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Independence Contract Drilling, Inc. (ICD)

NYSE: ICD · IEX Real-Time Price · USD
2.95 0.05 (1.72%)
Sep 24, 2021 4:00 PM EDT - Market closed
Market Cap21.37M
Revenue (ttm)58.90M
Net Income (ttm)-89.22M
Shares Out7.24M
EPS (ttm)-14.40
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume155,395
Open2.92
Previous Close2.90
Day's Range2.90 - 3.10
52-Week Range2.23 - 7.97
Beta6.98
AnalystsHold
Price Target2.50 (-15.3%)
Est. Earnings DateNov 3, 2021

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 that are engineered and designed to accelerate its clients' production profiles and cash flows from their technically demanding and economically impactful oil and gas properties in the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale. Its fleet consists of 29 rigs. The company was founded in 2011 and is headqua...

IndustryEnergy Equipment & Services
IPO DateAug 8, 2014
Employees300
Stock ExchangeNYSE
Ticker SymbolICD
Full Company Profile

Financial Performance

In 2020, ICD's revenue was $83.42 million, a decrease of -59.03% compared to the previous year's $203.60 million. Losses were -$96.64 million, 59.0% more than in 2019.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for ICD stock is "Hold." The 12-month stock price forecast is 2.50, which is a decrease of -15.25% from the latest price.

Price Target
$2.50
(-15.25% downside)
Analyst Consensus: Hold

News

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 ...

5 days ago - PRNewsWire

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...

1 month ago - PRNewsWire

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...

1 month ago - Benzinga

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 ...

1 month ago - PRNewsWire

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...

2 months ago - PRNewsWire

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 ...

3 months ago - GuruFocus

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...

4 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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...

5 months ago - GuruFocus

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.

6 months ago - GuruFocus

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...

7 months ago - Benzinga

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 ...

7 months ago - PRNewsWire

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...

7 months ago - PRNewsWire

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...

8 months ago - PRNewsWire

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.

8 months ago - GuruFocus

Independence Contract Drilling, Inc. Announces Executive Management Promotions And Appointments

HOUSTON, Dec. 21, 2020 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today announced the following executive management promotions and appointments: Philip A....

9 months ago - PRNewsWire

The 7 Worst Performing Stocks of 2020

Perhaps this year like no other has demonstrated the yin-yang effect of the market. While we've seen incredible winners, these companies represent the worst performing stocks of 2020.

Other symbols:AHTFARMGLBSMITTREPH
9 months ago - InvestorPlace

Michael Dell's MSD Capital Reduces Independence Contract Drilling Stake

Michael Dell (Trades, Portfolio)'s MSD Capital has revealed a reduction in its holding of Independence Contract Drilling Inc. (NYSE:ICD), according to GuruFocus' Real-Time Picks, a Premium feature.

9 months ago - GuruFocus

Independence Contract Drilling, Inc. (ICD) CEO Anthony Gallegos on Q3 2020 Results - Earnings Call Transcript

Independence Contract Drilling, Inc. (ICD) CEO Anthony Gallegos on Q3 2020 Results - Earnings Call Transcript

10 months ago - Seeking Alpha

Independence Contract Drilling, Inc. Announces Timing of Third Quarter 2020 Financial Results and Conference Call

HOUSTON, Oct. 13, 2020 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its third quarter 2020 results before the New York Stock Exch...

11 months ago - PRNewsWire

Independence Contract Drilling, Inc. Provides Interim Update On Certain Operational And Financial Data

HOUSTON, Sept. 3, 2020 /PRNewswire/ -- Independence Contract Drilling, Inc.

1 year ago - PRNewsWire

Independence Contract Drilling, Inc. (ICD) CEO Anthony Gallegos on Q2 2020 Results - Earnings Call Transcript

Independence Contract Drilling, Inc. (ICD) CEO Anthony Gallegos on Q2 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Independent Contract Drilling (ICD) Reports Q2 Loss, Tops Revenue Estimates

Independent Contract Drilling (ICD) delivered earnings and revenue surprises of 28.35% and 3.79%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Earnings Preview: Independent Contract Drilling (ICD) Q2 Earnings Expected to Decline

Independent Contract Drilling (ICD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 year ago - Zacks Investment Research

Independence Contract Drilling, Inc. Announces Timing of Second Quarter 2020 Financial Results and Conference Call

HOUSTON, July 17, 2020 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its second quarter 2020 results before the New York Stock Exc...

1 year ago - PRNewsWire