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Independence Contract Drilling, Inc is an oil & gas drilling business based in the US. Independence Contract Drilling shares (ICD) are listed on the NYSE and all prices are listed in US Dollars. Independence Contract Drilling employs 650 staff and has a trailing 12-month revenue of around USD$115.4 million.
|Latest market close||USD$3.46|
|52-week range||USD$1.08 - USD$23.8|
|50-day moving average||USD$3.2134|
|200-day moving average||USD$3.1264|
|Wall St. target price||USD$4.25|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-0.419|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2021-01-11)||-6.23%|
|1 month (2020-12-18)||8.12%|
|3 months (2020-10-16)||33.59%|
|6 months (2020-07-17)||-4.16%|
|1 year (2020-01-17)||320.31%|
|2 years (2019-01-18)||0.87%|
|3 years (2018-01-18)||5.18|
|5 years (2016-01-15)||3.83|
Valuing Independence Contract Drilling stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Independence Contract Drilling's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Independence Contract Drilling's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$13.7 million.
The EBITDA is a measure of a Independence Contract Drilling's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$115.4 million|
|Gross profit TTM||USD$58.7 million|
|Return on assets TTM||-3.92%|
|Return on equity TTM||-26.98%|
|Market capitalisation||USD$19 million|
TTM: trailing 12 months
There are currently 102,209 Independence Contract Drilling shares held short by investors – that's known as Independence Contract Drilling's "short interest". This figure is 34.9% up from 75,767 last month.
There are a few different ways that this level of interest in shorting Independence Contract Drilling shares can be evaluated.
Independence Contract Drilling's "short interest ratio" (SIR) is the quantity of Independence Contract Drilling shares currently shorted divided by the average quantity of Independence Contract Drilling shares traded daily (recently around 365032.14285714). Independence Contract Drilling's SIR currently stands at 0.28. In other words for every 100,000 Independence Contract Drilling shares traded daily on the market, roughly 280 shares are currently held short.
However Independence Contract Drilling's short interest can also be evaluated against the total number of Independence Contract Drilling shares, or, against the total number of tradable Independence Contract Drilling shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Independence Contract Drilling's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Independence Contract Drilling shares in existence, roughly 20 shares are currently held short) or 0.0208% of the tradable shares (for every 100,000 tradable Independence Contract Drilling shares, roughly 21 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Independence Contract Drilling.
Find out more about how you can short Independence Contract Drilling stock.
We're not expecting Independence Contract Drilling to pay a dividend over the next 12 months.
Independence Contract Drilling's shares were split on a 1:20 basis on 12 March 2020. So if you had owned 20 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Independence Contract Drilling shares – just the quantity. However, indirectly, the new 1900% higher share price could have impacted the market appetite for Independence Contract Drilling shares which in turn could have impacted Independence Contract Drilling's share price.
Over the last 12 months, Independence Contract Drilling's shares have ranged in value from as little as $1.08 up to $23.8. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Independence Contract Drilling's is 7.0651. This would suggest that Independence Contract Drilling's shares are significantly more volatile than the average for this exchange and represent a higher risk.
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 headquartered in Houston, Texas.
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