Independence Contract Drilling Inc
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Energy : Energy Equipment & Services | Small Cap Value
Company profile

Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers targeting unconventional resource plays in the United States. It owns and operates a fleet comprised of drilling rigs. It focuses its operations on unconventional resource plays located in geographic regions in Houston, Texas and Midland, Texas. Its business depends on the level of exploration and production activity by oil and natural gas companies operating in the United States, and in particular, the regions where it markets its contract drilling services. Its rig fleet includes approximately 29 alternating current (AC) powered rigs, of which approximately 24 are included in its marketed fleet. Its rigs are operating in the Permian Basin, the Haynesville Shale and the Eagle Ford Shale.

Postmarket

Last Trade
Delayed
$4.56
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$4.56
Day's Change
-0.25 (-5.20%)
Bid
--
Ask
--
B/A Size
--
Day's High
5.14
Day's Low
4.20
Volume
(Average)
Volume:
788,405

10-day average volume:
842,089
788,405

Company Profile

Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers targeting unconventional resource plays in the United States. It owns and operates a fleet comprised of drilling rigs. It focuses its operations on unconventional resource plays located in geographic regions in Houston, Texas and Midland, Texas. Its business depends on the level of exploration and production activity by oil and natural gas companies operating in the United States, and in particular, the regions where it markets its contract drilling services. Its rig fleet includes approximately 29 alternating current (AC) powered rigs, of which approximately 24 are included in its marketed fleet. Its rigs are operating in the Permian Basin, the Haynesville Shale and the Eagle Ford Shale.

Valuation Ratios

Price/Earnings (TTM)
--
Price/Sales (TTM)
0.53x
Price/Book (MRQ)
0.14x
Price/Cash Flow (TTM)
--
TTM = Trailing Twelve Months
MRQ = Most Recent Quarter

Price Performance

Historic Growth and Share Detail

Historic Growth

Annual growth, past 5 years
EPS
Revenue
Dividend No Regular Dividend is paid
 

Short Interest

September 2021
Current Month
133.1K
Previous Month
137.8K
Percent of Float
1.87%
Days to Cover
0.9286 Days

Share Information

ICD is in a share class of common stock
Float
7.1M
Shares Outstanding
7.2M
Institutions Holding Shares
27
16.31%

Financial Statements

Balance sheet

Values displayed are in millions.

Income statement

Values displayed are in thousands.

Cash flow

Values displayed are in thousands.

Company Officers

  • Daniel F. McNease
  • J. Anthony GallegosPres.
  • Philip A. ChoyceCFO
  • Philip A. DalrympleSr.VP
  • Scott A. KellerSr.VP

Address

Insider Trading

During the most recent quarter, 4K shares were bought in insider trading.

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Market data and information provided by Morningstar.

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