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 that are engineered and designed to accelerate its clients' production profiles and cash flows from their technically demanding and economically impactful oil and gas properties in the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale. Its fleet consists of 29 rigs. The company was founded in 2011 and is headquartered in Houston, Texas.
IPO Year: 2014
Exchange: NYSE
Website: icdrilling.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/22/2022 | $7.00 | Hold → Buy | Johnson Rice |
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Johnson Rice upgraded Independence Contract Drilling from Hold to Buy and set a new price target of $7.00
8-K - Independence Contract Drilling, Inc. (0001537028) (Filer)
8-K - Independence Contract Drilling, Inc. (0001537028) (Filer)
25-NSE - Independence Contract Drilling, Inc. (0001537028) (Subject)
10-Q - Independence Contract Drilling, Inc. (0001537028) (Filer)
8-K - Independence Contract Drilling, Inc. (0001537028) (Filer)
8-K - Independence Contract Drilling, Inc. (0001537028) (Filer)
10-Q - Independence Contract Drilling, Inc. (0001537028) (Filer)
8-K - Independence Contract Drilling, Inc. (0001537028) (Filer)
DEF 14A - Independence Contract Drilling, Inc. (0001537028) (Filer)
10-K - Independence Contract Drilling, Inc. (0001537028) (Filer)
4 - Independence Contract Drilling, Inc. (0001537028) (Issuer)
4 - Independence Contract Drilling, Inc. (0001537028) (Issuer)
4 - Independence Contract Drilling, Inc. (0001537028) (Issuer)
4/A - Independence Contract Drilling, Inc. (0001537028) (Issuer)
4/A - Independence Contract Drilling, Inc. (0001537028) (Issuer)
4/A - Independence Contract Drilling, Inc. (0001537028) (Issuer)
4 - Independence Contract Drilling, Inc. (0001537028) (Issuer)
4 - Independence Contract Drilling, Inc. (0001537028) (Issuer)
4 - Independence Contract Drilling, Inc. (0001537028) (Issuer)
4 - Independence Contract Drilling, Inc. (0001537028) (Issuer)
HOUSTON, Aug. 7, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today reported financial results for the three months ended June 30, 2024. Second quarter 2024 Highlights Net loss of $16.7 million, or $1.15 per shareAdjusted net loss, as defined below, of $10.6 million, or $0.73 per shareAdjusted EBITDA, as defined below, of $8.5 million, representing a 28% sequential decreaseAdjusted net debt, as defined below, of $196.7 million, representing a 3% sequential increase14.5 average rigs working during the quarter, representing a 4% sequential decreaseFully burdened margin per day of $9,675, representing a 18% sequential decreaseIn the second quarte
HOUSTON, May 1, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today reported financial results for the three months ended March 31, 2024. First quarter 2024 Highlights Net loss of $9.0 million, or $0.62 per shareAdjusted net loss, as defined below, of $7.3 million, or $0.50 per shareAdjusted EBITDA, as defined below, of $11.8 millionAdjusted net debt, as defined below, of $190.3 million15.1 average rigs working during the quarterFully burdened margin per day of $11,829In the first quarter of 2024, the Company reported revenues of $46.6 million, net loss of $9.0 million, or $0.62 per share, adjusted net loss (defined below) of $7.3 million, or $
HOUSTON, April 23, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE:ICD) today announced that it will release its first quarter 2024 results before the New York Stock Exchange opens on Wednesday, May 1, 2024. This release will be followed by a conference call for investors at 11:00 a.m. Central Time (12:00 p.m. Eastern Time) to discuss the Company's first quarter 2024 results. The call can be accessed live over the telephone by dialing (855) 239-3115 or for international callers, (412) 542-4125. A replay will be available shortly after the call and can be accessed by dialing (877) 344-7529 or for international callers, (412) 317-0088. The passcode for the rep
HOUSTON, Feb. 28, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today reported financial results for the three and twelve months ended December 31, 2023. Fourth quarter 2023 Highlights Net loss of $26.0 million, or $1.84 per shareAdjusted net loss, as defined below, of $8.6 million, or $0.61 per shareAdjusted EBITDA, as defined below, of $9.9 million, including $2.1 million of costs associated with rig reactivations and transitionsAdjusted net debt, as defined below, of $179.1 million14.9 average rigs working during the quarterFully burdened margin per day of $12,313In the fourth quarter of 2023, the Company reported revenues of $45.8 million,
