Independence Contract Drilling, Inc. ICD
0.59 0.00 (+0.00%)
At closeAug 28, 2024, 4:00 PM EDT
0.5801 Day range 0.6501
52-week range unavailable
- Market cap
- 8.92M
- Revenue (ttm)
- 179.96M
- Profit margin
- -32.92%
- Shares out
- 15.22M
- Forward P/E
- -0.38
- Volume
- 317.48K
- Open
- 0.65
- Previous close
- 0.5858
- Day's range
- 0.5801 – 0.6501
- Beta
- 4.96
- Analysts
- Buy
- Price target
- 3.00 (+412.1%)
- Earnings date
- Aug 7, 2024
2Y -2.5600 (-90.46%)
Key statistics
- Enterprise value
- 177.19M
- PEG ratio
- -0.03
- Price / sales
- 0.05
- Price / book
- 0.05
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- -23.10%
- Free cash flow
- 6.69M
- Total cash
- 5.54M
- Total debt
- 174.22M
- Return on equity
- -31.99%
- Short % of float
- 4.69%
- 50-day average
- 0.936612
- 200-day average
- 1.64
Analyst view
Consensus: buy
Buy
Price target (mean) 3.00
Ratings (0m) 9 8 buy · 1 hold · 0 sell
- Strong buy1
- Buy7
- Hold1
- Sell0
- Strong sell0
Next earnings
Aug 7, 2024
Expected Aug 7, 2024. Consensus EPS estimate -0.59.
Financials — quick view
ICD Revenue — quarterly 43.33M
ICD Net income — quarterly -16.72M
ICD EPS — quarterly -1.15
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Aug 7, 2024 | Jun 1, 2024 | -0.76 | — | — | — |
| May 1, 2024 | Mar 1, 2024 | -0.73 | — | — | — |
| Feb 28, 2024 | Dec 1, 2023 | -0.46 | — | — | — |
| Nov 1, 2023 | Sep 1, 2023 | -0.51 | — | — | — |
| Aug 3, 2023 | Jun 1, 2023 | -0.26 | — | — | — |
| May 9, 2023 | Mar 1, 2023 | 0.02 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| May 10, 2020 | Morgan Stanley | main | — | Equal-Weight |
| May 10, 2020 | B. Riley Securities | down | Buy | Neutral |
| Apr 7, 2020 | B. Riley Securities | main | — | Buy |
| Mar 3, 2020 | B. Riley Securities | main | — | Buy |
| Oct 6, 2019 | Morgan Stanley | main | — | Equal-Weight |
| Sep 24, 2019 | RBC Capital | down | Outperform | Sector Perform |
About Independence Contract Drilling, Inc.
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.
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- Country
- United States
- Website
- icdrilling.com
News
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SeaStar Medical Announces New ICD-10-PCS Codes for Its SCD Therapy for Acute Kidney Injury 
Geopolitical Risk Concerns Surge for Corporate Treasurers, According to 2026 Tradeweb ICD Portal Client Survey 
Raymond James Financial Names Kirk Bell Independent Contractor Division President 
Tradeweb Introduces T-bill Trading on ICD Portal 
Independence Contract Drilling, Inc. Announces Commencement of Trading on the OTCQX Best Market under the Symbol ICDI Effective August 29, 2024 
Stonegate Updates Coverage on Independence Contract Drilling, Inc. (ICD) 2Q24 
Independent Contract Drilling (ICD) Reports Q2 Loss, Tops Revenue Estimates 
Independence Contract Drilling, Inc. Reports Financial Results for the Second Quarter Ended June 30, 2024 
NeuroOne® Granted Approval of ICD-10 Procedure Code for sEEG RF Ablation
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| BARRETT ROBERT J. IV | Director | Conversion of Exercise of derivative security | Jun 30, 2024 | 75,961 |
| CEBULA VINCENT J | Director | Conversion of Exercise of derivative security | Mar 17, 2024 | 77,502 |
| CHOYCE PHILIP A | Chief Financial Officer | Stock Award(Grant) | Feb 26, 2024 | 301,925 |
| DALRYMPLE PHILIP | Officer | Stock Award(Grant) | Feb 26, 2024 | 152,854 |
| GALLEGOS JOHN ANTHONY JR | Chief Executive Officer | Stock Award(Grant) | Feb 26, 2024 | 609,788 |
| KELLER SCOTT A. | Officer | Stock Award(Grant) | Feb 26, 2024 | 178,551 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Msd Partners, L.p. | 12.08% | 1,701,000 | 4.64M | Jun 29, 2023 |
| Glendon Capital Management, LP | 3.63% | 511,481 | 1.40M | Jun 29, 2023 |
| Fairfax Financial Holdings Ltd | 2.77% | 390,294 | 1.07M | Jun 29, 2023 |
| Tejara Capital Ltd | 2.56% | 360,915 | 985.30K | Jun 29, 2023 |
| Vanguard Group Inc | 2.27% | 319,634 | 872.60K | Jun 29, 2023 |
| Castleknight Management LP | 1.50% | 211,959 | 578.65K | Jun 29, 2023 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 1.60% | 225,114 | 614.56K | Jun 29, 2023 |
| Vanguard Extended Market Index Fund | 0.64% | 90,120 | 246.03K | Jun 29, 2023 |
| Dimensional ETF Tr-Dimensional U.S. Targeted Value ETF | 0.43% | 59,958 | 189.47K | Jul 30, 2023 |
| Fidelity Extended Market Index Fund | 0.40% | 56,876 | 154.13K | May 30, 2023 |
| Bridgeway Funds Inc-Ultra Small Company Market Fund | 0.39% | 55,000 | 150.15K | Jun 29, 2023 |
| Ancora MicroCap Fd | 0.24% | 33,121 | 90.42K | Jun 29, 2023 |