ICD stock: buy or sell?

ICD stock price: $0.40 -6.98% At close on February 27th, 2020

Updated on:
February 27th, 2020

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Shares of Independence Contract Drilling plummed a bloodcurdling -6.98% and closed at $0.40. Thursday was the 4th red session in a row, sliding in full a -27.27%.

Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States.

Should I buy ICD stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Independence Contract Drilling stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean ICD will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Independence Contract Drilling stock a buy?

Financial institutions and banks post stock ratings everyday. Unfortunately, we couldn't detect any rating for ICD stock for the last month.

ICD stock analysis

Daily outlook

Shares of Independence Contract Drilling ended today at $0.40 and plummed a bloodcurdling -6.98%.

Independence Contract Drilling plummed a bloodcurdling -6.98% and closed at $0.40. ICD marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $0.63 would break this short term down trend and open possibilities for reversing this situation. Since price and SMA100d lines crossed down on January, ICD fell $-0.66 per share (-62.26%).

ICD stock chart (daily)

Weekly outlook

Independence Contract Drilling shares plummed -27.27% this week, ending at $0.40. Counting this, it's been 5 red weeks in a row, sliding $-0.39 or a -47.56%.

Since early January, when ICD stock price broke down the 20-weeks moving avarage line, it slid $-0.66 per share (-62.26%).

ICD stock chart (weekly)

ICD stock price history

ICD IPO was on November 16th, 2010 at $4.60 per share1. Since then, ICD stock declined a -91.30%, with a yearly average of -10.10%.

1: Adjusted price after possible price splits or reverse-splits.

ICD stock historical price chart

ICD stock reached 52-week highs at $3.67, and all-time highs 2014-09-02 with a price of 12.29.

ICD stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not found any price prediction for Independence Contract Drilling stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report , Independence Contract Drilling . Unfortunately, reported EPS is not yet available in our database.
ICD earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q32017-10-31-0.14-0.13n/a
2017-Q42018-02-26-0.11-0.12n/a
2018-Q12018-04-26-0.12-0.11n/a
2018-Q22018-08-02-0.09-0.08n/a
2018-Q32018-11-06-0.05-0.05n/a
2018-Q42019-03-01-0.020.01n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw an amazing growth of 58.44% to $142.61 million USD. Aligned with this, its profit margin (compared to sales) climbed to -14.02%, that is $-19.99 million.

ICD annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$43 M-$-2.00 M-4.7%-
2014$70 M64.40%$-28.17 M-40.0%1,308.40%
2015$88 M25.69%$-7.88 M-8.9%-72.02%
2016$70 M-20.76%$-22.18 M-31.7%181.45%
2017$90 M28.47%$-24.30 M-27.0%9.56%
2018$143 M58.44%$-19.99 M-14.0%-17.72%

Quarterly financial results

Independence Contract Drilling posted $62.79 million in revenues for 2018-Q4, a 120.78% up compared to previous quarter. Reported quarter earnings marked $-8.60 M with a profit margin of -13.69%. Profit margin stayed stable a 0.15% compared to previous quarter when profit margin was -13.84%. When comparing sales to same quarter last year, Independence Contract Drilling sales marked an outstanding gain and skyrocketed a 150.74%. Looking back to recent quarterly results, Independence Contract Drilling posted 7 negative quarters in a row.
ICD quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$20 M-$-6.27 M-31.0%-
2017-Q2$21 M5.19%$-6.30 M-29.6%0.48%
2017-Q3$23 M10.12%$-5.98 M-25.5%-5.08%
2017-Q4$25 M6.81%$-5.75 M-22.9%-3.93%
2018-Q1$26 M2.34%$-4.15 M-16.2%-27.83%
2018-Q2$26 M0.50%$-3.31 M-12.9%-20.09%
2018-Q3$28 M10.43%$-3.94 M-13.8%18.83%
2018-Q4$63 M120.78%$-8.60 M-13.7%118.36%

Independence Contract Drilling ownership

When you are planning to invest in shares of a stock, it's always worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Independence Contract Drilling, 7.40% of all outstanding shares are owned by its staff.

Bearish positions for ICD stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Independence Contract Drilling:

ICD
Market cap$30.5 M
Total shares76.3 M
Float shares49.8 M
  - Institutional holdings (%)81.1%
  - Insider holdings (%)7.4%
Shares in short selling0.0%

ICD summary

Thursday, February 27th, 2020
Open$0.41
Close$0.40
Day range$0.40 - $0.44
Previous close$0.43
Session gain-6.98%
Average true range$0.05
50d mov avg$0.79
100d mov avg$0.82
200d mov avg$1.18
Daily patternlb06a
Weekly pattern

Independence Contract Drilling performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We selected as the bechmarking frame for Independence Contract Drilling stock.
Stock3m6m12m
ICDIndependence Cont...-49.37%-61.90%-88.67%

Independence Contract Drilling competitors

Unfortunately, we could not find any public company that could be defined as Independence Contract Drilling competitor. This doesn't mean Independence Contract Drilling does not have any competitor in the market, it's just we could not detected it.