HOUSTON, Feb. 20, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its fourth quarter and year end 2023 results before the New York Stock Exchange opens on Wednesday, February 28, 2024. This release will be followed by a conference call for investors at 11:00 a.m. Central Time (12:00 p.m. Eastern Time) to discuss the Company's fourth quarter and year end 2023 results. The call can be accessed live over the telephone by dialing (855) 239-3115 or for international callers, (412) 542-4125. A replay will be available shortly after the call and can be accessed by dialing (877) 344-7529 or for international callers, (412) 3
HOUSTON, Aug. 3, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today reported financial results for the three months ended June 30, 2023. Second quarter 2023 Highlights Net loss, as defined below, of $4.2 million, or $0.30 per shareAdjusted net loss, as defined below, of $1.0 million, or $0.07 per shareAdjusted EBITDA, as defined below, of $18.7 millionAdjusted net debt, as defined below, of $191.2 million15.0 average rigs working during the quarter, excluding two average rigs earning revenue on an early termination basisFully burdened margin per day of $15,462In the second quarter of 2023, the Company reported revenues of $56.4 million, net lo
HOUSTON, July 24, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE:ICD) today announced that it will release its second quarter 2023 results before the New York Stock Exchange opens on Thursday, August 3, 2023. This release will be followed by a conference call for investors at 11:00 a.m. Central Time (12:00 p.m. Eastern Time) to discuss the Company's second quarter 2023 results. The call can be accessed live over the telephone by dialing (855) 239-3115 or for international callers, (412) 542-4125. A replay will be available shortly after the call and can be accessed by dialing (877) 344-7529 or for international callers, (412) 317-0088. The passcode for the
HOUSTON, May 9, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today reported financial results for the three months ended March 31, 2023. First quarter 2023 Highlights Net income, as defined below, of $12.0 thousand, or $0.00 per diluted share.Adjusted net income, as defined below, of $2.4 million, or $0.14 per diluted share.Adjusted EBITDA, as defined below, of $21.4 million, representing an approximate 16% sequential improvement from the fourth quarter of 2022.Adjusted net debt, as defined below, of $193.9 million.19.4 average rigs working during the quarter.Fully burdened margin per day of $15,665 representing an approximate 8% sequential im
HOUSTON, April 24, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE:ICD) today announced that it will release its first quarter 2023 results before the New York Stock Exchange opens on Tuesday, May 9, 2023. This release will be followed by a conference call for investors at 11:00 a.m. Central Time (12:00 p.m. Eastern Time) to discuss the Company's first quarter 2023 results. The call can be accessed live over the telephone by dialing (855) 239-3115 or for international callers, (412) 542-4125. A replay will be available shortly after the call and can be accessed by dialing (877) 344-7529 or for international callers, (412) 317-0088. The passcode for the repla
HOUSTON, March 2, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today reported financial results for the three and twelve months ended December 31, 2022. Fourth quarter 2022 Highlights Net income, as defined below, of $3.5 million, or $0.20 per diluted share.Adjusted net loss, as defined below, of $0.1 million, or $0.01 per share.Adjusted EBITDA, as defined below, of $18.5 million, representing an approximate 48% sequential improvement from the third quarter of 2022.Adjusted net debt, as defined below, of $182.5 million.18.5 average rigs working during the quarter.Fully burdened margin per day of $14,517 representing an approximate 28% sequenti
HOUSTON, April 17, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today announced that Daniel F. McNease has retired from the Company's Board of Directors, effectively immediately, for personal reasons. Mr. McNease served on the Company's Board of Directors since 2012 and served as Chairman of the Board since 2019. The Board has selected James G. Minmier to replace Mr. McNease as Chairman of the Board. Mr. Minmier has served as director of the Company since 2018. The Board has elected Brian D. Berman to the Board of Directors to fill the vacancy created by Mr. McNease's departure. J. Anthony Gallegos, Jr., President and Chief Executive Offic
HOUSTON, Jan. 19, 2021 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today announced the appointment of Stacy Durbin Nieuwoudt to the Company's Board of Directors. Ms. Nieuwoudt will serve as a member of the Company's Audit, Compensation, and Nominating and Governance Committees as an independent director. In connection with her appointment, the Company's Board of Directors has increased the size of the Company's Board of Directors from five to six members. "We are pleased to welcome Stacy to the ICD Board," said Anthony Gallegos, president and chief executive officer of ICD. "Stacy's deep investment experience in energy and industrial compani
