Independence Contract Drilling Inc ICD
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if ICD is a good fit for your portfolio.
News
-
Independence Contract Drilling, Inc. Announces Timing of First Quarter 2024 Financial Results and Conference Call
-
INDEPENDENCE CONTRACT DRILLING, INC. ENGAGES PIPER SANDLER & CO. AS FINANCIAL ADVISOR TO STRATEGIC ALTERNATIVES COMMITTEE
-
Independence Contract Drilling, Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023
-
Independence Contract Drilling, Inc. Announces Timing of Fourth Quarter and Year End 2023 Financial Results and Conference Call
Trading Information
- Previous Close Price
- $1.94
- Day Range
- $1.85–1.93
- 52-Week Range
- $1.61–3.45
- Bid/Ask
- $1.82 / $1.94
- Market Cap
- $28.40 Mil
- Volume/Avg
- 20,790 / 71,461
Key Statistics
- Price/Earnings (Normalized)
- 3.92
- Price/Sales
- 0.12
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- 0.02%
Company Profile
Independence Contract Drilling Inc is engaged in providing land-based contract drilling services for oil and natural gas producers. The company constructs its own and operates a premium land rig fleet. It develops and assembles its ShaleDriller series rig which is used for the development of oil and gas properties. The company's customers for contract drilling services in the United States include oil and natural gas companies, independent oil and natural gas companies, as well as various small to mid-sized publicly traded and privately held oil and gas companies.
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- Stock Style Box
- Small Value
- Total Number of Employees
- 450
- Website
- https://www.icdrilling.com
Valuation
|
Metric
|
ICD
|
|---|---|
Price/Earnings (Normalized) | 3.92 |
Price/Book Value | 0.15 |
Price/Sales | 0.12 |
Price/Cash Flow | 0.44 |
Price/Earnings
ICD
Financial Strength
|
Metric
|
ICD
|
|---|---|
Quick Ratio | 0.92 |
Current Ratio | 1.07 |
Interest Coverage | −0.10 |
Quick Ratio
ICD
Profitability
|
Metric
|
ICD
|
|---|---|
Return on Assets (Normalized) | −2.99% |
Return on Equity (Normalized) | −6.06% |
Return on Invested Capital (Normalized) | 5.96% |
Return on Assets
ICD
Oil & Gas Drilling Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
NE
| Noble Corp PLC Class A | — | Zyj | $6.6 Bil | |
PTEN
| Patterson-UTI Energy Inc | Vff | Fjz | $4.5 Bil | |
HP
| Helmerich & Payne Inc | Grtgtfhzd | Spxt | $4.0 Bil | |
YZCFF
| Sinopec Oilfield Service Corp Class H | — | Nnf | $3.9 Bil | |
SDRL
| Seadrill Ltd | — | Vwnl | $3.5 Bil | |
BORR
| Borr Drilling Ltd | — | Skbb | $1.4 Bil | |
DO
| Diamond Offshore Drilling Inc | — | Dtrgs | $1.4 Bil | |
ODFJF
| Odfjell Drilling Ltd | — | Hkc | $1.1 Bil | |
PDS
| Precision Drilling Corp | Rktldvx | Nwfxd | $993.9 Mil | |
NBR
| Nabors Industries Ltd | Fbqttwmf | Hbcp | $763.9 Mil |