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Independence Contract Drilling Inc (ICD)

2.5   -0.06 (-2.34%) 10-24 21:32
Open: 2.58 Pre. Close: 2.56
High: 2.7067 Low: 2.5
Volume: 80,424 Market Cap: 13M
Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers targeting unconventional resource plays in the United States. The Company constructs, owns and operates a fleet consisting of ShaleDriller rigs that are specifically engineered and designed to optimize the development of its customers' oil and gas properties. Its rigs operate in the Permian Basin and the Haynesville Shale. As of December 31, 2016, the Company standardized fleet consisted of 14 ShaleDriller rigs, of which 13 were 200 series rigs equipped with its integrated omni-directional walking system that is specifically designed to optimize pad drilling for its customers. Every ShaleDriller rig in its fleet is a 1500-horsepower (hp), alternating current (AC) programmable rig (AC rig) designed to be fast-moving between drilling sites and is equipped with top drives, automated tubular handling systems and blowout preventer (BOP) handling systems.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 2.718 - 2.733 2.733 - 2.745
Low: 2.466 - 2.486 2.486 - 2.502
Close: 2.471 - 2.5 2.5 - 2.524

Technical analysis

as of: 2020-10-23 4:45:08 PM
Overall:       
Stoxline posted a NEUTRAL today, same as yesterday. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 3.86     One year: 4.61
Support: Support1: 2.27    Support2: 1.89
Resistance: Resistance1: 3.31    Resistance2: 3.95
Pivot: 2.57
Moving Average: MA(5): 2.49     MA(20): 2.55
MA(100): 3.31     MA(250): 8.13
MACD: MACD(12,26): -0.03     Signal(9): -0.03
Stochastic oscillator: %K(14,3): 11.93     %D(3): 11.54
RSI: RSI(14): 46.58
52-week: High: 24.20  Low: 1.08  Change(%): -85.6
Average Vol(K): 3-Month: 50624  10-Days: 24486

Price, moving averages and Bollinger Bands

Price and moving averages has closed below its Short term moving average. Short term moving average is currently below mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BEARISH in short-term; and BEARISH in mid-long term.
ICD has closed above bottom band by 36.5%. Bollinger Bands are 61.9% narrower than normal. The narrow width of the bands suggests low volatility as compared to ICD's normal range. The bands have been in this narrow range for 82 bars. This is a sign that the market may be about to initiate a new trend.

Headline News

Sun, 18 Oct 2020
RBC Capital Remains a Hold on Independence Contract Drilling (ICD) - Smarter Analyst

Tue, 13 Oct 2020
Independence Contract Drilling, Inc. Announces Timing of Third Quarter 2020 Financial Results and Conference Call - Stockhouse

Mon, 12 Oct 2020
Should You Buy Independence Contract Drilling Inc (ICD) Stock? - InvestorsObserver

Mon, 12 Oct 2020
Independence Contract Drilling Inc. (NYSE:ICD) Recent Earnings Shows Major Promise - The Oracle Dispatch

Mon, 12 Oct 2020
Why Has Independence Contract Drilling, Inc. (NYSE:ICD) Escalated So Much? - Stocks Register

Mon, 12 Oct 2020
Independence Contract Drilling Inc. [ICD] fell -85.40% so far this year. What now? - The DBT News

Financial Analysis

Growth
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Neutral Discounted cash flow: Outperform
Return on Assets: Neutral Price to Earnings: Underperform
Return on Equity: Neutral Debt to Equity: Outperform
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Energy
Industry:  Oil & Gas Drilling
Shares Out. (M) 5
Shares Float (M) 4
% Held by Insiders 7.85
% Held by Institutions 74.00
Shares Short (K) 124
Shares Short P. Month (K) 104

Stock Financials

EPS -22.038
EPS Est This Year -0.520
EPS Est Next Year -0.130
Book Value (p.s.) 60.600
Profit Margin -55.84
Operating Margin -15.49
Return on Assets (ttm) -2.8
Return on Equity (ttm) -24.8
Qtrly Rev. Growth -59.6
Gross Profit (p.s.) 11.330
Sales Per Share 29.004
EBITDA (p.s.) 4.245
Qtrly Earnings Growth
Operating Cash Flow (M) 17
Levered Free Cash Flow (M) -1

Stock Valuations

PE Ratio -0.11
PEG Ratio
Price to Book value 0.04
Price to Sales 0.09
Price to Cash Flow 0.76

Stock Dividends

Dividend
Forward Dividend
Dividend Yield
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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