분석 기사 • Jun 20

Improved Revenues Required Before Independence Contract Drilling, Inc. (NYSE:ICD) Shares Find Their Feet

When close to half the companies operating in the Energy Services industry in the United States have price-to-sales...

분석 기사 • May 09

Does Independence Contract Drilling (NYSE:ICD) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

분석 기사 • Feb 29

Independence Contract Drilling's (NYSE:ICD) Returns On Capital Are Heading Higher

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

분석 기사 • Jan 10

We Think Independence Contract Drilling (NYSE:ICD) Is Taking Some Risk With Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

분석 기사 • Nov 10

Independence Contract Drilling, Inc.'s (NYSE:ICD) Shares Lagging The Industry But So Is The Business

Independence Contract Drilling, Inc.'s ( NYSE:ICD ) price-to-sales (or "P/S") ratio of 0.1x may look like a pretty...

분석 기사 • Jun 14

Independence Contract Drilling (NYSE:ICD) Seems To Be Using A Lot Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Seeking Alpha • Jun 08

Independence Contract Drilling Navigates Through Operational Challenges

Summary Independence Contract Drilling is focusing on rebalancing its rig portfolio by deploying more pad-optimal, 300-series super-spec rigs in the Permian region. The company's margin per day may decrease in Q2 due to rig relocations and cost inefficiencies associated with moving rigs between basins. Despite challenges, ICD stock appears undervalued compared to its peers, and investors can expect limited returns in the near term. Read the full article on Seeking Alpha

분석 기사 • Feb 22

Health Check: How Prudently Does Independence Contract Drilling (NYSE:ICD) Use Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Seeking Alpha • Feb 03

Independence Contract Drilling: Repricing And Profit Growth Potential Are Alluring

