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Independence Contract Drilling, Inc. (ICD)

2.99   0.02 (0.67%) 03-24 16:00
Open: 2.93 Pre. Close: 2.97
High: 2.99 Low: 2.88
Volume: 86,148 Market Cap: 42(M)

Technical analysis

as of: 2023-03-24 4:26:57 PM
Stoxline posted a SELL today, same as yesterday. Downward movement continues.
Target: Six months: 4.66     One year: 5.46
Support: Support1: 2.88    Support2: 2.39
Resistance: Resistance1: 3.99    Resistance2: 4.67
Pivot: 3.33
Moving Average: MA(5): 3.02     MA(20): 3.5
MA(100): 3.74     MA(250): 3.6
MACD: MACD(12,26): -0.3     Signal(9): -0.3
Stochastic oscillator: %K(14,3): 6.4     %D(3): 7.4
RSI: RSI(14): 33.2
52-week: High: 5.34  Low: 2.76
Average Vol(K): 3-Month: 181 (K)  10-Days: 168 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ ICD ] has closed above bottom band by 29.0%. Bollinger Bands are 24.5% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 2.99 - 3.01 3.01 - 3.02
Low: 2.85 - 2.86 2.86 - 2.88
Close: 2.97 - 2.99 2.99 - 3.01

Company Description

Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. The company constructs, owns, and operates a fleet of pad-optimal ShaleDriller rigs in the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale. Its fleet consists of 24 rigs. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.

Headline News

Mon, 06 Mar 2023
Stonegate Capital Partners Updates Coverage on Independence Contract Drilling, Inc (ICD) Q4 2022 - Indepe - Benzinga

Thu, 02 Mar 2023
Independent Contract Drilling: Q4 Earnings Snapshot - Chron

Thu, 02 Mar 2023
Independence Contract Drilling, Inc. Reports Financial Results for ... - PR Newswire

Fri, 03 Feb 2023
Independence Contract Drilling: Repricing And Profit Growth ... - Seeking Alpha

Thu, 12 Jan 2023
Independence Contract Drilling, Inc. (NYSE:ICD) About To Shift ... - Yahoo Finance

Thu, 10 Nov 2022
Don't Ignore The Fact That This Insider Just Sold Some Shares In Independence Contract Drilling, Inc. (NYSE:ICD) - Simply Wall St

Financial Analysis

Price to Book Value: Neutral
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Energy
Industry:  Oil & Gas Drilling
Shares Out. 14 (M)
Shares Float 11 (M)
% Held by Insiders 5.4 (%)
% Held by Institutions 40.1 (%)
Shares Short 525 (K)
Shares Short P.Month 564 (K)

Stock Financials

EPS -3.76
EPS Est Next Qtl -0.11
EPS Est This Year -0.52
EPS Est Next Year -0.13
Book Value (p.s.) 15.78
Profit Margin (%) -35
Operating Margin (%) -1.1
Return on Assets (ttm) -0.3
Return on Equity (ttm) -31.9
Qtrly Rev. Growth 111
Gross Profit (p.s.) 4.64
Sales Per Share 13.68
EBITDA (p.s.) 2.82
Qtrly Earnings Growth 0
Operating Cash Flow 29 (M)
Levered Free Cash Flow -13 (M)

Stock Valuations

PE Ratio -0.8
PEG Ratio -2.1
Price to Book value 0.18
Price to Sales 0.21
Price to Cash Flow 1.42

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date 2020-03-11
Ex-Dividend Date Invalid DateTime.
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