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Independence Contract Drilling, Inc. (ICD)

Stock Price: $5.55 USD 0.17 (3.16%)
Updated Mar 3, 2021 4:00 PM EST - Market closed
Market Cap 36.50M
Revenue (ttm) 83.42M
Net Income (ttm) -96.64M
Shares Out 4.91M
EPS (ttm) -19.69
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a
Trading Day March 3
Last Price $5.55
Previous Close $5.38
Change ($) 0.17
Change (%) 3.16%
Day's Open 5.38
Day's Range 5.38 - 6.28
Day's Volume 272,855
52-Week Range 1.08 - 14.39

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GuruFocus - 13 hours ago

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.

Benzinga - 1 week ago

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...

PRNewsWire - 1 week ago

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...

PRNewsWire - 1 month ago

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...

PRNewsWire - 1 month ago

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 Boar...

GuruFocus - 1 month ago

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.

PRNewsWire - 2 months ago

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

InvestorPlace - 2 months ago

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 stocks mentioned: AHT, FARM, GLBS, JE, MITT, REPH
GuruFocus - 2 months ago

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 fea...

Seeking Alpha - 4 months ago

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

PRNewsWire - 4 months ago

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 ...

PRNewsWire - 6 months ago

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

Seeking Alpha - 6 months ago

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

Zacks Investment Research - 6 months ago

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 fo...

Zacks Investment Research - 7 months ago

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.

PRNewsWire - 7 months ago

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...

PRNewsWire - 8 months ago

HOUSTON, July 1, 2020 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) provided the following operational and financial updates for the three months en...

Seeking Alpha - 9 months ago

Independence Contract Drilling, Inc. (ICD) CEO Anthony Gallegos on Q1 2020 Results - Earnings Call Transcript

Zacks Investment Research - 9 months ago

Independent Contract Drilling (ICD) delivered earnings and revenue surprises of 4.08% and 11.58%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead f...

Zacks Investment Research - 10 months ago

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.

Seeking Alpha - 1 year ago

Independence Contract Drilling, Inc. (ICD) CEO Anthony Gallegos on Q4 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

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.

Seeking Alpha - 1 year ago

Independence Contract Drilling's (ICD) CEO Anthony Gallegos on Q3 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Independent Contract Drilling (ICD) delivered earnings and revenue surprises of 16.67% and 0.05%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahe...

Zacks Investment Research - 1 year ago

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.

Zacks Investment Research - 1 year ago

Low oil price, conservative upstream capital budget and regulatory hurdles can keep affecting the drilling industry. However, cost reduction and efficiency gains can aid the industry.

Other stocks mentioned: DO, HP, NE, RIG
Seeking Alpha - 1 year ago

Independence Contract Drilling, Inc. (ICD) CEO Anthony Gallegos on Q2 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Disturbances in Iran intensified on Jul 18 after President Donald Trump declared that the U.S. Navy destroyed an Iranian drone in the Strait of Hormuz in a defensive action.

Other stocks mentioned: EPD, ESTE, HLX, LPI
Zacks Investment Research - 1 year ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

Seeking Alpha - 1 year ago

Low demand in the market has put pricing, rig utilization, and margin under pressure in Q2.

Zacks Investment Research - 1 year ago

Industry watchers think Morgan Stanley's views on U.S. shale are highly optimistic and dependent on multiple caveats.

Other stocks mentioned: APA, CLMT, FET, OMP, TALO
Seeking Alpha - 1 year ago

Independence Contract Drilling's (ICD) CEO Anthony Gallegos on Q1 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Independent Contract Drilling (ICD) delivered earnings and revenue surprises of 300.00% and 0.35%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead ...

Zacks Investment Research - 1 year ago

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.

Zacks Investment Research - 1 year ago

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.

Seeking Alpha - 1 year ago

ICD's conversion of the mechanical rigs into advanced rigs can lead to higher margin in the medium-to-long term.

About ICD

Independence Contract Drilling 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 headquartered... [Read more...]

Industry
Oil & Gas Drilling
IPO Date
Aug 8, 2014
CEO
John Anthony Gallegos Jr.
Stock Exchange
NYSE
Ticker Symbol
ICD
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 Forecasts

According to 3 analysts, the average rating for ICD stock is "Hold." The 12-month stock price forecast is 3.33, which is a decrease of -40.00% from the latest price.

Price Target
$3.33
(-40.00% downside)
Analyst Consensus: Hold