Summary Higher demand for multi-pad drilling augurs for Independence Contract's 300-series super-spec rigs. Higher rates and rig reactivations by Q1 2023 can improve its operating profit and cash flows. However, capex related to rig reactivation will put a strain on its free cash flow generation. Compared to its peers, the stock's relative valuation multiples look cheap. ICD Remains Strong In my previous article, I discussed Independence Contract Drilling's (ICD) strategies and goals. By the start of Q4, its backlog increased tremendously in response to the current rig rate environment. I think higher demand for pad-optimal, 300-series super-spec rigs will let it expand its operating margin when the supply situation remains tight. The average revenue and margin per rig for the 2023 backlog are high compared to the current level. The management expects to reprice drilling rates at least once in the next six months, improving the company's profitability and cash flow. The primary challenges for ICD are labor and other inflationary costs and intense competition. Although negative free cash flow was a concern in 9M 2022, a larger operating scale would minimize investment and rig reactivation costs in 2023. The stock is relatively undervalued. So, I continue to keep it under my "buy" recommendation. Margin And Rig Strategy Seeking Alpha ICD's management banks on higher demand for pad-optimal, super-spec rigs, especially with its 300-series rigs. Because 300-series rigs typically earn higher margins, an increasing market penetration of these rigs and conversion of 200-series to 300 types mean additional value offering and a higher margin. The company estimates that, by March 2023, rig margin per day can increase by 28%-32% compared to Q3 2022. The company also plans to reactivate four more rigs by Q1 2023, which I will discuss later in the article. ICD has adopted the strategy of securing shorter-term pad-to-pad contracts to maximize the trend of increasing day rates over the past quarter. It has also expanded its backlog in response to the current rig rate environment. In Q3, its backlog increased by 87% versus Q2. More than two-thirds of its current backlog extends to 2023, which would secure its cash flows in the coming year. Revenue per rig for the 2023 backlog is priced at $35,300 per day and margin per day at $17,500, both significantly higher than Q3. Despite the current labor and other inflationary costs, the margin expansion can surpass Q1 2023. If the present tight supply scenario persists, the management expects to reprice rates at least once more in six months. Investors may note that the contract backlogs are significant for ICD, given the large capital investments required to reactivate rigs. So, with additional rigs and margin progression, the company's overall profitability will likely inflate. The Q4 Forecast ICD's Filings and press releases Assuming operating costs and spot market pricing remain stable, margins can increase further in the near-to-medium term. In Q4 2022, rig operating days can increase by 5.6% compared to Q3, while the average revenue per operating day can increase by a similar percentage point. The cost per day can increase by a mere 1%. This would lead to a ~12% rise in the average rig margin in Q4. In Q1 2023, the operating margin per day can improve by 30% versus the Q3 level. During Q3, the company reactivated its 18th rig under a one-year contract. Two more rigs are due for mobilization and contract for Q4. These rigs would be deployed in Haynesville and are expected to have a simple payback of less than a year. The company has also slated to reactivate two more rigs in Q1 2023, taking the total to 22. Analyzing The Q3 Drivers From Q2 2022 to Q3 2022, the company's revenue per day increased by 4%, while the cost per day decreased by 9%. During Q3, the company reactivated its 18th rig under a one-year contract. It mobilized the 19th rig by the start of Q4, while the 20th rig was contracted for mobilization in Q4. The average rig margin increased by 27% in Q4. The additional rigs would work in the Haynesville, where revenue per day would increase to the high 30,000 from the Q3 average was 28,646. Cash Flows And Liquidity In 9M 2022, cash flow from operations (or CFO) turned positive compared to a negative CFO a year ago after its revenues doubled over this period. Capex exceeded CFO, resulting in free cash flow (or FCF) turning negative in 9M 2022. The majority of its capex was spent on rig reactivations and rig conversions. In Q4 and early 2023, supply chain constraints would necessitate the acceleration of drill pipe and other capital spare purchases. Plus, two more rigs coming online would increase capex requirements. I think the day rate and margin expansion will push CFO higher, while higher capex will sustain the pressure on FCF in the following quarters. As of September 30, ICD's debt-to-equity stood at 0.67x. This is much lower than its peers' (NBR, HP, PTEN) average of 0.85x. Its liquidity was $27.5 million on September 30. The company's long-term goal is to reduce net debt to adjusted EBITDA ratio by increasing adjusted EBITDA and free cash flow generation. The company expects a larger operating scale would minimize investment and rig reactivations. What Does The Relative Valuation Imply? Seeking Alpha ICD's EV/Revenue multiple (1.25x) contraction to the forward EV/Revenue (1.06x) is nearly as steep as its peers' (NBR, HP, and PTEN), implying a similar revenue growth, which typically results in a similar EV/Revenue multiple. However, the stock's current multiple is significantly lower than its peers (2.1x). So, the stock appears to be undervalued versus its peers at the current level. Target Price And Analyst Rating Seeking Alpha During the past 90 days, two sell-Street analysts rated ICD a "Buy" ("Strong Buy"). None rated it a "Hold" or "Sell." The consensus target price is $6.3, which would represent ~46% upside from the current price. Why I Maintain My Rating On ICD? In Q2, ICD's management started noticing changes in spot rates and disclosed its plans for rig reactivations in 2023. The contract duration, too, was set to increase. Given the relative valuation multiples, I upgraded it to a "buy." In the article, I wrote: Its average number of 300 series rigs increased from three in 2020 to ten by 2022. It can add six more through reactivation in 2023. The primary challenge for ICD is the intense competition. Also, relatively few operators require rigs with such high specifications.

Seeking Alpha • Nov 01

Independence Contract Drilling Non-GAAP EPS of -$0.35, revenue of $49.1M

Independence Contract Drilling press release (NYSE:ICD): Q3 Non-GAAP EPS of -$0.35. Revenue of $49.1M (+104.3% Y/Y). Adjusted EBITDA, as defined below, of $12.5 million, representing an approximate 35% sequential improvement from the second quarter of 2022. Adjusted net debt, as defined below, of $170.4 million. 17.4 average rigs working during the quarter.

분석 기사 • Oct 28

Is Independence Contract Drilling (NYSE:ICD) Using Debt In A Risky Way?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Seeking Alpha • Oct 06

Independence Contract Drilling: Rig Reactivation And Margin Expansion Will Drive It

