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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%) 4:46 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 D Momentum B 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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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 37% (159 out of 252)

Industry: Oil and Gas - Drilling

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Brokerage Reports

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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Independence Contract Drilling, Inc. [ICD]

Reports for Purchase

Showing records 1 - 20 ( 23 total )

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 1

04/23/2024

Company Report

Pages: 10

Expect Stable Utilization Through 2024 And Healthy Rebound Next Year,Maintain $4 Price Target

Provider: Sidoti CSR

Analyst: Research Department

Price: .00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 2

02/29/2024

Company Report

Pages: 10

Flatten Rig Utilization Forecast On Push Back Of Gas Play Recovery,Trim Price Target To $4

Provider: Sidoti CSR

Analyst: Research Department

Price: .00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 3

02/28/2024

Company Report

Pages: 11

COMPANY UPDATES

Provider: Stonegate Capital Markets

Analyst: Research Department

Price: 25.00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 4

01/10/2024

Company Report

Pages: 10

Expect Higher Sequential Rig Utilization 4Q:23; Trim 2024 Estimate On Softer Commodity Prices

Provider: Sidoti CSR

Analyst: Research Department

Price: .00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 5

11/17/2023

Company Report

Pages: 11

Rig Utilization Rising In 4Q:23 As U.S. Land Drilling Appears To Trough

Provider: Sidoti CSR

Analyst: Research Department

Price: .00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 6

11/02/2023

Company Report

Pages: 10

Expect Rig Utilization To Improve Into 2024, But Day Rate Pressures To Persist; Maintain $5 Price Target, Note Balance Sheet Improvement

Provider: Sidoti CSR

Analyst: Research Department

Price: .00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 7

11/02/2023

Company Report

Pages: 12

COMPANY UPDATES

Provider: Stonegate Capital Markets

Analyst: Research Department

Price: 12.50

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 8

10/25/2023

Company Report

Pages: 10

Expect Rig Utilization To Trough In 3Q:23 With Increased Drilling Through 2024

Provider: Sidoti CSR

Analyst: Research Department

Price: .00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 9

08/18/2023

Company Report

Pages: 10

Raise 2024 Forecast On Higher Rig Utilization, Supported By Recovering Natural Gas Prices And Additional LNG Export Capacity

Provider: Sidoti CSR

Analyst: Research Department

Price: .00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 10

08/04/2023

Company Report

Pages: 10

Anticipate Rig Utilization Bottoms In 3Q:23

Provider: Sidoti CSR

Analyst: Research Department

Price: .00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 11

08/03/2023

Company Report

Pages: 12

COMPANY UPDATES

Provider: Stonegate Capital Markets

Analyst: Research Department

Price: 12.50

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 12

06/15/2023

Company Report

Pages: 10

Reduce Price Target To $5 (From $6) As We Lower Our 2023-2024 Forecast On Declining Active Rig Count; Note Growing Cash Flow To De-Lever

Provider: Sidoti CSR

Analyst: Research Department

Price: .00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 13

05/10/2023

Company Report

Pages: 10

Revenue And Record Drilling Margin Exceed Our Estimates In 1Q:23

Provider: Sidoti CSR

Analyst: Research Department

Price: .00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 14

05/09/2023

Company Report

Pages: 6

2023 with a strong start, an 8% sequential improvement in margins per day and a 16% sequential improvement in adjusted EBITDA.

Provider: Stonegate Capital Markets

Analyst: Research Department

Price: 12.50

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 15

04/26/2023

Company Report

Pages: 10

Expect Record Drilling Margin In 1Q:23 With Rig Mobilizations To The Permian In 2Q:23 Due To Weaker Natural Gas Prices

Provider: Sidoti CSR

Analyst: Research Department

Price: .00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 16

03/03/2023

Company Report

Pages: 10

Lower 2023-2024 Estimates On Reduced Rig Activation Expectations-Maintain $6 Price Target

Provider: Sidoti CSR

Analyst: Research Department

Price: .00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 17

03/02/2023

Company Report

Pages: 13

Overall market outlook remains strong

Provider: Stonegate Capital Markets

Analyst: Research Department

Price: 25.00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 18

01/20/2023

Company Report

Pages: 10

Expect Significant Revenue And Margin Improvement In 4Q:22 On Higher Day Rates

Provider: Sidoti CSR

Analyst: Research Department

Price: .00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 19

12/29/2022

Company Report

Pages: 10

Expect Additional Rig Activations At Rising Day Rates Under Term Contracts In 2023

Provider: Sidoti CSR

Analyst: Research Department

Price: .00

Research Provided by a Third Party

Company: Independence Contract Drilling, Inc.

Industry: Oil and Gas - Drilling

Record: 20

11/08/2022

Company Report

Pages: 15

INITIATION OF RESEARCH

Provider: Stonegate Capital Markets

Analyst: Research Department

Price: 25.00

Research Provided by a Third Party