Independence Contract Drilling, Inc. Overview
Industry: Oil & Gas Drilling
Sector: Energy
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, superspec AC powered rigs, and additional idle AC rigs in the Permian Basin and the Haynesville Shale. Its fleet consists of 26 rigs. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas. 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, superspec AC powered rigs, and additional idle AC rigs in the Permian Basin and the Haynesvil Read MoreIndependence Contract Drilling, Inc. is evaluated based on the investment philosophy and approach to stock market investing developed by renowned investor Warren Buffett. Companies with high ratings typically exhibit growing earnings, a substantial profit margin, conservative leverage, a consistently high return on equity, and a sustained practice of repurchasing their shares over the years.
Independence Contract Drilling, Inc.
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Recent News
Earnings Per Share
Score 3.00/5
Independence Contract Drilling, Inc. boasts a high score, as its Earnings Per Share (EPS) has demonstrated consistent growth over the past six years. Notable counterparts in the sector with high scores includes
Texas Pacific Land Corp
ENTERPRISE PRODUCTS PARTNERS L.P.
Antero Midstream Corp
In
Oil & Gas Drilling industry
, Helmerich & Payne
, Noble Corp plc
, Noble Corp plc
are companies with high ratings.
Return on Equity
Score 0.62/5
Independence Contract Drilling, Inc. exhibits a lower score in the Return on Equity (ROE) section, falling below the sector median value and indicating a comparatively weaker performance in this metric. The top companies in the same sector include
Texas Pacific Land Corp
ENTERPRISE PRODUCTS PARTNERS L.P.
Antero Midstream Corp
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, Noble Corp plc
, Noble Corp plc
are companies with high ratings.
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Net Margin
Score 0.82/5
Independence Contract Drilling, Inc.
olds a low score as its net margin consistently trails below the sector median value and doesn't exhibit continuous growth over the last six years; notable companies in the sector with commendable scores include
Texas Pacific Land Corp
ENTERPRISE PRODUCTS PARTNERS L.P.
Antero Midstream Corp
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, Helmerich & Payne
, Noble Corp plc
, Noble Corp plc
are companies with high ratings.
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Leverage
Score 3.17/5
Independence Contract Drilling, Inc.
attains a commendable score in the category due to its lower leverage ratio over the past six years in comparison to the sector median value. Additionally, other notable companies in the same sector, such as
Texas Pacific Land Corp
ENTERPRISE PRODUCTS PARTNERS L.P.
Antero Midstream Corp
, also exhibit high scores.
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In
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, Helmerich & Payne
, Noble Corp plc
, Noble Corp plc
are companies with high ratings.
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