Summary Independence Contract Drilling plans to add two additional 300 series rigs in 2022 and six more in 2023. The demand for advanced rigs is still not robust, but the environment is changing fast with multi-pad drilling. Although negative free cash flow is a concern, capex related to rig reactivation is not a significant strain on its financial ability. Compared to its peers, the stock is relatively undervalued. ICD Is Due For A Rise I covered Independence Contract Drilling's (ICD) strategies in my previous article, where I discussed why its management believed demand for the pad-optimal super-spec rigs in some US basins would increase. In 2022, based on the current contracts, rigs re-rating, and additional rigs that will come through in Q4 and into 2023, its operating margin will likely improve further. More than a third of its backlog extends into 2023 at an average day rate that is higher than the current rate in the market. Upgrading 200-series rigs to 300-series specifications will accelerate margin expansion while minimizing the capex rise. On the other hand, relatively few operators require rigs with such high specifications. However, complex rig systems like ICD's 300-series rigs will see demand rising with contiguous acreage and more pad-optimal drilling. Negative cash flow is concerning, though. The stock is relatively undervalued versus its peers. At the current price, I would suggest investors buy the stock. Outlook And Rig Strategy Seeking Alpha ICD looks to strike short-term deals because its management believes shorter-term contracts are in the early stages of the current energy market upcycle. Its 300-series rigs are already earning higher margins in the current environment. It will continue to hold a balanced portfolio approach in its contracting strategy but with a higher share of near-term contracts. Before the Q2 earnings results, 60% of ICD's 24 marketed rigs met the 300 series specification. Currently, it has added two more marketed rigs. 96% of its 26 rigs would now be marketed with 300 series specifications. Upgrading 200-series rigs to 300-series specifications will accelerate margin expansion because it will strengthen its competitiveness in the market. The conversion of the two 200-series rigs is scheduled for Q3 and early Q4. Each conversion would cost the company $650K. Product Mix Change And Day Rate Improvement The company's focus on short-term pad-to-pad contracts and operating the 300 series rigs have yielded positive results. Spot rates are in the low-to-mid-30Ks. For the 18th rig, the contract duration has increased to one year in Haynesville. It has also signed a few other contracts for six months. Because 300 series rigs are in the shortest supply, their prices command a premium. From Q2 2020 to Q2 2022, its average number of 300 series rigs increased from three to eight. By 2022, it will reach ten, and more will be available for reactivation in 2023. However, fewer operators require rigs with such high specifications today. But I expect, with contiguous acreage and more pad-optimal drilling, such complex rig systems will see demand rising. With a steady backlog and rig reactivation, the company will likely enter 2023 with a firm foot. The Q3 Forecast Company Filings In Q3 2022, rig operating days can increase by 5% compared to Q2, while the average revenue per operating day can move up by 10%. The cost per day can increase by 7%. This would lead to a ~15% rise in average rig margin per operating day in Q3. In Q4, the operating margin per day can improve further (by 14%). I think spot market pricing and operating costs will remain stable, which, along with higher revenues, can raise its margin expectation. The margin outlook is based on the contracts it has on hand and the re-rating of a significant number of rigs in Q3 and 2023. So, with the addition of the 300-series rigs (following the upgrade), the company expects the margin expansion to continue in 2023. Analyzing The Q2 Drivers From Q1 2022 to Q2 2022, the company's revenue per day increased by 5%, while cost per day decreased marginally (by 1%). A continued market share gain of the 300 series rigs, improved marketing strategies, and establishment of a presence in Haynesville contributed favorably to a 56% jump in the average rig margin. The number of ICD's rigs operating on short-term contracts will re-price 1x-2x in 2H 2022. It also estimates that ~36% of its backlog will have an average day rate of $32,000 per day in 2023, which is higher than the current day rate. So, I think its operating margin will improve in the coming quarters. Cash Flows And Liquidity In 1H 2022, ICD's cash flow from operations (or CFO) turned marginally positive compared to a negative CFO a year ago, led by a revenue increase. However, capex exceeded CFO, so free cash flow (or FCF) remained negative in 1H 2022. Although the day rate and margins expansion will improve CFO, new rig addition and upgrades will keep pushing capex, leaving FCF under pressure. As of June 30, ICD's debt-to-equity stood at 0.58x. This is much lower than the average of peers (NBR, HP, PTEN). Its liquidity was $21 million on June 30. During 1H 2022, it received $157.5 million in proceeds from borrowings under the convertible debt while it repaid a term loan. The liquidity sources would allow for two new rig reactivations in 2022 and six more in 2023. What Does The Relative Valuation Imply? Seeking Alpha Its current EV/Revenue multiple (1.2x) to the forward EV/Revenue multiple (0.9x) contraction is steeper than its peers' (NBR, HP, and PTEN) average fall, implying a higher revenue growth. This, in turn, typically reflects in a higher EV/Revenue multiple. However, the stock's current multiple is lower than its peers (1.9x). I think the stock is undervalued versus its peers at the current level. Target Price And Analyst Rating Seeking Alpha

