set to Announce Earnings on Tuesday
www.americanbankingnews.com - October 17 at 5:40 AM
Head to Head Contrast: Independence Contract Drilling (ICD) and North Atlantic Drilling (NADL)Head to Head Contrast: Independence Contract Drilling (ICD) and North Atlantic Drilling (NADL)
www.americanbankingnews.com - October 13 at 8:32 PM
Independence Contract Drilling, Inc. Announces Timing of Third Quarter 2017 Financial Results and Conference CallIndependence Contract Drilling, Inc. Announces Timing of Third Quarter 2017 Financial Results and Conference Call
finance.yahoo.com - October 10 at 7:09 PM
Independence Contract Drilling, Inc. (ICD) Given Consensus Rating of "Hold" by AnalystsIndependence Contract Drilling, Inc. (ICD) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - October 8 at 1:16 PM
ETFs with exposure to Independence Contract Drilling, Inc. : October 5, 2017ETFs with exposure to Independence Contract Drilling, Inc. : October 5, 2017
finance.yahoo.com - October 5 at 9:10 PM
How Does Independence Contract Drilling Inc (ICD) Affect Your Portfolio Returns?How Does Independence Contract Drilling Inc (ICD) Affect Your Portfolio Returns?
finance.yahoo.com - October 5 at 9:10 PM
Independence Contract Drilling, Inc. (ICD) Price Target Cut to $6.00 by Analysts at Royal Bank Of CanadaIndependence 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
Financial Analysis: Independence Contract Drilling (ICD) vs. Ring Energy (REI)Financial Analysis: Independence Contract Drilling (ICD) vs. Ring Energy (REI)
www.americanbankingnews.com - September 24 at 6:32 AM
Independence Contract Drilling, Inc. (ICD) Receives Consensus Recommendation of "Hold" from BrokeragesIndependence Contract Drilling, Inc. (ICD) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - September 13 at 3:16 PM
Financial Comparison: Independence Contract Drilling (ICD) & Halcon Resources Corporation (HK)Financial Comparison: Independence Contract Drilling (ICD) & Halcon Resources Corporation (HK)
www.americanbankingnews.com - September 3 at 10:10 AM
Breitburn Energy Partners (BBEP) versus Independence Contract Drilling (ICD) Financial ComparisonBreitburn Energy Partners (BBEP) versus Independence Contract Drilling (ICD) Financial Comparison
www.americanbankingnews.com - August 21 at 12:22 PM
Independence Contract Drilling, Inc. (ICD) Receives Consensus Recommendation of "Hold" from AnalystsIndependence Contract Drilling, Inc. (ICD) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - August 19 at 1:14 PM
ETFs with exposure to Independence Contract Drilling, Inc. : August 14, 2017ETFs with exposure to Independence Contract Drilling, Inc. : August 14, 2017
finance.yahoo.com - August 14 at 10:03 PM
Independence Contract Drilling, Inc. (ICD) Rating Reiterated by Cowen and CompanyIndependence Contract Drilling, Inc. (ICD) Rating Reiterated by Cowen and Company
www.americanbankingnews.com - August 12 at 3:34 PM
RBC Oilfield Services Stocks to Buy With Up to 100% and More Upside PotentialRBC Oilfield Services Stocks to Buy With Up to 100% and More Upside Potential
247wallst.com - August 1 at 3:19 PM
Head-To-Head Contrast: Independence Contract Drilling (NYSE:ICD) versus SandRidge Energy (SD)Head-To-Head Contrast: Independence Contract Drilling (NYSE:ICD) versus SandRidge Energy (SD)
www.americanbankingnews.com - July 31 at 6:33 PM
Independence Contract Drilling, Inc. (ICD) Expected to Post Q1 2018 Earnings of ($0.05) Per ShareIndependence Contract Drilling, Inc. (ICD) Expected to Post Q1 2018 Earnings of ($0.05) Per Share
www.americanbankingnews.com - July 31 at 8:45 AM
Independence Contract Drilling Inc (NYSE:ICD) Issues Quarterly  Earnings Results, Hits ExpectationsIndependence Contract Drilling Inc (NYSE:ICD) Issues Quarterly Earnings Results, Hits Expectations
www.americanbankingnews.com - July 29 at 11:38 PM
Independence Contract Drilling, Inc. :ICD-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017Independence Contract Drilling, Inc. :ICD-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017
