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 ROE as of July 2024 (TTM) for Independence Contract Drilling, Inc. (ICD) is -24.12%

According to Independence Contract Drilling, Inc.’s latest financial reports and current stock price. The company's current ROE is -24.12%. This represents a change of 284.32% compared to the average of -6.28% of the last 4 quarters.

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

How has ICD ROE performed in the past?

The mean historical ROE of Independence Contract Drilling, Inc. over the last ten years is -18.21%. The current -24.12% ROE has changed 32.45% with respect to the historical average. Over the past ten years (40 quarters), ICD's ROE was at its highest in in the December 2022 quarter at 1.61%. The ROE was at its lowest in in the December 2020 quarter at -17.45%.

Quarterly (TTM)
Annual

Average

-18.21%

Median

-15.12%

Minimum

-39.12%

Maximum

-3.39%

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

Discovering the peaks and valleys of Independence Contract Drilling, Inc. ROE, 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 = 763.17%

Maximum Annual ROE = -3.39%

Minimum Annual Increase = -71.54%

Minimum Annual ROE = -39.12%

Quarterly (TTM)
Annual
YearROEChange
2023-20.76%-31.76%
2022-30.42%-10.97%
2021-34.17%-12.65%
2020-39.12%113.40%
2019-18.33%259.00%
2018-5.11%-50.51%
2017-10.32%19.69%
2016-8.62%154.63%
2015-3.39%-71.54%
2014-11.90%763.17%

Independence Contract Drilling, Inc. (ICD) Average ROE

How has ICD ROE performed in the past?

The current ROE 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

-28.45%

5-year avg

-28.56%

10-year avg

-18.21%

Independence Contract Drilling, Inc. (ICD) ROE vs. Peers

How is ICD’s ROE compared to its peers?

Independence Contract Drilling, Inc.’s ROE is greater than Forum Energy Technologies, Inc. (-6.07%), greater than KLX Energy Services Holdings, Inc. (-34.64%), greater than Mammoth Energy Services, Inc. (-5.07%), less than Borr Drilling Limited (4.62%), less than Superior Drilling Products, Inc. (31.10%),

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