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Independence Contract Drilling Stock

Independence Contract Drilling P/S 2024

Independence Contract Drilling P/S

0.12

Ticker

ICD

ISIN

US4534156066

WKN

A2P1E5

As of Oct 1, 2024, Independence Contract Drilling's P/S ratio stood at 0.12, a -33.33% change from the 0.18 P/S ratio recorded in the previous year.

The Independence Contract Drilling P/S history

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.

P/S Details

Decoding Independence Contract Drilling's P/S Ratio

Independence Contract Drilling's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.

Year-to-Year Comparison

Comparing Independence Contract Drilling's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.

Impact on Investments

The P/S ratio is instrumental for investors evaluating Independence Contract Drilling's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.

Interpreting P/S Ratio Fluctuations

Variations in Independence Contract Drilling’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.

Frequently Asked Questions about Independence Contract Drilling stock

What is the price-to-earnings ratio of Independence Contract Drilling?

The price-earnings ratio of Independence Contract Drilling is currently 0.12.

How has the price-earnings ratio of Independence Contract Drilling changed compared to last year?

The price-to-earnings ratio of Independence Contract Drilling has increased by -33.33% fallen (meaning "decreased" or "dropped") compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Independence Contract Drilling high compared to other companies?

Yes, the price-to-earnings ratio of Independence Contract Drilling is high compared to other companies.

How does an increase in the price-earnings ratio of Independence Contract Drilling affect the company?

An increase in the price-earnings ratio of Independence Contract Drilling would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Independence Contract Drilling affect the company?

A decrease in the price-earnings ratio of Independence Contract Drilling would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Independence Contract Drilling?

Some factors that influence the price-earnings ratio of Independence Contract Drilling are the company's growth, financial position, industry development, and the overall economic situation.

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 10/1/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 10/1/2024.

When did Independence Contract Drilling pay the last dividend?

The last dividend was paid out on 10/1/2024.

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.