HOUSTON, Aug. 28, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") announced today the expected move of trading of the Company's Common Stock to the OTCQX Best Market from the New York Stock Exchange ("NYSE"). The Common Stock is expected to begin trading on the OTCQX Best Market under ticker symbol "ICDI" upon the opening of trading on August 29, 2024. The move from the NYSE is precipitated from the Company's average market capitalization, or total trading value, falling below the $15 million threshold over a 30 trading-day period that is required to remain in compliance with the NYSE's listing standards. Existing stockholders will find the Company's comm
HOUSTON, Aug. 7, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today reported financial results for the three months ended June 30, 2024. Second quarter 2024 Highlights Net loss of $16.7 million, or $1.15 per shareAdjusted net loss, as defined below, of $10.6 million, or $0.73 per shareAdjusted EBITDA, as defined below, of $8.5 million, representing a 28% sequential decreaseAdjusted net debt, as defined below, of $196.7 million, representing a 3% sequential increase14.5 average rigs working during the quarter, representing a 4% sequential decreaseFully burdened margin per day of $9,675, representing a 18% sequential decreaseIn the second quarte
HOUSTON, May 1, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today reported financial results for the three months ended March 31, 2024. First quarter 2024 Highlights Net loss of $9.0 million, or $0.62 per shareAdjusted net loss, as defined below, of $7.3 million, or $0.50 per shareAdjusted EBITDA, as defined below, of $11.8 millionAdjusted net debt, as defined below, of $190.3 million15.1 average rigs working during the quarterFully burdened margin per day of $11,829In the first quarter of 2024, the Company reported revenues of $46.6 million, net loss of $9.0 million, or $0.62 per share, adjusted net loss (defined below) of $7.3 million, or $
HOUSTON, April 23, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE:ICD) today announced that it will release its first quarter 2024 results before the New York Stock Exchange opens on Wednesday, May 1, 2024. This release will be followed by a conference call for investors at 11:00 a.m. Central Time (12:00 p.m. Eastern Time) to discuss the Company's first quarter 2024 results. The call can be accessed live over the telephone by dialing (855) 239-3115 or for international callers, (412) 542-4125. A replay will be available shortly after the call and can be accessed by dialing (877) 344-7529 or for international callers, (412) 317-0088. The passcode for the rep
HOUSTON, March 21, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) previously disclosed that ICD's Board of Directors ("Board") has initiated a formal review process to begin evaluating alternatives with respect to refinancing its convertible notes and other strategic opportunities and formed a committee of independent directors for that purpose. Today, ICD is announcing that the Strategic Alternatives Committee of the Board has engaged Piper Sandler & Co. as financial advisor to the committee to assist in this evaluation process. There can be no assurance that this process or evaluation will result in one or more transactions or any particular
HOUSTON, Feb. 28, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) today reported financial results for the three and twelve months ended December 31, 2023. Fourth quarter 2023 Highlights Net loss of $26.0 million, or $1.84 per shareAdjusted net loss, as defined below, of $8.6 million, or $0.61 per shareAdjusted EBITDA, as defined below, of $9.9 million, including $2.1 million of costs associated with rig reactivations and transitionsAdjusted net debt, as defined below, of $179.1 million14.9 average rigs working during the quarterFully burdened margin per day of $12,313In the fourth quarter of 2023, the Company reported revenues of $45.8 million,
HOUSTON, Feb. 20, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its fourth quarter and year end 2023 results before the New York Stock Exchange opens on Wednesday, February 28, 2024. This release will be followed by a conference call for investors at 11:00 a.m. Central Time (12:00 p.m. Eastern Time) to discuss the Company's fourth quarter and year end 2023 results. The call can be accessed live over the telephone by dialing (855) 239-3115 or for international callers, (412) 542-4125. A replay will be available shortly after the call and can be accessed by dialing (877) 344-7529 or for international callers, (412) 3
