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Independence Contract Drilling, Inc.

  • Market Cap: Micro Cap
  • Industry: Contract Drilling
  • ISIN: US4534156066
USD
0.03
0 (5.36%)

Jan 17

NYS

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  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

0.020.04

52 Week

0.010.34
Valuation
Technical
Day's Volume

CASH

451.89 k

Shareholding (Sep 2024)

FII

3.81%

Held by 12 FIIs

DII

91.19%

Held by 6 DIIs

Promoter

0.00%

How big is Independence Contract Drilling, Inc.?

22-Jun-2025

As of Jan 17, Independence Contract Drilling, Inc. has a market capitalization of 0.42 million, with net sales of 173.79 million and a consolidated net profit loss of -70.15 million over the latest four quarters. Shareholder's funds are reported at 181.58 million, and total assets amount to 511.24 million.

As of Jan 17, Independence Contract Drilling, Inc. has a market capitalization of 0.42 million, categorizing it as a Micro Cap company.<BR><BR>As of Jan 17, the company reported a sum of Net Sales for the latest four quarters amounting to 173.79 million. However, it also recorded a sum of Consolidated Net Profit for the same period of -70.15 million, indicating a loss.<BR><BR>As of Dec 23, the reporting period for the balance sheet shows Shareholder's Funds at 181.58 million and Total Assets at 511.24 million.

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What does Independence Contract Drilling, Inc. do?

22-Jun-2025

Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers. As of September 2024, it reported net sales of $38 million and a net loss of $18 million, with a market cap of $0.42 million.

Overview: <BR>Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers, operating within the contract drilling industry and classified as a micro-cap company.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 38 Million (Quarterly Results - Sep 2024) <BR>Most recent Net Profit: -18 Million (Quarterly Results - Sep 2024) <BR>Market-cap: USD 0.42 Million (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: NA (Loss Making) <BR>Industry P/E: NA <BR>Dividend Yield: 0.00% <BR>Debt Equity: 1.26 <BR>Return on Equity: -36.55% <BR>Price to Book: 0.00<BR><BR>Contact Details: <BR>Address: 20475 State Highway 249 Ste 300, HOUSTON TX : 77070-2755 <BR>Tel: 1 281 5981230 <BR>Fax: 1 302 6555049 <BR>Website: https://www.icdrilling.com/

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Who are in the management team of Independence Contract Drilling, Inc.?

22-Jun-2025

As of March 2022, the management team of Independence Contract Drilling, Inc. includes J. Anthony Gallegos (President, CEO, Director), Adam Piekarski (Director), and independent directors Matthew Fitzgerald, Daniel McNease, James Minmier, and Stacy Nieuwoudt. This team provides executive leadership and governance for the company.

As of March 2022, the management team of Independence Contract Drilling, Inc. includes the following individuals:<BR><BR>- Mr. J. Anthony Gallegos, who serves as the President, Chief Executive Officer, and Director.<BR>- Mr. Adam Piekarski, who is a Director.<BR>- Mr. Matthew Fitzgerald, who is an Independent Director.<BR>- Mr. Daniel McNease, who is also an Independent Director.<BR>- Mr. James Minmier, another Independent Director.<BR>- Ms. Stacy Nieuwoudt, who is an Independent Director.<BR><BR>This team comprises a mix of executive leadership and independent directors, contributing to the governance and strategic direction of the company.

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Unrated Stock - No Analysis Available
stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Contract Drilling

stock-summary
Market cap

USD 0 Million (Micro Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

1.26

stock-summary
Return on Equity

-36.55%

stock-summary
Price to Book

0.00

Revenue and Profits:
Net Sales:
38 Million
(Quarterly Results - Sep 2024)
Net Profit:
-18 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-72.5%
0%
-72.5%
6 Months
-98.04%
0%
-98.04%
1 Year
-98.66%
0%
-98.66%
2 Years
-99.44%
0%
-99.44%
3 Years
-99.35%
0%
-99.35%
4 Years
-99.32%
0%
-99.32%
5 Years
-99.83%
0%
-99.83%

