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Independent Contract Drilling (ICD) Reports Q4 Loss, Tops Revenue Estimates
Independent Contract Drilling (ICD) came out with a quarterly loss of $0.61 per share versus the Zacks Consensus Estimate of a loss of $0.46. This compares to loss of $0.01 per share a year ago.
Independence Contract Drilling, Inc. Announces Timing of Fourth Quarter and Year End 2023 Financial Results and Conference Call
HOUSTON , Feb. 20, 2024 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its fourth quarter and year end 2023 results before the New York Stock Exchange opens on Wednesday, February 28, 2024. This release will be followed by a conference call for investors at 11:00 a.m.
Independence Contract Drilling to Present at Sidoti Micro-Cap Virtual Conference on November 15 and 16, 2023
HOUSTON , Nov. 10, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) announced that Anthony Gallegos, President and Chief Executive Officer, and Philip Choyce, Executive Vice President & Chief Financial Officer, will be virtually presenting and holding one-on-one meetings at the Sidoti Micro-Cap Conference on November 15 and 16, 2023. The virtual presentation will be webcast at 12:15pm eastern standard time on Wednesday, November 15, 2023 and can be accessed live at https://sidoti.zoom.us/webinar/register/WN_c1FXM1ijQpCTxSz1zKlwqA#/registration.
Independence Contract Drilling, Inc. Announces Timing of Third Quarter 2023 Financial Results and Conference Call
HOUSTON , Oct. 24, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its third quarter 2023 results before the New York Stock Exchange opens on Wednesday, November 1, 2023. This release will be followed by a conference call for investors at 11:00 a.m.
Independence Contract Drilling, Inc. (ICD) Q2 2023 Earnings Call Transcript
Independence Contract Drilling, Inc. (NYSE:ICD ) Q2 2023 Earnings Conference Call August 3, 2023 12:00 PM ET Company Participants Philip Choyce - Executive Vice President and Chief Financial Officer Anthony Gallegos - President and Chief Executive Officer Conference Call Participants Don Crist - Johnson Rice Steve Ferazani - Sidoti Dave Storms - Stonegate Capital Markets David Marsh - Singular Research Jeff Robertson - Water Tower Research John Daniel - Daniel Energy Partners Dick Ryan - Colliers Operator Good day and welcome to the Independence Contract Drilling Second Quarter 2023 Financial Results Conference Call. [Operator Instructions] Please note today's event is being recorded.
Independent Contract Drilling (ICD) Reports Q2 Loss, Misses Revenue Estimates
Independent Contract Drilling (ICD) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to loss of $0.72 per share a year ago.
Independence Contract Drilling, Inc. Announces Timing of Second Quarter 2023 Financial Results and Conference Call
HOUSTON , July 24, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its second quarter 2023 results before the New York Stock Exchange opens on Thursday, August 3, 2023. This release will be followed by a conference call for investors at 11:00 a.m.
Independence Contract Drilling, Inc. Announces Timing of First Quarter 2023 Financial Results and Conference Call
HOUSTON , April 24, 2023 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its first quarter 2023 results before the New York Stock Exchange opens on Tuesday, May 9, 2023. This release will be followed by a conference call for investors at 11:00 a.m.
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Independent Contract Drilling (ICD) Reports Q4 Loss, Tops Revenue Estimates
Independent Contract Drilling (ICD) delivered earnings and revenue surprises of 92.86% and 5.76%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
