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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.
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| 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 |
Note: The dollar amounts in the table below are in Canadian dollars.
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.
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 |
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 $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.
| 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
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 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.
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, 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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