Independence Contract Drilling, Inc.

Independence Contract Drilling, Inc.verified

ICD

Price:

$0.5858

Market Cap:

$8.92M

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 December 2024 (TTM) for Independence Contract Drilling, Inc. (ICD) is -0.14

According to Independence Contract Drilling, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is -0.14. This represents a change of -79.45% compared to the average of -0.69 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 -0.14 PE Ratio has changed 210.41% 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. (-3.60), greater than KLX Energy Services Holdings, Inc. (-1.52), greater than Mammoth Energy Services, Inc. (-0.69), less than Borr Drilling Limited (10.73), less than Superior Drilling Products, Inc. (7.49),

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