Seeking Alpha • Jul 13

Independence Contract Drilling: Await The Repricing And Contract Renewals

Independence Contract Drilling plans to reactivate three 300 series rigs in 2022. The contract re-rating and leading-edge spot rate hike can benefit its operating margin by Q4. It has revised up in FY2022 CapEx significantly; however, negative free cash flow may circumvent its financial ability. The stock is relatively undervalued compared to its peers. ICD Will Stay Steady In 2022, Independence Contract Drilling (ICD) will benefit from its repository of pad-optimal super-spec rigs. High reactivation costs for restacked rigs and capital discipline from the operators mean the company will soon see operating margin beneficial. The current momentum in the leading-edge day rate is an indicator of the recovery in the industry. The company is primed to gain from this because its fleet can re-rate at current market day rates by Q4. Its 300 series rig typically commands one of the highest day rates. However, intense competition and supply chain issues will partially mitigate the operating margin expansion potential. It will make additional investments to reactivate rigs and capital spares to reduce supply risks, which can compound its cash flow problem. The stock is relatively undervalued at this level. So, despite the challenges, investors might want to hold the stock for a decent return in the medium term. Outlook And Rig Strategy Seeking Alpha I covered Independence Contract Drilling's strategies in my previous article. ICD's management believes that the energy prices, which have already climbed sharply over the past year, will continue to strengthen in 2022. The run-up will provide the company to benefit from its positioning in the Permian and the Haynesville, where two-thirds of its rigs are oil-centric, and the rest are natural gas-centric. Because of their sizes, these basins can provide economies of scale, translating into better rig margins and more robust free cash flow. ICD's ShaleDriller fleet is a pad-optimal super-spec rig. The market dynamics in the super-spec rig suggest high reactivation costs for restacked rigs due to years of underinvestment and capital discipline from the operators. Many contract drillers in the US still do not look to reactivate drilling rigs due to low day rates and unprofitable contractual terms. Demand, on the other hand, is increasing. As a result, the management believes that ICD's pad-optimal super-spec rigs demand in those basins will increase. What Changed My Last Call? I was bullish when I wrote in April, because of the immediate possibility of contract re-pricing and increasing day rate, which would significantly boost the operating margin for its 300 Series rigs marketed supply. I wrote: "ICD's management believes that the industry is in the early stages of a upcycle. Therefore, focusing on shorter-term contracts can lead to rapid margin improvement. It also expects to achieve margins exceeding pre-pandemic levels in the near term." However, despite the rig count's upward journey over the past three months, the company is yet to capitalize on the potential. The management still sees the spot rate as the prevailing day rate, which means contracts are typically short-term. Unless the contract period extends and day rates genuinely reflect the underlying market force, there is a possibility that the operating margin and cash flow will not stabilize. On top of that, the looming recessionary fear has contributed to the stock's relative weakness over the past few months. I do not see any immediate pressure on the margin because of the upward momentum in the spot rate in the US drilling market. I think the stock will take a couple of quarters to solidify its position. However, for the long term, we might want to wait until Q4 for the company's contracts to renew at a more lucrative rate for an extended period before the stock reaches its inflection point. However, if the recession does reign in and lead to a slowdown in the energy industry growth, I will be forced to change my opinion again to sell the stock. That risk and uncertainty remain, but hopefully, the central bank will manage to avoid that. Challenges And Opportunities The two primary challenges for ICD are intense competition and supply chain issues as the economy recovers from the pandemic. The issue is that even if the leading-edge spot day rates are ~$30,000 for pad-optimal super-spec drilling rigs, high reactivation costs make them untenable. So, we might see even higher day rates and more extended tenor contracts for the contract drillers like ICD in the US. This, however, will take time. Meanwhile, the company's focus on short-term pad-to-pad contracts can see margin improvement in Q2 and the rest of 2022. Because all of its contracts are due for re-pricing after October, its entire fleet can re-rate at current market day rates by Q4. In 2022, the company expects to reactivate three additional 300 series rigs, which typically command one of the highest day rates. The company estimates that the reactivation costs for these three rigs can range between $3.5 million-$4.5 million each, which makes a less than one-year payback period. The Q2 Forecast ICD's Filings and Press Release In Q2 2022, rig operating days can increase by 5% compared to Q1. On average, revenue per operating day can increase by 12%, exceeding the cost per day, leading to a ~33% rise in average rig margin per operating day in Q2. It expects utilization to remain nearly unchanged in Q2. Also, in Q2, the company expects to operate 16.8 active rigs. I think rig reactivations in a tight labor market can inflate costs more substantially than the company currently expects and hence, can dent its margin expectation. Analyzing The Q1 Drivers From Q4 2021 to Q1 2022, the company's revenue per day increased by 6%, while cost per day increased by 4%. Increased demand for the pad-optimal super-spec rigs and improved market conditions, despite higher labor costs and idle non-operating days, led to a 63% jump in the average rig margin. However, as of March 31, the company's drilling backlog declined by 18% compared to a quarter ago. A lower backlog typically represents a high percentage of short-term pad-to-pad contracts. A majority of the current backlog will expire by Q3. So, I think, it will re-rate its entire fleet in Q4 and benefit from the day rate momentum in an improving market. Cash Flows And Liquidity In Q1 2022, ICD's cash flow from operations (or CFO) remained negative but improved compared to a year ago. Although year-over-year revenues increased significantly during this period, adverse changes in working capital led to a negative CFO. Naturally, free cash flow (or FCF) was also negative in Q1. The expansion of day rates and margins can push the operating cash flow into positive territory in 2022.

