Independence Contract Drilling Stock Today
| ICD Stock | USD 1.91 0.01 0.53% |
Performance0 of 100
| Odds Of DistressOver 61
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Independence Contract is trading at 1.91 as of the 19th of April 2024, a 0.53% increase since the beginning of the trading day. The stock's lowest day price was 1.83. Independence Contract has more than 61 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for Independence Contract Drilling are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Energy | IPO Date 8th of August 2014 |
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. The company has 15.27 M outstanding shares of which 559.47 K shares are currently shorted by investors with about 5.33 days to cover. More on Independence Contract Drilling
Moving against Independence Stock
| 0.69 | NS | NuStar Energy LP Financial Report 2nd of May 2024 | PairCorr |
| 0.62 | ET | Energy Transfer LP Financial Report 7th of May 2024 | PairCorr |
| 0.61 | AM | Antero Midstream Partners Earnings Call This Week | PairCorr |
| 0.6 | PTEN | Patterson UTI Energy Earnings Call This Week | PairCorr |
| 0.57 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.56 | SM | SM Energy Financial Report 25th of April 2024 | PairCorr |
| 0.49 | AR | Antero Resources Corp Earnings Call This Week | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
Independence Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Independence Contract's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Independence Contract or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO, Director | Anthony Gallegos | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Oil And Gas (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | InterCapital Property Development ADSITS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Energy Equipment & Services, Oil & Gas Drilling, Energy, NYSE Composite, Oil And Gas, Energy, Energy Equipment & Services, Oil & Gas Drilling, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Independence Contract report their recommendations after researching Independence Contract's financial statements, talking to executives and customers, or listening in on Independence Contract's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Independence Contract. The Independence consensus assessment is calculated by taking the average forecast from all of the analysts covering Independence Contract. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Independence Contract's liquidity, profitability, solvency, and operating efficiency, Independence Contract Drilling may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Independence Contract is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Independence Contract's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Independence Contract's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Independence Contract's financial leverage. It provides some insight into what part of Independence Contract's total assets is financed by creditors.
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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. The company currently falls under 'Micro-Cap' category with a total capitalization of 27.95 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Independence Contract's market, we take the total number of its shares issued and multiply it by Independence Contract's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Independence Contract runs under Energy Equipment & Services sector within Energy industry. The entity has 15.27 M outstanding shares of which 559.47 K shares are currently shorted by investors with about 5.33 days to cover.
Independence Contract Drilling has about 5.33 M in cash with 61.02 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.54.
Check Independence Contract Probability Of Bankruptcy
Ownership AllocationIndependence Contract Drilling has a total of 15.27 Million outstanding shares. 30% of Independence Contract outstanding shares are owned by outside corporations. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Independence Ownership Details
Independence Stock Price Odds Analysis
What are Independence Contract's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Independence Contract jumping above the current price in 90 days from now is about 50.0%. The Independence Contract Drilling probability density function shows the probability of Independence Contract stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Independence Contract Drilling has a beta of -0.2433. This usually indicates as returns on the benchmark increase, returns on holding Independence Contract are expected to decrease at a much lower rate. During a bear market, however, Independence Contract Drilling is likely to outperform the market. Additionally, independence Contract Drilling has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Independence Contract to move above the current price in 90 days from now is about 50.0 (This Independence Contract Drilling probability density function shows the probability of Independence Stock to fall within a particular range of prices over 90 days) .
Independence Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Independence Contract that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Independence Contract's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Independence Contract's value.| Instituion | Recorded On | Shares | |
| Blackrock Inc | 2023-09-30 | 65.9 K | |
| E & G Advisors Lp | 2023-12-31 | 54.6 K | |
| Susquehanna International Group, Llp | 2023-09-30 | 49.3 K | |
| Millennium Management Llc | 2023-09-30 | 34.5 K | |
| State Street Corporation | 2023-09-30 | 31.6 K | |
| Squarepoint Ops Llc | 2023-09-30 | 27 K | |
| Bank Of New York Mellon Corp | 2023-09-30 | 23.9 K | |
| Acadian Asset Management Llc | 2023-09-30 | 18.7 K | |
| Northern Trust Corp | 2023-09-30 | 17.3 K | |
| Msd Partners, L.p. | 2023-09-30 | 1.7 M | |
| Tejara Capital Ltd | 2023-09-30 | 439.9 K |
Independence Contract Historical Income Statement
Independence Contract Drilling Income Statement is one of the three primary financial statements used for reporting Independence's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Independence Contract revenue and expense. Independence Contract Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Independence Contract's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 11.8 M, whereas Selling General Administrative is forecasted to decline to about 17 M. View More FundamentalsIndependence Stock Against Markets
Picking the right benchmark for Independence Contract stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Independence Contract stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Independence Contract is critical whether you are bullish or bearish towards Independence Contract Drilling at a given time. Please also check how Independence Contract's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Independence Contract without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Independence Contract Corporate Directors
Independence Contract corporate directors refer to members of an Independence Contract board of directors. The board of directors generally takes responsibility for the Independence Contract's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Independence Contract's board members must vote for the resolution. The Independence Contract board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Tighe Noonan | Director | Profile | |
| Matthew Fitzgerald | Independent Director | Profile | |
| James Crandell | Independent Director | Profile | |
| Adam Piekarski | Director | Profile |
How to buy Independence Stock?
Before investing in Independence Contract, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Independence Contract. To buy Independence Contract stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Independence Contract. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Independence Contract stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Independence Contract Drilling stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Independence Contract Drilling stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Independence Contract Drilling, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Independence Stock please use our How to Invest in Independence Contract guide.
Already Invested in Independence Contract Drilling?
The danger of trading Independence Contract Drilling is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Independence Contract is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Independence Contract. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Independence Contract is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Independence Stock analysis
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.