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

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$2.47 -0.09 (-3.52 %)
(As of 05/24/2019 04:00 PM ET)
Previous Close$2.47
Today's Range$2.40 - $2.65
52-Week Range$2.40 - $5.05
Volume110,570 shs
Average Volume186,749 shs
Market Capitalization$190.38 million
P/E RatioN/A
Dividend YieldN/A
Beta2.06
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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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$142.61 million
Cash Flow$0.2679 per share
Book Value$5.05 per share

Profitability

Net Income$-19,990,000.00

Miscellaneous

Employees900
Market Cap$190.38 million
Next Earnings Date8/1/2019 (Estimated)
OptionableOptionable

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 quarterly earnings data on Thursday, May, 2nd. The oil and gas company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.02) by $0.06. The oil and gas company had revenue of $60.36 million for the quarter, compared to analysts' expectations of $60.15 million. Independence Contract Drilling had a negative return on equity of 0.35% and a negative net margin of 10.27%. 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 Thursday, August 1st 2019. View Earnings Estimates for Independence Contract Drilling.

What price target have analysts set for ICD?

4 Wall Street analysts have issued 12-month price targets for Independence Contract Drilling's stock. Their forecasts range from $6.00 to $8.00. On average, they anticipate Independence Contract Drilling's stock price to reach $6.6667 in the next year. This suggests a possible upside of 169.9% from the stock's current price. View Analyst Price Targets for Independence Contract Drilling.

What is the consensus analysts' recommendation for Independence Contract Drilling?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independence Contract Drilling in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Independence Contract Drilling.

Has Independence Contract Drilling been receiving favorable news coverage?

Headlines about ICD stock have trended positive this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Independence Contract Drilling earned a news sentiment score of 2.5 on InfoTrie's scale. They also assigned media coverage about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next several days.

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), Mondi (MNDI), Advanced Micro Devices (AMD), Clarus (CLAR), Abraxas Petroleum (AXAS), Immunomedics (IMMU), Intel (INTC), Cleveland-Cliffs (CLF), Freeport-McMoRan (FCX) and WPX Energy (WPX).

Who are Independence Contract Drilling's key executives?

Independence Contract Drilling's management team includes the folowing 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

Who are Independence Contract Drilling's major shareholders?

Independence Contract Drilling's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (3.24%), Royce & Associates LP (2.97%), Federated Investors Inc. PA (2.64%), Dimensional Fund Advisors LP (2.23%), Foundry Partners LLC (1.27%) and FMR LLC (0.89%). Company insiders that own Independence Contract Drilling stock include Credit Opportunity Master Msd, Msd Partners, LP and Thomas R Bates Jr. View Institutional Ownership Trends for Independence Contract Drilling.

Which major investors are selling Independence Contract Drilling stock?

ICD stock was sold by a variety of institutional investors in the last quarter, including Oxford Asset Management LLP, Morgan Stanley, Parametric Portfolio Associates LLC, BlackRock Inc., Royce & Associates LP and Jane Street Group LLC. View Insider Buying and Selling for Independence Contract Drilling.

Which major investors are buying Independence Contract Drilling stock?

ICD stock was bought by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Federated Investors Inc. PA, Dimensional Fund Advisors LP, FMR LLC, Wells Fargo & Company MN, Walthausen & Co. LLC, JPMorgan Chase & Co. and Kennedy Capital Management Inc.. Company insiders that have bought Independence Contract Drilling stock in the last two years include Credit Opportunity Master Msd, Msd Partners, LP and Thomas R Bates Jr. 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 $2.47.

How big of a company is Independence Contract Drilling?

Independence Contract Drilling has a market capitalization of $190.38 million and generates $142.61 million in revenue each year. The oil and gas company earns $-19,990,000.00 in net income (profit) each year or ($0.17) 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 http://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]


MarketBeat Community Rating for Independence Contract Drilling (NYSE ICD)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  242 (Vote Outperform)
Underperform Votes:  195 (Vote Underperform)
Total Votes:  437
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 5/25/2019 by MarketBeat.com Staff

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