Independence Contract Drilling, Inc.

Independence Contract Drilling, Inc.verified

ICD

Price:

$1.422

Market Cap:

$21.63M

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 in the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale. Its fleet consists of 24 rigs. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.[Read more]

Industry

Oil & Gas Drilling

IPO Date

2014-08-08

Stock Exchange

NYSE

Ticker

ICD

The PE Ratio as of July 2024 (TTM) for Independence Contract Drilling, Inc. (ICD) is -0.43

According to Independence Contract Drilling, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is -0.43. This represents a change of -63.96% compared to the average of -1.19 of the last 4 quarters.

Independence Contract Drilling, Inc. (ICD) Historical PE Ratio (quarterly & annually)

How has ICD PE Ratio performed in the past?

The mean historical PE Ratio of Independence Contract Drilling, Inc. over the last ten years is -4.54. The current -0.43 PE Ratio has changed 847.88% with respect to the historical average. Over the past ten years (40 quarters), ICD's PE Ratio was at its highest in in the March 2023 quarter at 941.66. The PE Ratio was at its lowest in in the June 2015 quarter at -81.12.

Quarterly (TTM)
Annual

Average

-4.54

Median

-2.20

Minimum

-15.30

Maximum

-0.15

Independence Contract Drilling, Inc. (ICD) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Independence Contract Drilling, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 383.72%

Maximum Annual PE Ratio = -0.15

Minimum Annual Increase = -95.31%

Minimum Annual PE Ratio = -15.30

Quarterly (TTM)
Annual
YearPE RatioChange
2023-0.9139.65%
2022-0.6593.16%
2021-0.34126.14%
2020-0.15-87.94%
2019-1.24-83.33%
2018-7.4320.04%
2017-6.19-38.15%
2016-10.00-34.65%
2015-15.30383.72%
2014-3.16-95.31%

Independence Contract Drilling, Inc. (ICD) Average PE Ratio

How has ICD PE Ratio performed in the past?

The current PE Ratio of Independence Contract Drilling, Inc. (ICD) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-0.63

5-year avg

-0.66

10-year avg

-4.54

Independence Contract Drilling, Inc. (ICD) PE Ratio vs. Peers

How is ICD’s PE Ratio compared to its peers?

Independence Contract Drilling, Inc.’s PE Ratio is greater than Forum Energy Technologies, Inc. (-8.66), greater than KLX Energy Services Holdings, Inc. (-8.52), greater than Mammoth Energy Services, Inc. (-8.18), less than Borr Drilling Limited (38.57), less than Superior Drilling Products, Inc. (9.12),

Build a custom stock screener for Independence Contract Drilling, Inc. (ICD) and other stocks

One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Independence Contract Drilling, Inc. using the financials and key metrics that matter to you in a single view.

The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:

Custom stock screener in Wisesheets

Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.

Get your free trial here.

Independence Contract Drilling, Inc. (ICD) and other stocks custom spreadsheet templates

The easiest way to analyze a company like Independence Contract Drilling, Inc. or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.

Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.

Custom stock templates in Wisesheets

Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.

Frequently asked questions❓

What is the PE Ratio?

How can you use the PE Ratio?

What is Independence Contract Drilling, Inc.'s PE Ratio?

How is the PE Ratio calculated for Independence Contract Drilling, Inc. (ICD)?

What is the highest PE Ratio for Independence Contract Drilling, Inc. (ICD)?

What is the 3-year average PE Ratio for Independence Contract Drilling, Inc. (ICD)?

What is the 5-year average PE Ratio for Independence Contract Drilling, Inc. (ICD)?

How does the current PE Ratio for Independence Contract Drilling, Inc. (ICD) compare to its historical average?