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Independence Contract Drilling NYSE:ICD Stock Report

Last Price

US$1.41

Market Cap

US$19.9m

7D

20.5%

1Y

-50.0%

Updated

22 Jul, 2024

Data

Company Financials +

Independence Contract Drilling, Inc.

NYSE:ICD Stock Report

Market Cap: US$19.9m

Independence Contract Drilling, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Independence Contract Drilling
Historical stock prices
Current Share PriceUS$1.41
52 Week HighUS$3.45
52 Week LowUS$1.06
Beta4.96
11 Month Change7.63%
3 Month Change-26.56%
1 Year Change-50.00%
33 Year Change-57.40%
5 Year Change-94.22%
Change since IPO-99.36%

Recent News & Updates

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

Jun 20
Improved Revenues Required Before Independence Contract Drilling, Inc. (NYSE:ICD) Shares Find Their Feet

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

May 09
Does Independence Contract Drilling (NYSE:ICD) Have A Healthy Balance Sheet?

Recent updates

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

Jun 20
Improved Revenues Required Before Independence Contract Drilling, Inc. (NYSE:ICD) Shares Find Their Feet

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

May 09
Does Independence Contract Drilling (NYSE:ICD) Have A Healthy Balance Sheet?

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

Feb 29
Independence Contract Drilling's (NYSE:ICD) Returns On Capital Are Heading Higher

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

Jan 10
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

Nov 10
Independence Contract Drilling, Inc.'s (NYSE:ICD) Shares Lagging The Industry But So Is The Business

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

Jun 14
Independence Contract Drilling (NYSE:ICD) Seems To Be Using A Lot Of Debt

Independence Contract Drilling Navigates Through Operational Challenges

Jun 08

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

Feb 22
Health Check: How Prudently Does Independence Contract Drilling (NYSE:ICD) Use Debt?

Independence Contract Drilling: Repricing And Profit Growth Potential Are Alluring

Feb 03

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

Nov 01

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

Oct 28
Is Independence Contract Drilling (NYSE:ICD) Using Debt In A Risky Way?

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

Oct 06

Independence Contract Drilling: Await The Repricing And Contract Renewals

Jul 13

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

Apr 06

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

Jan 14

Independence Contract Drilling reports Q1 results

May 04

Independence Contract Drilling EPS beats by $0.48, beats on revenue

Nov 03

Shareholder Returns

ICDUS Energy ServicesUS Market
7D20.5%-0.3%-1.1%
1Y-50.0%-2.1%20.0%

Return vs Industry: ICD underperformed the US Energy Services industry which returned -1.5% over the past year.

Return vs Market: ICD underperformed the US Market which returned 19% over the past year.

Price Volatility

Is ICD's price volatile compared to industry and market?
ICD volatility
ICD Average Weekly Movement7.9%
Energy Services Industry Average Movement5.8%
Market Average Movement5.9%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: ICD's share price has been volatile over the past 3 months.

Volatility Over Time: ICD's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011450John Gallegoswww.icdrilling.com

Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. It operates a fleet of pad-optimal and superspec AC powered rigs in the Permian Basin and the Haynesville Shale. The company was incorporated in 2011 and is headquartered in Houston, Texas.

Independence Contract Drilling, Inc. Fundamentals Summary

How do Independence Contract Drilling's earnings and revenue compare to its market cap?
ICD fundamental statistics
Market capUS$19.89m
Earnings (TTM)-US$46.69m
Revenue (TTM)US$192.99m

0.1x

P/S Ratio

-0.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ICD income statement (TTM)
RevenueUS$192.99m
Cost of RevenueUS$123.61m
Gross ProfitUS$69.38m
Other ExpensesUS$116.07m
Earnings-US$46.69m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-3.22
Gross Margin35.95%
Net Profit Margin-24.20%
Debt/Equity Ratio97.0%

How did ICD perform over the long term?

See historical performance and comparison
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