MIAMI, Nov. 01, 2023 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 64th Emerging Growth Conference on November 1st and 2nd, 2023. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Register for the conference here. Submit Questions for any of the presenting companies to: [email protected] For updates, follow us on Twitter Day 1November 1, 2023 8:45Virtual Lobby opens.Register for the Conference. If you already
MIAMI, Oct. 31, 2023 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 64th Emerging Growth Conference on November 1st and 2nd, 2023. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Register for the conference here. Submit Questions for any of the presenting companies to: [email protected] For updates, follow us on Twitter Day 1November 1, 2023 8:45Virtual Lobby opens.Register for the Conference. If you already registered, go back to t
NEW YORK, NY / ACCESSWIRE / August 15, 2023 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day August Micro-Cap Conference taking place Wednesday and Thursday, August 16-17, 2023. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links.Presentation Schedule*All Times ESTWednesday, August 16, 2023 (Day 1)8:30-9:00Ohmyhome Ltd. (OMH)Hookipa Pharma Inc. (HOOK)*****9:15-9:45Loop Industries (LOOP)Zomedica Inc (ZOM)LEE Enterprises, Inc. (LEE)10:00-10:30Mativ Holdings, Inc. (MATV)DLH Holdings (DLHC)T2 Biosystems, Inc. (TTOO)10:45-11:15Near Intellige
Independence Contract's (NYSE:ICD) short percent of float has fallen 3.79% since its last report. The company recently reported that it has 537 thousand shares sold short, which is 4.31% of all regular shares that are available for trading. Based on its trading volume, it would take traders 18.89 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short
Independence Contract (NYSE:ICD) reported quarterly losses of $(0.50) per share which missed the analyst consensus estimate of $(0.48) by 4.17 percent. This is a 457.14 percent decrease over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $46.636 million which beat the analyst consensus estimate of $41.636 million by 12.01 percent. This is a 26.85 percent decrease over sales of $63.756 million the same period last year.
Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE:ICD) previously disclosed that ICD's Board of Directors ("Board") has initiated a formal review process to begin evaluating alternatives with respect to refinancing its convertible notes and other strategic opportunities and formed a committee of independent directors for that purpose. Today, ICD is announcing that the Strategic Alternatives Committee of the Board has engaged Piper Sandler & Co. as financial advisor to the committee to assist in this evaluation process.There can be no assurance that this process or evaluation will result in one or more transactions or any particular transaction or strategic outcome. The Co
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Independence Contract (NYSE:ICD) is set to give its latest quarterly earnings report on Wednesday, 2024-02-28. Here's what investors need to know before the announcement. Analysts estimate that Independence Contract will report an earnings per share (EPS) of $-0.28. Independence Contract bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.07, which was followe
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Independence Contract (NYSE:ICD) reported quarterly adjusted losses of $(0.37) per share which missed the analyst consensus estimate of $(0.30) by 23.33 percent. This is a 5.71 percent decrease over losses of $(0.35) per share from the same period last year. The company reported quarterly sales of $44.16 million which missed the analyst consensus estimate of $45.11 million by 2.10 percent. This is a 10.14 percent decrease over sales of $49.15 million the same period last year.
Independence Contract (NYSE:ICD) is set to give its latest quarterly earnings report on Wednesday, 2023-11-01. Here's what investors need to know before the announcement. Analysts estimate that Independence Contract will report an earnings per share (EPS) of $-0.30. Independence Contract bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.19, which was followed
Independence Contract (NYSE:ICD) reported quarterly losses of $(0.07) per share which beat the analyst consensus estimate of $(0.26) by 73.08 percent. This is a 90.28 percent increase over losses of $(0.72) per share from the same period last year. The company reported quarterly sales of $56.36 million which missed the analyst consensus estimate of $57.60 million by 2.16 percent. This is a 33.19 percent increase over sales of $42.31 million the same period last year.
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