Independence Stock Analysis

ICD -  USA Stock  

USD 3.58  0.21  6.23%

Independence Contract price dip over the last few months may raise some interest from shareholders. The stock closed today at a share price of 3.58 on 460,864 in trading volume. The company directors and management were not very successful in positioning the firm resources to exploit market volatility in December. However, diversifying your holdings with Independence Contract or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 5.07. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Independence Contract Drilling partners.
Please see Risk vs Return Analysis.

Independence Stock Analysis 

 
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The Independence Contract stock analysis report makes it easy to digest most publicly released information about Independence Contract and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Independence Stock analysis module also helps to analyze the Independence Contract price relationship with some important fundamental indicators such as market cap and management efficiency.

Independence Stock Analysis Notes

About 22.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.12. Some equities with similar Price to Book (P/B) outperform the market in the long run. Independence Contract recorded a loss per share of 11.87. The entity had not issued any dividends in recent years. The firm had 1-20 split on the 12th of March 2020. Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. The company was founded 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 300 people. To learn more about Independence Contract Drilling call Anthony Gallegos at 281 598-1230 or check out www.icdrilling.com.

Independence Contract Quarterly Cost of Revenue

20.12 MillionShare

Independence Contract Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Independence Contract's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Independence Contract Drilling or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Independence Contract generated a negative expected return over the last 90 days
Independence Contract has high historical volatility and very poor performance
Independence Contract has high likelihood to experience some financial distress in the next 2 years
The company has 143.19 M in debt with debt to equity (D/E) ratio of 0.65, which is OK given its current industry classification. Independence Contract has a current ratio of 0.75, suggesting that it has not enough short term capital to pay financial commitments when the payables are due.
The entity reported the last year's revenue of 72.71 M. Reported Net Loss for the year was (78.32 M) with profit before taxes, overhead, and interest of 18.05 M.
Independence Contract Drilling has about 4.3 M in cash with (14.51 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.45.
Roughly 22.0% of Independence Contract shares are held by company insiders
Latest headline from www.businesswire.com: Kolibri Global Energy Inc. Completes Drilling Barnes 7-3H Well - Business Wire

Independence Contract Upcoming and Recent Events

Earnings reports are used by Independence Contract to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Independence Contract previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report23rd of February 2022
Next Fiscal Quarter End31st of December 2021

Independence Contract SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Independence Contract prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Independence Contract investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Independence Contract specific information freely available to individual and institutional investors to make a timely investment decision.
25th of January 2022
Unclassified Corporate Event
View
20th of January 2022
Financial Statements and Exhibits. Other Events. Regulation FD Disclosure
View
5th of January 2022
Unclassified Corporate Event
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3rd of January 2022
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Entry into a Material Definitive Agreement
View
20th of December 2021
Unclassified Corporate Event
View
16th of December 2021
Financial Statements and Exhibits. Other Events
View
2nd of November 2021
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
27th of October 2021
Unclassified Corporate Event
View

Independence Contract Thematic Classifications

In addition to having Independence Contract stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Petroleum and Natural IdeaPetroleum and Natural
USA Equities from Petroleum and Natural industry as classified by Fama & French

Independence Market Capitalization

The company currently falls under 'Micro-Cap' category with total capitalization of 32.23 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 these looking for more risk prefer small-cap and mid-cap equities.

Independence Profitablity

Independence Contract's profitability indicators refer to fundamental financial ratios that showcase Independence Contract's ability to generate income relative to its revenue or operating costs. If, let's say, Independence Contract is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Independence Contract's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Independence Contract's profitability requires more research than a typical breakdown of Independence Contract's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of (107.72) %, which means that it does not effectively control expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of (63.82) %, which entails that for every $100 of revenue, it lost -0.64.
Last ReportedProjected for 2022
Return on Investment(21.72) (22.29) 
Return on Average Assets(0.19) (0.19) 
Return on Average Equity(0.31) (0.32) 
Return on Invested Capital(0.13) (0.13) 
Return on Sales(0.89) (0.91) 

Management Efficiency

The entity has Return on Asset of (6.84) % which means that on every $100 spent on asset, it lost $6.84. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (30.79) %, meaning that it generated no profit with money invested by stockholders. Independence Contract 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. As of January 29, 2022, Return on Investment is expected to decline to -22.29. In addition to that, Return on Average Equity is expected to decline to -0.32. Independence Contract Goodwill and Intangible Assets are projected to decrease significantly based on the last few years of reporting. The past year's Goodwill and Intangible Assets were at 1.46 Million. The current year Revenue to Assets is expected to grow to 0.21, whereas Assets Non Current are forecasted to decline to about 408.2 M.
Last ReportedProjected for 2022
Book Value per Share 45.31  46.50 
Enterprise Value over EBIT(2.30) (2.48) 
Enterprise Value over EBITDA(3.43) (3.71) 
Price to Book Value 0.07  0.07 
Tangible Assets Book Value per Share 75.79  77.78 
Enterprise Value167.8 M204.4 M
Tangible Asset Value475.2 M443.6 M