ICD Financial details
ICD Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-12-31
Metric | History | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 53.96 | 17 | 11.72 | 14.33 | 14.99 | |
Net income per share | -16.11 | -19.69 | -8.89 | -5.01 | -2.69 | |
Operating cash flow per share | 7.4 | 0.06 | -1.28 | 2.19 | 4.35 | |
Free cash flow per share | -2.76 | -2.84 | -3.46 | -1.11 | 1.45 | |
Cash per share | 1.38 | 2.5 | 0.55 | 0.41 | 0.4 | |
Book value per share | 87.88 | 50.34 | 26.02 | 16.48 | 12.96 | |
Tangible book value per share | 87.88 | 50.34 | 26.02 | 16.48 | 12.96 | |
Share holders equity per share | 87.88 | 50.34 | 26.02 | 16.48 | 12.96 | |
Interest debt per share | 40.56 | 32.59 | 21.51 | 13.46 | 13.63 | |
Market cap | 75.22M | 14.43M | 22.51M | 42.6M | 34.33M | |
Enterprise value | 208.64M | 147.42M | 164.61M | 182.98M | 186.85M | |
P/E ratio | -1.24 | -0.15 | -0.34 | -0.65 | -0.91 | |
Price to sales ratio | 0.37 | 0.17 | 0.26 | 0.23 | 0.16 | |
POCF ratio | 2.69 | 50.27 | -2.35 | 1.49 | 0.56 | |
PFCF ratio | -7.23 | -1.03 | -0.87 | -2.94 | 1.69 | |
P/B Ratio | 0.23 | 0.06 | 0.12 | 0.2 | 0.19 | |
PTB ratio | 0.23 | 0.06 | 0.12 | 0.2 | 0.19 | |
EV to sales | 1.02 | 1.77 | 1.87 | 0.98 | 0.89 | |
Enterprise value over EBITDA | 4.94 | 32.28 | -45.16 | 4.75 | 3.41 | |
EV to operating cash flow | 7.47 | 513.65 | -17.18 | 6.4 | 3.06 | |
EV to free cash flow | -20.06 | -10.57 | -6.33 | -12.65 | 9.17 | |
Earnings yield | -0.81 | -6.7 | -2.96 | -1.53 | -1.1 | |
Free cash flow yield | -0.14 | -0.97 | -1.15 | -0.34 | 0.59 | |
Debt to equity | 0.42 | 0.59 | 0.75 | 0.68 | 0.85 | |
Debt to assets | 0.27 | 0.35 | 0.37 | 0.34 | 0.3 | |
Net debt to EBITDA | 3.16 | 29.12 | -38.98 | 3.65 | 2.78 | |
Current ratio | 1.17 | 1.22 | 0.84 | 0.99 | 1.06 | |
Interest coverage | -0.22 | -2.69 | -2.84 | -0.07 | 0.31 | |
Income quality | -0.46 | 0 | 0.14 | -0.44 | -1.62 | |
Dividend Yield | 0 | 1.46 | 0.28 | 0 | 0 | |
Payout ratio | 0 | -0.22 | -0.09 | 0 | 0 | |
Sales general and administrative to revenue | 0.08 | 0 | 0 | 0 | 0 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | -1.37 | -49.58 | 1.71 | -1.51 | -0.67 | |
Capex to revenue | -0.19 | -0.17 | -0.19 | -0.23 | -0.19 | |
Capex to depreciation | -0.84 | -0.32 | -0.42 | -1.06 | -0.93 | |
Stock based compensation to revenue | 0.01 | 0.02 | 0.03 | 0.02 | 0.03 | |
Graham number | 178.48 | 149.36 | 72.14 | 43.13 | 28.01 | |
ROIC | -0.01 | -0.1 | -0.17 | 0 | 0.03 | |
Return on tangible assets | -0.12 | -0.23 | -0.17 | -0.15 | -0.07 | |
Graham Net | -40.33 | -29.73 | -24.05 | -13.75 | -21.38 | |
Working capital | 8.18M | 5.01M | -5.98M | -369K | 2.52M | |
Tangible asset value | 331.6M | 247.03M | 195.23M | 214.71M | 181.58M | |
Net current asset value | -128.66M | -138.73M | -169.57M | -163.33M | -286.55M | |
Invested capital | 0.42 | 0.59 | 0.75 | 0.68 | 0.85 | |
Average receivables | 38.91M | 22.93M | 16.12M | 30.99M | 35.74M | |
Average payables | 19.49M | 13.37M | 9.69M | 23.63M | 27.47M | |
Average inventory | 2.51M | 1.68M | 1.1M | 1.34M | 1.53M | |
Days sales outstanding | 64.24 | 43.86 | 92.17 | 77.76 | 55.06 | |
Days payables outstanding | 43.49 | 13.6 | 48.72 | 71.17 | 48.28 | |
Days of inventory on hand | 4.46 | 3.47 | 3.73 | 3.36 | 3.27 | |
Receivables turnover | 5.68 | 8.32 | 3.96 | 4.69 | 6.63 | |
Payables turnover | 8.39 | 26.84 | 7.49 | 5.13 | 7.56 | |
Inventory turnover | 81.84 | 105.29 | 97.92 | 108.65 | 111.62 | |
ROE | -0.18 | -0.39 | -0.34 | -0.3 | -0.21 | |
Capex per share | -10.16 | -2.9 | -2.19 | -3.3 | -2.9 |
Quarterly Fundamentals Overview
Last date of statement is 2023-12-31 for Q4
Metric | History | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 4.43 | 4.6 | 4.06 | 3.14 | 3.26 | |
