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Independence Contract Drilling (ICD)

(Delayed Data from NYSE)

$1.86 USD

1.86
20,604

-0.08 (-4.12%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $1.86 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value B Growth C Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 38% (156 out of 252)

Industry: Oil and Gas - Drilling

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Balance Sheet

Research for ICD

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Independence Contract Drilling, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 6 5 4 12 5
Receivables 32 40 22 10 36
Notes Receivable 0 0 0 0 0
Inventories 2 2 1 1 2
Other Current Assets 5 5 5 4 13
Total Current Assets 44 52 32 27 57
Net Property & Equipment 348 376 362 382 458
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 0 0 0 0 0
Deposits & Other Assets 3 2 2 4 3
Total Assets 395 430 397 413 517
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 23 32 15 4 23
Current Portion Long-Term Debt 1 2 4 8 4
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 16 18 16 11 16
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 3 0 6
Total Current Liabilities 41 52 38 22 49
Mortgages 0 0 0 0 0
Deferred Taxes/Income 10 12 19 1 1
Convertible Debt 0 0 0 0 0
Long-Term Debt 155 143 142 138 135
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 8 7 3 6 1
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 213 215 202 166 185
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 1
Capital Surplus 622 618 533 518 505
Retained Earnings -437 -399 -334 -267 -170
Other Equity 0 0 0 0 0
Treasury Stock 4 4 4 4 4
Total Shareholder's Equity 182 215 195 247 332
Total Liabilities & Shareholder's Equity 395 430 397 413 517
Total Common Equity 182 215 195 247 332
Shares Outstanding 14.00 13.60 9.50 6.10 3.80
Book Value Per Share 12.97 15.79 20.55 40.50 87.26

Fiscal Year End for Independence Contract Drilling, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 6 6 6 7
Receivables NA 32 27 35 42
Notes Receivable NA 0 0 0 0
Inventories NA 2 2 2 2
Other Current Assets NA 5 2 3 4
Total Current Assets NA 44 37 44 54
Net Property & Equipment NA 348 366 372 379
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 0 0 0 0
Deposits & Other Assets NA 3 3 4 2
Total Assets NA 395 406 420 435
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 23 17 18 27
Current Portion Long-Term Debt NA 1 1 2 2
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 16 12 12 14
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 41 31 32 43
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 10 11 12 12
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 155 156 155 164
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 2 8 1
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 213 200 207 219
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 622 621 620 619
Retained Earnings NA -437 -411 -403 -399
Other Equity NA 0 0 0 0
Treasury Stock NA 4 4 4 4
Total Shareholder's Equity NA 182 206 213 216
Total Liabilities & Shareholder's Equity NA 395 406 420 435
Total Common Equity 0 182 206 213 216
Shares Outstanding 15.20 14.00 14.00 14.00 14.00
Book Value Per Share 0.00 12.97 14.75 15.20 15.41