finance.yahoo.com - July 28 at 10:50 PM
Edited Transcript of ICD earnings conference call or presentation 27-Jul-17 4:00pm GMTEdited Transcript of ICD earnings conference call or presentation 27-Jul-17 4:00pm GMT
finance.yahoo.com - July 28 at 3:16 AM
Independence Contract Drilling EPS in-line, beats on revenueIndependence Contract Drilling EPS in-line, beats on revenue
seekingalpha.com - July 27 at 10:14 PM
Independence Contract Drilling, Inc. Reports Financial Results For The Second Quarter Ended June 30, 2017Independence Contract Drilling, Inc. Reports Financial Results For The Second Quarter Ended June 30, 2017
finance.yahoo.com - July 27 at 10:14 PM
Head to Head Contrast: Noble Corporation (NE) and Independence Contract Drilling (ICD)Head to Head Contrast: Noble Corporation (NE) and Independence Contract Drilling (ICD)
www.americanbankingnews.com - July 26 at 8:54 AM
Independence Contract Drilling, Inc. (NYSE:ICD) Given Average Recommendation of "Hold" by BrokeragesIndependence Contract Drilling, Inc. (NYSE:ICD) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - July 25 at 12:53 PM
Ocean Rig UDW (ORIG) and Independence Contract Drilling (NYSE:ICD) Head to Head SurveyOcean Rig UDW (ORIG) and Independence Contract Drilling (NYSE:ICD) Head to Head Survey
www.americanbankingnews.com - July 22 at 12:13 AM
Royal Bank Of Canada Reaffirms "Buy" Rating for Independence Contract Drilling, Inc. (ICD)Royal Bank Of Canada Reaffirms "Buy" Rating for Independence Contract Drilling, Inc. (ICD)
www.americanbankingnews.com - July 20 at 6:32 PM
Independence Contract Drilling, Inc. (NYSE:ICD) Expected to Announce Quarterly Sales of $22.80 MillionIndependence Contract Drilling, Inc. (NYSE:ICD) Expected to Announce Quarterly Sales of $22.80 Million
www.americanbankingnews.com - July 14 at 1:57 PM
 Brokerages Anticipate Independence Contract Drilling, Inc. (ICD) Will Post Earnings of -$0.12 Per Share Brokerages Anticipate Independence Contract Drilling, Inc. (ICD) Will Post Earnings of -$0.12 Per Share
www.americanbankingnews.com - July 12 at 4:16 PM
Independence Contract Drilling, Inc. Announces Timing of Second Quarter 2017 Financial Results and Conference CallIndependence Contract Drilling, Inc. Announces Timing of Second Quarter 2017 Financial Results and Conference Call
finance.yahoo.com - July 11 at 11:33 PM
BRIEF-Independence Contract qtrly adjusted loss per share $0.14BRIEF-Independence Contract qtrly adjusted loss per share $0.14
www.reuters.com - April 28 at 6:48 PM
Independence Contract Drilling misses by $0.01, beats on revenueIndependence Contract Drilling misses by $0.01, beats on revenue
seekingalpha.com - April 28 at 6:48 PM
Will 2017 Be the Year of Energy IPO Revival?Will 2017 Be the Year of Energy IPO Revival?
www.zacks.com - April 12 at 5:56 PM
BRIEF-Independence Contract Drillings revised capital budget for 2017 is about $21 millionBRIEF-Independence Contract Drilling's revised capital budget for 2017 is about $21 million
www.reuters.com - March 28 at 11:17 AM
BRIEF-Independence Contract Drilling Q4 adjusted loss $0.14/shrBRIEF-Independence Contract Drilling Q4 adjusted loss $0.14/shr
www.reuters.com - March 1 at 10:29 PM
Independence Contract Drilling, Inc. Reports Financial Results For The Fourth Quarter And Year Ended December 31, 2016Independence 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
6:35 am Independence Contract Drilling beats by $0.01, beats on revs6:35 am Independence Contract Drilling beats by $0.01, beats on revs
us.rd.yahoo.com - March 1 at 11:51 AM
Independence Contract Drilling upgraded by CapitalOneIndependence Contract Drilling upgraded by CapitalOne
us.rd.yahoo.com - March 1 at 11:51 AM

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Chart

Independence Contract Drilling (NYSE ICD) Chart for Saturday, November, 18, 2017
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This page was last updated on 11/18/2017 by MarketBeat.com Staff

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