Independence Contract Drilling (ICD)
(Delayed Data from NYSE)
$1.91 USD
-0.03 (-1.55%)
Updated Apr 26, 2024 10:08 AM ET
4-Sell of 5 4
A Value B Growth D Momentum B VGM
Fundamental Charts
About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
ICD 1.91 -0.03(-1.55%)
Will ICD be a Portfolio Killer in April?
Zacks Investment Research is releasing its prediction for ICD based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for ICD
Independent Contract Drilling (ICD) Reports Q4 Loss, Tops Revenue Estimates
Nabors Industries (NBR) Reports Q4 Loss, Lags Revenue Estimates
ICD: What are Zacks experts saying now?
Zacks Private Portfolio Services
Independent Contract Drilling (ICD) Reports Q2 Loss, Misses Revenue Estimates
Transocean (RIG) Reports Q2 Loss, Tops Revenue Estimates
Helmerich & Payne (HP) Surpasses Q3 Earnings and Revenue Estimates
Other News for ICD
Independence Contract Drilling, Inc. Announces Timing of First Quarter 2024 Financial Results and Conference Call
AMTX, NRT among major energy gainers; CEIX major loser
EGY, CRT among major energy gainers; DTI, BORR among major losers
INDEPENDENCE CONTRACT DRILLING, INC. ENGAGES PIPER SANDLER & CO. AS FINANCIAL ADVISOR TO STRATEGIC ALTERNATIVES COMMITTEE
Independence Contract Drilling engages Piper Sandler for strategic alternatives