Independence Contract Drilling, Inc. (ICD)
Independence Contract Drilling, Inc. operates in the Oil & Gas Drilling industry of the Energy sector, headquartered in Houston, TX, US. The stock last traded at $0.59, down 9.88% on the session, giving a market capitalisation of $8.9M. On trailing twelve-month figures it carries a trailing P/E of -0.22, a net margin of -17.9%. Its beta of 4.96 implies it has historically moved more than the broad market.
Independence Contract Drilling, Inc. delivers onshore contract drilling solutions to oil and natural gas producers throughout the United States. The company is responsible for designing, owning, and operating its specialized fleet of pad-optimized ShaleDriller rigs, which are primarily deployed across major shale formations including the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale. This fleet currently consists of 24 drilling units. Founded in 2011, Independence Contract Drilling, Inc. has its corporate headquarters located in Houston, Texas.
Independence Contract Drilling, Inc. is most often compared with the following Energy names: