Tighe Noonan - Independence Contract Director

ICD Stock  USD 1.92  0.01  0.52%   

Director

Mr. Tighe A. Noonan is Director of Independence Contract Drilling, Inc. He has served as a director on our Board of Directors since November 2011. Mr. Noonan is a founding shareholder partner and has served as a Partner of 4D Global Energy Advisors SAS since its formation in 2002, and he was continuously involved in energy finance since 1982. After 13 years of experience in commercial and investment banking with the Barclays Group in New York and Paris, notably in the energy sector, Mr. Noonan joined Socit Gnrale in 1995, where he was Managing Director, Global Head of Oil and Gas Project Finance. Following studies at Swarthmore College, Mr. Noonan received an advanced degree in economics and finance from the Institut dEtudes Politiques and the University of Grenoble since 2011.
Age 57
Tenure 13 years
Address 20475 State Highway 249, Houston, TX, United States, 77070
Phone281 598 1230
Webhttps://www.icdrilling.com
Noonan presently serves on the board of directors of Finoil SpA, GESGlobal Energy Services, Inc., Lampogas SpA, Dulevo International SpA, Aladdin Middle East Ltd., and ORS International Ltd. and certain subsidiaries of the aforementioned. He also serves as Chairman of 4D Global Energy Investments plc, 4D Global Energy Development Capital Fund plc, and 4D Global Energy Development Capital Fund II plc.

Independence Contract Management Efficiency

The company has Return on Asset of 0.017 % which means that on every $100 spent on assets, it made $0.017 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.1903) %, meaning that it generated no profit with money invested by stockholders. Independence Contract's management efficiency ratios could be used to measure how well Independence Contract manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Capital Employed is expected to grow to 0.03, whereas Return On Tangible Assets are forecasted to decline to (0.08). At present, Independence Contract's Total Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 1.2 M, whereas Non Current Assets Total are forecasted to decline to about 359.9 M.
The company has 158.08 M in debt with debt to equity (D/E) ratio of 0.59, which is OK given its current industry classification. Independence Contract has a current ratio of 1.02, demonstrating that it may not be capable to disburse its financial commitments when the payables are due. Debt can assist Independence Contract until it has trouble settling it off, either with new capital or with free cash flow. So, Independence Contract's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Independence Contract sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Independence to invest in growth at high rates of return. When we think about Independence Contract's use of debt, we should always consider it together with cash and equity.

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Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas. Independence Contract operates under Oil Gas Drilling classification in the United States and is traded on New York Stock Exchange. It employs 500 people. Independence Contract Drilling (ICD) is traded on New York Stock Exchange in USA. It is located in 20475 State Highway 249, Houston, TX, United States, 77070 and employs 450 people. Independence Contract is listed under Energy Equipment & Services category by Fama And French industry classification.

Management Performance

Independence Contract Leadership Team

Elected by the shareholders, the Independence Contract's board of directors comprises two types of representatives: Independence Contract inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Independence. The board's role is to monitor Independence Contract's management team and ensure that shareholders' interests are well served. Independence Contract's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Independence Contract's outside directors are responsible for providing unbiased perspectives on the board's policies.
Aaron Mueller, Vice President - Health, Safety and Environmental
Philip Dalrymple, Senior Vice President - Operations
Edward Jacob, COO, Executive Vice President
Tighe Noonan, Director
Katherine Kokenes, Chief Accounting Officer, Vice President
Philip Choyce, Chief Financial Officer, Executive Vice President
Scott Thompson, Sr. VP of HR and Admin.
Matthew Fitzgerald, Independent Director
Anthony Gallegos, CEO, Director
David Brown, Senior Vice President - Construction and Engineering
Christopher Gleysteen, Director
Michael Harwell, Chief Accounting Officer, Vice President - Finance
Scott Keller, Senior Vice President - Business Development
James Crandell, Independent Director
John Gallegos, CEO President
Travis Fitts, Senior Vice President - HR & HS&E
Adam Piekarski, Director
James Minmier, Independent Director
Marc Noel, Vice President of Sales and Marketing
Christopher Menefee, Senior Vice President - Business Development
Stacy Nieuwoudt, Independent Director
Byron Dunn, CEO and Director
Arthur Einav, Director
Vincent Cebula, Director
Thomas Bates, Independent Chairman of the Board
J Gallegos, President, Chief Executive Officer, Director
J Thompson, Senior Vice President - Human Resources and Administration
Daniel McNease, Independent Chairman of the Board

Independence Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Independence Contract a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Independence Contract is a strong investment it is important to analyze Independence Contract's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Independence Contract's future performance. For an informed investment choice regarding Independence Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Contract Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the Independence Contract information on this page should be used as a complementary analysis to other Independence Contract's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running Independence Contract's price analysis, check to measure Independence Contract's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independence Contract is operating at the current time. Most of Independence Contract's value examination focuses on studying past and present price action to predict the probability of Independence Contract's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Contract's price. Additionally, you may evaluate how the addition of Independence Contract to your portfolios can decrease your overall portfolio volatility.
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Is Independence Contract's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independence Contract. If investors know Independence will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independence Contract listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.69)
Revenue Per Share
14.995
Quarterly Revenue Growth
(0.24)
Return On Assets
0.017
Return On Equity
(0.19)
The market value of Independence Contract is measured differently than its book value, which is the value of Independence that is recorded on the company's balance sheet. Investors also form their own opinion of Independence Contract's value that differs from its market value or its book value, called intrinsic value, which is Independence Contract's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independence Contract's market value can be influenced by many factors that don't directly affect Independence Contract's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Independence Contract's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independence Contract is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independence Contract's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.