Independence Contract Drilling, Inc. (ICD)

NYSE: ICD · IEX Real-Time Price · USD
3.06
+0.05 (1.76%)
Jul 7, 2022 1:03 PM EDT - Market open
1.76%
Market Cap 41.71M
Revenue (ttm) 107.40M
Net Income (ttm) -109.48M
Shares Out 13.62M
EPS (ttm) -12.47
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 18,958
Open 3.14
Previous Close 3.01
Day's Range 3.04 - 3.19
52-Week Range 2.42 - 7.40
Beta 5.83
Analysts Buy
Price Target 7.14 (+133.1%)
Earnings Date Aug 3, 2022

About ICD

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 in the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale. Its fleet consists of 24 rigs. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas. [Read more...]

Industry Energy Equipment & Services
IPO Date Aug 8, 2014
Employees 500
Stock Exchange NYSE
Ticker Symbol ICD
Full Company Profile

Financial Performance

In 2021, ICD's revenue was $87.96 million, an increase of 5.44% compared to the previous year's $83.42 million. Losses were -$66.71 million, -30.97% less than in 2020.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for ICD stock is "Buy." The 12-month stock price forecast is 7.14, which is an increase of 133.10% from the latest price.

Price Target
$7.14
(133.10% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Independence Contract Drilling Adds Robert Barrett to its Board of Directors

HOUSTON , July 1, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today announced that its Board of Directors elected Robert J. Barrett, IV to its Board of...

Correction to Press Release Announcing Financial Results For the First Quarter Ended March 31, 2022

HOUSTON , May 16, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today announced a correction to its press release issued on May 5, 2022, announcing the C...

Independence Contract Drilling, Inc. Reports Unaudited Financial Results For The First Quarter Ended March 31, 2022

HOUSTON , May 5, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended March 31, 2022. First quarter ...

Independence Contract Drilling, Inc. Announces Timing of First Quarter 2022 Financial Results and Conference Call

HOUSTON , April 28, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its first quarter 2022 results before the New York Stock Ex...

Independence Contract Drilling, Inc. To Participate In The 2022 Virtual Growth Conference Presented By Maxim Group LL...

HOUSTON , March 24, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) announced today that Anthony Gallegos, President & Chief Executive Officer, has been in...

INDEPENDENCE CONTRACT DRILLING, INC. ANNOUNCES COMPREHENSIVE REFINANCING OF ITS TERM LOAN INDEBTEDNESS AND PLANS FOR ...

HOUSTON, March 18, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today announced that it has entered into a comprehensive refinancing of its term loan in...

Independence Contract Drilling, Inc. Reports Unaudited Financial Results For The Fourth Quarter and Year Ended Decemb...

HOUSTON, March 7, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three and twelve months ended December 31, 2021....

Independence Contract Drilling, Inc. Announces Timing of Fourth Quarter and Year End 2021 Financial Results and Confe...

HOUSTON, Feb. 24, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its fourth quarter and year end 2021 results before the New Y...

Independence Contract Drilling, Inc. Reports Financial Results For The Third Quarter Ended September 30, 2021

HOUSTON, Nov. 2, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended September 30, 2021. Third quar...

Independence Contract Drilling, Inc. Announces Timing of Third Quarter 2021 Financial Results and Conference Call

HOUSTON, Oct. 22, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its third quarter 2021 results before the New York Stock Exch...

Independence Contract Drilling, Inc. Announces Continued Dayrate Progression and Progress on Rig Reactivation Plans

HOUSTON, Sept. 20, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today announced that it has signed a drilling contract for the reactivation of its 16th ...

Independence Contract Drilling, Inc. to Present at EnerCom's The Oil and Gas Conference

HOUSTON, Aug. 16, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will be participating at EnerCom's The Oil and Gas Conference to be held o...

Independence Contract: Q2 Earnings Insights

Shares of Independence Contract (NYSE:ICD) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share rose 20.15% over the past year to ($2.18), which beat the estim...

Independence Contract Drilling, Inc. Reports Financial Results For The Second Quarter Ended June 30, 2021 And Additio...

HOUSTON, Aug. 4, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended June 30, 2021. Second quarter ...

Independence Contract Drilling, Inc. Announces Timing of Second Quarter 2021 Financial Results and Conference Call

HOUSTON, July 13, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its second quarter 2021 results before the New York Stock Exc...

MSD Capital Continues to Grind Independence Contract Drilling Holding Down

Having trimmed its holding of Independence Contract Drilling Inc. ( ICD , Financial) over the past two quarters, Michael Dell (Trades, Portfolio)'s MSD Capital disclosed another 7.04% reduction earlier ...

Independence Contract Drilling, Inc. Reports Financial Results For The First Quarter Ended March 31, 2021 And Announc...

HOUSTON, May 4, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended March 31, 2021. First quarter 2...

Independence Contract Drilling, Inc. Announces Timing of First Quarter 2021 Financial Results and Conference Call

HOUSTON, April 13, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its first quarter 2021 results before the New York Stock Exc...

MSD Capital Further Slims Independence Contract Drilling Stake

MSD Capital, the firm established by Dell Technologies Inc. (NYSE:DELL) founder Michael Dell (Trades, Portfolio), revealed this week that it reduced its Independence Contract Drilling Inc. (NYSE:ICD) ho...

MSD Capital Puts a Larger Cap on Independence Contract Drilling

Further whittling down its position in Independence Contract Drilling Inc. (NYSE:ICD), Michael Dell (Trades, Portfolio)'s MSD Capital revealed another reduction of 5.75% earlier this week.

Recap: Independence Contract Q4 Earnings

Shares of Independence Contract (NYSE:ICD) were unchanged after the company reported Q4 results. Quarterly Results Earnings per share were down 2550.00% year over year to ($2.65), which missed the estim...

Independence Contract Drilling, Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 202...

HOUSTON, Feb. 24, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three and twelve months ended December 31, 2020 ...

Independence Contract Drilling, Inc. Announces Timing of Fourth Quarter and Year End 2020 Financial Results and Confe...

HOUSTON, Jan. 29, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its fourth quarter and year end 2020 results before the New Y...

Independence Contract Drilling, Inc. Announces Appointment Of Stacy Nieuwoudt To Board Of Directors

HOUSTON, Jan. 19, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today announced the appointment of Stacy Durbin Nieuwoudt to the Company's Board of Direc...

Michael Dell's MSD Capital Further Constricts Independence Contract Drilling Holding

Continuing to curb its position in Independence Contract Drilling Inc. (NYSE:ICD), Michael Dell (Trades, Portfolio)'s MSD Capital disclosed another 12.35% reduction last week.