Seeking Alpha • Apr 06

Independence Contract Drilling: Better Quality Rigs And Repricing Will Outdo Cash Flow Concerns

Independence Contract Drilling has several 300 Series rigs in its marketed supply inventory which can fetch a higher margin. The increasing dayrate momentum and contract re-pricing can benefit its operating margin in 1H 2022. Negative free cash flow may circumvent the company's ability to fund the rig reactivation program; however, the latest refinancing will ease the debt structure. The stock is relatively undervalued versus its peers.

Seeking Alpha • Jan 14

Independence Contract Drilling: Improved Revenue And Margin Can Bail Out Cash Flow Crunch

ICD plans to exit 2021 with higher drilling rig fleets than Q3. The sequential increase with the dayrate on contract roles can benefit the margin. The depressed market conditions can force it to draw down under the equity line of credit and increase financial risks in the medium term. Negative free cash flow can be a concern when debt repayment becomes due in the next couple of years.

스노우플레이크 점수
가치 평가	2/6
미래 성장	0/6
과거 실적	0/6
재무 건전성	2/6
배당	0/6

과거 주가
현재 주가	US$0.027
52주 최고가	US$2.28
52주 최저가	US$0.005
베타	5.08
1개월 변동	145.09%
3개월 변동	-69.50%
1년 변동	-98.67%
3년 변동	-99.20%
5년 변동	-99.81%
IPO 이후 변동	-99.99%

	ICDI.Q	US Energy Services	US 시장
7D	40.8%	2.9%	-0.3%
1Y	-98.7%	96.9%	26.7%

ICDI.Q volatility
ICDI.Q Average Weekly Movement	58.8%
Energy Services Industry Average Movement	7.2%
Market Average Movement	7.2%
10% most volatile stocks in US Market	16.2%
10% least volatile stocks in US Market	3.2%

ICDI.Q 기초 통계
시가총액	US$414.67k
순이익 (TTM)	-US$70.15m
매출 (TTM)	US$173.79m

ICDI.Q 손익계산서 (TTM)
매출	US$173.79m
매출원가	US$123.50m
총이익	US$50.29m
기타 비용	US$120.44m
순이익	-US$70.15m

주당순이익(EPS)	-4.64
총이익률	28.94%
순이익률	-40.36%
부채/자본 비율	118.3%

데이터	최종 업데이트 (UTC 시간)
기업 분석	2025/01/20 18:45
종가	2025/01/17 00:00
수익	2024/09/30
연간 수익	2023/12/31

패키지	데이터	기간	미국 소스 예시 ^*
기업 재무제표	10년	손익계산서 현금흐름표 대차대조표	SEC 양식 10-K SEC 양식 10-Q
분석가 컨센서스 추정치	+3년	재무 예측 분석가 목표주가	분석가 리서치 보고서 Blue Matrix
시장 가격	30년	주가 배당, 분할 및 기타 조치	ICE 시장 데이터 SEC 양식 S-1
지분 구조	10년	주요 주주 내부자 거래	SEC 양식 4 SEC 양식 13D
경영진	10년	리더십 팀 이사회	SEC 양식 10-K SEC 양식 DEF 14A
주요 개발	10년	회사 공시	SEC 양식 8-K

분석가	기관
Thomas Curran	B. Riley Securities, Inc.
Luke Lemoine	Capital One Securities, Inc.
Sonny Randhawa	D.A. Davidson & Co.

