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Independence Contract Drilling Stock

Independence Contract Drilling Market capitalization 2024

Independence Contract Drilling Market capitalization

2.38 M USD

Ticker

ICD

ISIN

US4534156066

WKN

A2P1E5

In 2024, Independence Contract Drilling's market cap stood at 2.38 M USD, a -94.19% increase from the 41.03 M USD market cap in the previous year.

The Independence Contract Drilling Market capitalization history

YEARMarket Capitalization (undefined USD)
202342.93
202247.11
202129.17
202027.06
2019148.15
2018199.01
2017165.87
2016165.07
2015159.3
2014159.2
20130.33
20120.57

Independence Contract Drilling Aktienanalyse

What does Independence Contract Drilling do?

Independence Contract Drilling Inc (ICD) is a US-based company founded in 2011 and headquartered in Houston, Texas. The company provides drilling services for unconventional natural gas and oil deposits in North America. ICD's history begins with its founding by a group of experienced managers and employees from the oil and gas industry. The goal was to create a company specializing in measures to improve efficiency, safety, and productivity in drilling. The company started with a fleet of rig drilling units used in the Permian Basin, Eagle Ford, and Haynesville. Over the past 10 years, the company has expanded its operations to other areas such as the Powder River Basin, DJ Basin, and Marcellus Shale play. ICD operates in a competitive market with many competing companies offering similar services. However, the company has a unique business model that allows it to differentiate itself from the competition. ICD exclusively operates modern rig drilling units of the highest standards equipped with the latest technology to provide customers with the best possible service. The company also operates only high-performance and efficient units to enable customers to achieve high-quality and fast drilling. ICD offers its customers a wide range of drilling services and support services. The company solely focuses on hydraulically operated rig drilling units capable of performing heavy drilling. The spectrum of services offered includes drilling of horizontal and vertical boreholes, borehole geomechanics, surface services, and drilling preparation work. Moreover, the company also has professionals that enable it to offer customized solutions and consulting services to meet the customers' requirements. ICD has strategically expanded its activities in recent years to offer a wider range of services to its customers. For example, the company completed the acquisition of H&P Holdings to expand its portfolio in the field of borehole geomechanics. The success of ICD also relies on its ability to offer customers a wide range of services and support offerings all in one place. Through targeted expansion into new business areas, the company is able to strengthen its position in the market and satisfy its customers. Overall, ICD is a leading provider of drilling services in North America. The company has made a name for itself through its modern, efficient, and technologically advanced rig drilling units, its wide range of services, and its strategic expansion into new business areas. A hallmark of ICD is also its strong customer orientation and ability to offer tailor-made services that meet customers' needs. In the future, the company is expected to play an important role in the production of oil and gas from unconventional deposits and continue to specialize in expanding its business model and service offerings. Independence Contract Drilling ist eines der beliebtesten Unternehmen auf Eulerpool.com.

Market capitalization Details

Exploring Independence Contract Drilling's Market Capitalization

Independence Contract Drilling's market capitalization represents the total dollar market value of the company’s outstanding shares of stock. It is calculated by multiplying the company's shares outstanding by the current market price of one share. This metric is a vital indicator of a company’s size, strength, and overall market value.

Year-to-Year Comparison

A yearly comparison of Independence Contract Drilling's market capitalization provides investors and analysts insights into its growth and valuation trends. An increase signifies market confidence and business expansion, while a decrease may point towards declining market value or business contractions.

Impact on Investments

Independence Contract Drilling's market capitalization plays a pivotal role in investment decisions. It aids investors in assessing the company's risk and return profiles. Larger companies are often considered more stable but may offer lower growth potential, while smaller companies might offer significant growth prospects but come with higher risk.

Interpreting Market Capitalization Fluctuations

Variations in Independence Contract Drilling’s market capitalization can be attributed to several factors, including changes in stock price, outstanding shares, and market sentiment. Understanding these fluctuations helps investors evaluate the company's current standing and future potential in the competitive landscape.

Frequently Asked Questions about Independence Contract Drilling stock

What is the current Independence Contract Drilling market capitalization?

The current market capitalization of Independence Contract Drilling is 2.38 M USD.

What is market capitalization?

The market capitalization (German: Marktkapitalisierung, English: market capitalization, abbreviated as market cap, also known as stock exchange capitalization or market value) is the calculated total value of all shares of a publicly traded company like Independence Contract Drilling.

How has the market capitalization of Independence Contract Drilling developed in recent years?

The market capitalization of Independence Contract Drilling has increased/decreased by -94.19% compared to the previous year.

What does market capitalization mean for investors?

The market capitalization of a company reflects the current market consensus on the value of the equity of a publicly traded company.

Why is market capitalization an important indicator for investors?

The market capitalization of a company reflects the current market consensus on the value of a publicly traded company's equity. It is determined by the supply and demand for the company's shares. Market capitalization is thus significantly influenced by expectations in the stock market regarding the future earnings power of the company, and as such, it can undergo significant fluctuations.

Why does the market capitalization fluctuate?

The market capitalization fluctuates along with the stock price, as the market capitalization is calculated based on the current price and the number of outstanding shares.

What role does market capitalization play in the valuation of Independence Contract Drilling?

In order to compare the value of companies, it is helpful to consider not only the market capitalization but also the net debt of a company. A potential buyer of the entire company would also acquire the debts of the company. The enterprise value is the total value of a company or a stock corporation. The net financial indebtedness of the company is added to the market capitalization.

Does the market capitalization influence the performance of Independence Contract Drilling?

There is no verifiable long-term evidence or study that stocks with a specific market capitalization (whether Mega/Large/Mid/Small Cap) would consistently yield significantly higher returns than others. There are occasional small studies (few stocks, short investment period) suggesting that certain classes may perform better or have higher risk, but none of them are 1. conclusive (cause-effect relationship is unclear, experiment is not repeatable) or 2. generalizable (generalization is not possible due to small sample size and time period).

Does the market capitalization of Independence Contract Drilling have an influence on indices?

Some stock indices use market capitalization as index weighting. Stocks with a higher market capitalization are also weighted higher in the index. This is in contrast to equally weighted indices (all stocks have the same weighting) and free float weighted indices (market capitalization weighting, but only with the number of shares in free float).

How much dividend does Independence Contract Drilling pay?

Over the past 12 months, Independence Contract Drilling paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Independence Contract Drilling is expected to pay a dividend of 0 USD.

What is the dividend yield of Independence Contract Drilling?

The current dividend yield of Independence Contract Drilling is .

When does Independence Contract Drilling pay dividends?

Independence Contract Drilling pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Independence Contract Drilling?

Independence Contract Drilling paid dividends every year for the past 0 years.

What is the dividend of Independence Contract Drilling?

For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Independence Contract Drilling located?

Independence Contract Drilling is assigned to the 'Energy' sector.

Wann musste ich die Aktien von Independence Contract Drilling kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Independence Contract Drilling from 10/5/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 10/5/2024.

When did Independence Contract Drilling pay the last dividend?

The last dividend was paid out on 10/5/2024.

What was the dividend of Independence Contract Drilling in the year 2023?

In the year 2023, Independence Contract Drilling distributed 0 USD as dividends.

In which currency does Independence Contract Drilling pay out the dividend?

The dividends of Independence Contract Drilling are distributed in USD.

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Andere Kennzahlen von Independence Contract Drilling

Our stock analysis for Independence Contract Drilling Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Independence Contract Drilling Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.