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5-day change | 1st Jan Change | ||
1.69 USD | -0.59% | -9.63% | -31.02% |
May. 01 | Transcript : Independence Contract Drilling, Inc., Q1 2024 Earnings Call, May 01, 2024 | |
May. 01 | Earnings Flash (ICD) INDEPENDENCE CONTRACT DRILLING Posts Q1 Revenue $46.6M | MT |
Summary
- Overall, the company has poor fundamentals for a medium to long-term investment strategy.
Strengths
- The company appears to be poorly valued given its net asset value.
- Given the positive cash flows generated by its business, the company's valuation level is an asset.
- The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
- There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
Weaknesses
- According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
- Low profitability weakens the company.
- The company is in a hindered financial situation with significant debt and rather low EBITDA levels.
- For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
- The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.
- For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
- For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
- Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
Ratings chart - Surperformance
Chart ESG Refinitiv
Sector: Oil & Gas Drilling
1st Jan change | Capi. | Investor Rating | ESG Refinitiv | |
---|---|---|---|---|
-31.02% | 25.71M | C | ||
+0.79% | 16.68B | - | ||
+6.64% | 9.33B | B- | ||
-5.96% | 6.52B | C- | ||
-19.67% | 5.63B | - | ||
+4.86% | 5.21B | B | ||
-9.92% | 4.69B | B- | ||
+1.85% | 4.44B | B- | ||
+7.22% | 3.96B | B- | ||
+6.54% | 3.81B | C+ |
Financials
Valuation
Momentum
Consensus
Business Predictability
Environment
Governance
Controversy
Technical analysis
- Stock Market
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- ICD Stock
- Ratings Independence Contract Drilling, Inc.