Net income per share | 0.25 | 0 | -0.3 | -0.54 | -1.84 | |
Operating cash flow per share | 1.06 | 0.98 | 1.55 | 1.31 | 0.53 | |
Free cash flow per share | -0.47 | -0.38 | 0.66 | 0.93 | 0.25 | |
Cash per share | 0.39 | 0.48 | 0.4 | 0.43 | 0.4 | |
Book value per share | 15.77 | 15.56 | 15.34 | 14.67 | 12.9 | |
Tangible book value per share | 15.77 | 15.56 | 15.34 | 14.67 | 12.9 | |
Share holders equity per share | 15.77 | 15.56 | 15.34 | 14.67 | 12.9 | |
Interest debt per share | 11.33 | 12.6 | 12 | 11.87 | 11.71 | |
Market cap | 44.53M | 45.2M | 37.87M | 42.21M | 34.48M | |
Enterprise value | 184.91M | 204.46M | 190.45M | 193.91M | 187M | |
P/E ratio | 3.22 | 941.66 | -2.27 | -1.39 | -0.33 | |
Price to sales ratio | 0.74 | 0.71 | 0.67 | 0.96 | 0.75 | |
POCF ratio | 3.1 | 3.33 | 1.76 | 2.28 | 4.61 | |
PFCF ratio | -6.98 | -8.57 | 4.13 | 3.24 | 9.98 | |
P/B Ratio | 0.21 | 0.21 | 0.18 | 0.2 | 0.19 | |
PTB ratio | 0.21 | 0.21 | 0.18 | 0.2 | 0.19 | |
EV to sales | 3.07 | 3.21 | 3.38 | 4.39 | 4.08 | |
Enterprise value over EBITDA | 31.5 | 10.45 | 11.01 | -457.33 | 23.11 | |
EV to operating cash flow | 12.86 | 15.08 | 8.86 | 10.48 | 25.02 | |
EV to free cash flow | -28.98 | -38.74 | 20.78 | 14.89 | 54.14 | |
Earnings yield | 0.08 | 0 | -0.11 | -0.18 | -0.75 | |
Free cash flow yield | -0.14 | -0.12 | 0.24 | 0.31 | 0.1 | |
Debt to equity | 0.68 | 0.77 | 0.74 | 0.76 | 0.85 | |
Debt to assets | 0.34 | 0.38 | 0.38 | 0.39 | 0.3 | |
Net debt to EBITDA | 23.91 | 8.14 | 8.82 | -357.78 | 18.85 | |
Current ratio | 0.99 | 1.27 | 1.39 | 1.19 | 1.06 | |
Interest coverage | -0.57 | 1 | 0.47 | 0.08 | -0.3 | |
Income quality | 4.15 | 1.13K | -5.17 | -2.43 | -0.29 | |
Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
Payout ratio | 0 | 0 | 0 | 0 | 0 | |
Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | -1.44 | -1.39 | -0.57 | -0.3 | -0.54 | |
Capex to revenue | -0.34 | -0.3 | -0.22 | -0.12 | -0.09 | |
Capex to depreciation | -1.94 | -1.74 | -1.08 | -0.53 | -0.36 | |
Stock based compensation to revenue | 0.03 | 0.03 | 0.02 | 0.04 | 0.02 | |
Graham number | 9.5 | 0.55 | 10.18 | 13.35 | 23.14 | |
ROIC | 0.01 | 0.03 | 0.01 | 0 | -0.01 | |
Return on tangible assets | 0.01 | 0 | -0.01 | -0.02 | -0.05 | |
Graham Net | -13.15 | -13.02 | -12.63 | -12.26 | -21.29 | |
Working capital | -369K | 11.39M | 12.43M | 5.84M | 2.52M | |
Tangible asset value | 214.71M | 215.68M | 212.77M | 206.46M | 181.58M | |
Net current asset value | -163.33M | -165.41M | -162.98M | -163.01M | -286.55M | |
Invested capital | 0.68 | 0.77 | 0.74 | 0.76 | 0.85 | |
Average receivables | 36.87M | 40.81M | 38.17M | 30.69M | 29.28M | |
Average payables | 30.4M | 29.45M | 22.63M | 17.79M | 20.13M | |
Average inventory | 1.47M | 1.53M | 1.6M | 1.77M | 1.72M | |
Days sales outstanding | 59.41 | 59.06 | 55.11 | 54.77 | 62.24 | |
Days payables outstanding | 61.6 | 50.21 | 36.41 | 41.21 | 48.65 | |
Days of inventory on hand | 2.91 | 2.87 | 3.31 | 4.48 | 3.3 | |
Receivables turnover | 1.51 | 1.52 | 1.63 | 1.64 | 1.45 | |
Payables turnover | 1.46 | 1.79 | 2.47 | 2.18 | 1.85 | |
Inventory turnover | 30.95 | 31.31 | 27.2 | 20.1 | 27.31 | |
ROE | 0.02 | 0 | -0.02 | -0.04 | -0.14 | |
Capex per share | -1.52 | -1.36 | -0.89 | -0.39 | -0.29 |
ICD Frequently Asked Questions
What is Independence Contract Drilling, Inc. stock symbol ?
Independence Contract Drilling, Inc. is a US stock , located in Houston of Tx and trading under the symbol ICD
What is Independence Contract Drilling, Inc. stock quote today ?
Independence Contract Drilling, Inc. stock price is $1.92 today.
Is Independence Contract Drilling, Inc. stock public?
Yes, Independence Contract Drilling, Inc. is a publicly traded company.