This company listing is no longer active

Independence Contract Drilling (ICDI.Q) 주식 개요

위험 분석

Independence Contract Drilling, Inc. 경쟁사

SMG Industries

Strata Power

Enservco

Shoal Point Energy

가격 이력 및 성과

최근 뉴스 및 업데이트

Independence Contract Drilling Files Form 15

Independence Contract Drilling, Inc. Filed for Bankruptcy

Independence Contract Drilling, Inc. announced that it has received $7.5 million in funding from MSD Partners, L.P., Glendon Capital Management L.P.

Independence Contract Drilling, Inc. announced delayed 10-Q filing

Independence Contract Drilling, Inc. Announces Board Changes

The New York Stock Exchange to Commence Delisting Proceedings against Independence Contract Drilling

Recent updates

Independence Contract Drilling Files Form 15

Independence Contract Drilling, Inc. Filed for Bankruptcy

Independence Contract Drilling, Inc. announced that it has received $7.5 million in funding from MSD Partners, L.P., Glendon Capital Management L.P.

Independence Contract Drilling, Inc. announced delayed 10-Q filing

Independence Contract Drilling, Inc. Announces Board Changes

The New York Stock Exchange to Commence Delisting Proceedings against Independence Contract Drilling

Consensus EPS estimates fall by 21%

New major risk - Market cap size

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

New minor risk - Share price stability

Improved Revenues Required Before Independence Contract Drilling, Inc. (NYSE:ICD) Shares Find Their Feet

Price target decreased by 24% to US$3.50

Price target decreased by 24% to US$3.50

Price target decreased by 24% to US$3.50

Does Independence Contract Drilling (NYSE:ICD) Have A Healthy Balance Sheet?

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Independence Contract Drilling, Inc., Annual General Meeting, Jun 05, 2024

Independence Contract Drilling, Inc. to Report Q1, 2024 Results on May 01, 2024

Consensus revenue estimates fall by 23%

Full year 2023 earnings: EPS and revenues miss analyst expectations

Independence Contract Drilling's (NYSE:ICD) Returns On Capital Are Heading Higher

Independence Contract Drilling, Inc. to Report Q4, 2023 Results on Feb 28, 2024

We Think Independence Contract Drilling (NYSE:ICD) Is Taking Some Risk With Its Debt

Independence Contract Drilling, Inc.'s (NYSE:ICD) Shares Lagging The Industry But So Is The Business

Consensus EPS estimates upgraded to US$1.04 loss

Price target decreased by 8.3% to US$4.58

New minor risk - Profitability

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Forecast to breakeven in 2025

Independence Contract Drilling, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Consensus EPS estimates fall by 63%

Forecast to breakeven in 2024

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 15%

Independence Contract Drilling, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Consensus EPS estimates fall by 40%

No longer forecast to breakeven

Independence Contract Drilling (NYSE:ICD) Seems To Be Using A Lot Of Debt

Independence Contract Drilling Navigates Through Operational Challenges

Consensus EPS estimates fall by 10%

First quarter 2023 earnings released: EPS: US$0.001 (vs US$5.20 loss in 1Q 2022)

High number of new directors

Forecast breakeven date pushed back to 2024

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Health Check: How Prudently Does Independence Contract Drilling (NYSE:ICD) Use Debt?

Independence Contract Drilling: Repricing And Profit Growth Potential Are Alluring

Price target increased to US$6.67

Insider recently sold US$802k worth of stock

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Independence Contract Drilling Non-GAAP EPS of -$0.35, revenue of $49.1M

Is Independence Contract Drilling (NYSE:ICD) Using Debt In A Risky Way?

Independence Contract Drilling, Inc. to Report Q3, 2022 Results on Nov 01, 2022

Insider recently sold US$364k worth of stock

Independence Contract Drilling: Rig Reactivation And Margin Expansion Will Drive It

Insider recently sold US$468k worth of stock

Insider recently sold US$885k worth of stock

Insider recently sold US$187k worth of stock

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Independence Contract Drilling, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Independence Contract Drilling: Await The Repricing And Contract Renewals

Independence Contract Drilling, Inc. Appoints Robert J. Barrett, IV to its Board of Directors

First quarter 2022 earnings: EPS misses analyst expectations

Independence Contract Drilling, Inc. to Report Q1, 2022 Results on May 05, 2022