Independence Contract Drilling, Inc. for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryNews & Corporate Actions
News
Icon
No Recent News for the Company
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
Icon
No corporate action available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
-4.70%
EBIT Growth (5y)
-212.07%
EBIT to Interest (avg)
-1.15
Debt to EBITDA (avg)
5.66
Net Debt to Equity (avg)
1.26
Sales to Capital Employed (avg)
0.54
Tax Ratio
4.18%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
38.42%
ROCE (avg)
1.12%
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
0.00
EV to EBIT
-11.01
EV to EBITDA
5.46
EV to Capital Employed
0.56
EV to Sales
1.02
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-5.08%
ROE (Latest)
-36.55%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bullish
RSI
No Signal
Bullish
Bollinger Bands
Sideways
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bullish
No Trend
OBV
Mildly Bullish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 6 Schemes (5%)

Foreign Institutions

Held by 12 Foreign Institutions (3.81%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Sep'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Sep 2024 is -12.24% vs -7.08% in Jun 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Sep 2024 is -10.78% vs -85.56% in Jun 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Jun'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "38.00",
          "val2": "43.30",
          "chgp": "-12.24%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "4.70",
          "val2": "8.10",
          "chgp": "-41.98%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "10.30",
          "val2": "10.20",
          "chgp": "0.98%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "-4.30",
          "chgp": "100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-18.50",
          "val2": "-16.70",
          "chgp": "-10.78%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-217.10%",
          "val2": "-104.10%",
          "chgp": "-11.30%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'23",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2023 is 12.53% vs 112.16% in Dec 2022",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2023 is 42.27% vs 2.10% in Dec 2022",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'23",
        "Dec'22",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "210.10",
          "val2": "186.70",
          "chgp": "12.53%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "54.80",
          "val2": "38.50",
          "chgp": "42.34%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "36.00",
          "val2": "29.60",
          "chgp": "21.62%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-14.90",
          "val2": "-51.00",
          "chgp": "70.78%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-37.70",
          "val2": "-65.30",
          "chgp": "42.27%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "53.40%",
          "val2": "-10.40%",
          "chgp": "6.38%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Sep'24 - QoQstock-summary
Sep'24
Jun'24
Change(%)
Net Sales
38.00
43.30
-12.24%
Operating Profit (PBDIT) excl Other Income
4.70
8.10
-41.98%
Interest
10.30
10.20
0.98%
Exceptional Items
0.00
-4.30
100.00%
Consolidate Net Profit
-18.50
-16.70
-10.78%
Operating Profit Margin (Excl OI)
-217.10%
-104.10%
-11.30%
USD in Million.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Sep 2024 is -12.24% vs -7.08% in Jun 2024

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Sep 2024 is -10.78% vs -85.56% in Jun 2024

All Quarterly Resultsstock-summary
Annual Results Snapshot (Consolidated) - Dec'23stock-summary
Dec'23
Dec'22
Change(%)
Net Sales
210.10
186.70
12.53%
Operating Profit (PBDIT) excl Other Income
54.80
38.50
42.34%
Interest
36.00
29.60
21.62%
Exceptional Items
-14.90
-51.00
70.78%
Consolidate Net Profit
-37.70
-65.30
42.27%
Operating Profit Margin (Excl OI)
53.40%
-10.40%
6.38%
USD in Million.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Dec 2023 is 12.53% vs 112.16% in Dec 2022

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Dec 2023 is 42.27% vs 2.10% in Dec 2022

All Annual Resultsstock-summary
stock-summaryCompany CV
About Independence Contract Drilling, Inc. stock-summary
stock-summary
Independence Contract Drilling, Inc.
Contract Drilling
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.
Company Coordinates stock-summary
Company Details
20475 State Highway 249 Ste 300 , HOUSTON TX : 77070-2755
stock-summary
Tel: 1 281 59812301 281 5981230
stock-summary
https://www.icdrilling.com/
stock-summary
Registrar Details
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