Technical Drivers

As of the 29th of January, Independence Contract retains the risk adjusted performance of (0.04898), and Market Risk Adjusted Performance of (0.11). Independence Contract technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down nineteen technical drivers for Independence Contract, which can be compared to its competitors. Please check out Independence Contract coefficient of variation, maximum drawdown, skewness, as well as the relationship between the information ratio and downside variance to decide if Independence Contract is priced fairly, providing market reflects its last-minute price of 3.58 per share. Given that Independence Contract Drilling has jensen alpha of (0.20), we strongly advise you to confirm Independence Contract's regular market performance to make sure the company can sustain itself at a future point.

Independence Contract Price Movement Analysis

The output start index for this execution was seven with a total number of output elements of fifty-four. The Mid-point Price over period is an average of Independence Contract highest and lowest prices attained during the given period. View also all equity analysis or get more info about midpoint price over period overlap studies indicator.

Independence Contract Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Independence Contract insiders, such as employees or executives, is commonly permitted as long as it does not rely on Independence Contract's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Independence Contract insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Monroe William few days ago via Macroaxis 
Purchase by Monroe William of 15000 shares of Independence Contract
Stacy Nieuwoudt over a week ago via Macroaxis 
Exercise or conversion by Stacy Nieuwoudt of 8130 shares of Independence Contract subject to Rule 16b-3
Monroe William over three weeks ago via Macroaxis 
Purchase by Monroe William of 20000 shares of Independence Contract
Philip Dalrymple over a month ago via Macroaxis 
Payment of 495 shares by Philip Dalrymple of Independence Contract subject to Rule 16b-3
Monroe William over a month ago via Macroaxis 
Purchase by Monroe William of 5000 shares of Independence Contract
Monroe William over three months ago via Macroaxis 
Purchase by Monroe William of 25000 shares of Independence Contract
Monroe William over three months ago via Macroaxis 
Purchase by Monroe William of 10000 shares of Independence Contract
James Minmier over three months ago via Macroaxis 
Exercise or conversion by James Minmier of 354 shares of Independence Contract subject to Rule 16b-3
J Gallegos over three months ago via Macroaxis 
Exercise or conversion by J Gallegos of 2972 shares of Independence Contract subject to Rule 16b-3
James Minmier over six months ago via Macroaxis 
Purchase by James Minmier of 4000 shares of Independence Contract
Msd Partners Lp over six months ago via Macroaxis 
Sale by Msd Partners Lp of 40400 shares of Independence Contract
Msd Partners Lp over six months ago via Macroaxis 
Sale by Msd Partners Lp of 16553 shares of Independence Contract

Independence Contract Technical and Predictive Indicators

Independence Contract Forecast Models

Independence Contract time-series forecasting models is one of many Independence Contract's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Independence Contract's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Independence Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Independence Contract stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Independence shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Independence Contract. By using and applying Independence Stock analysis, traders can create a robust methodology for identifying Independence entry and exit points for their positions.
Last ReportedProjected for 2022
Operating Margin(112.27) (115.22) 
EBITDA Margin(0.41) (0.42) 
Gross Margin 0.25  0.30 
Profit Margin(1.04) (1.07) 
Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. The company was founded 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 300 people.

Current Independence Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Independence analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Independence analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
3.0Hold1Odds
Independence Contract Drilling current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Independence analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Independence stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Independence Contract, talking to its executives and customers, or listening to Independence conference calls.
Independence Analyst Advice Details

Independence Stock Analysis Indicators

Independence Contract Drilling stock analysis indicators help investors evaluate how Independence Contract stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Independence Contract shares will generate the highest return on investment. By understating and applying Independence Contract stock analysis, traders can identify Independence Contract position entry and exit signals to maximize returns.
Quick Ratio0.65
Fifty Two Week Low2.4200
Revenue Growth135.10%
Shares Short Prior Month295.77k
Average Daily Volume Last 10 Day240.4k
Average Daily Volume In Three Month159.12k
Shares Percent Shares Out4.64%
Gross Margins11.87%
Short Percent Of Float4.69%
Forward Price Earnings-2.28
Float Shares7.56M
Fifty Two Week High7.9700
Enterprise Value To Ebitda-26.23
Fifty Day Average3.2156
Two Hundred Day Average3.5045
Enterprise Value To Revenue2.38
Please see Risk vs Return Analysis. 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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When running Independence Contract 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 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.
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 Independence Contract value 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.