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How to buy Independence Contract Drilling (ICD) stocks in Canada

Learn how to easily invest in Independence Contract Drilling stocks.

Independence Contract Drilling is an oil & gas drilling business based in the US. Independence Contract Drilling stocks (ICD.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $3.83 – an increase of 10.36% over the previous week. Independence Contract Drilling employs 500 staff and has a trailing 12-month revenue of around $88 million.

How to buy stocks in Independence Contract Drilling

  1. Compare stock trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – ICD – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of stocks with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Independence Contract Drilling stock price (NYSE:ICD)

Use our graph to track the performance of ICD stocks over time.

Independence Contract Drilling shares at a glance

Information last updated 2022-05-12.
Latest market close$3.73
52-week range$2.42 - $7.40
50-day moving average $4.36
200-day moving average $3.63
Wall St. target price$7.00
PE ratio N/A
Dividend yield $0 (0%)
Earnings per share (TTM) $-8.89

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Is it a good time to buy Independence Contract Drilling stock?

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.

Independence Contract Drilling price performance over time

Historical closes compared with the close of $3.73 from 2022-05-16

1 week (2022-05-06) N/A
1 month (2022-04-13) -16.74%
3 months (2022-02-17) -6.28%
6 months (2021-11-17) 14.07%
1 year (2021-05-17) 11.34%
2 years (2020-05-15) -34.68%
3 years (2019-05-17) 35.14%
5 years (2017-05-17) 4.19

Is Independence Contract Drilling under- or over-valued?

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

Independence Contract Drilling's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $4.6 million.

The EBITDA is a measure of a Independence Contract Drilling's overall financial performance and is widely used to measure a its profitability.

Independence Contract Drilling financials

Revenue TTM $88 million
Gross profit TTM $12.2 million
Return on assets TTM -6.57%
Return on equity TTM -30.17%
Profit margin -75.85%
Book value $19.18
Market capitalisation $45.1 million

TTM: trailing 12 months

Independence Contract Drilling share dividends

We're not expecting Independence Contract Drilling to pay a dividend over the next 12 months.

Have Independence Contract Drilling's shares ever split?

Independence Contract Drilling's shares were split on a 1:20 basis on 11 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.

Independence Contract Drilling share price volatility

Over the last 12 months, Independence Contract Drilling's shares have ranged in value from as little as $2.42 up to $7.4. 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 6.2598. 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 overview

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. .

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