How to Buy Independence Contract Drilling Stock
Independence Contract Drilling Inc
Independence Contract Drilling is a oil & gas drilling company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker ICD on the NYSE exchange.
Independence Contract Drilling stock last closed at $1.85, down 1.07% from the previous day, and has decreased 38.33% in one year. It has underperformed other stocks in the Oil & Gas Drilling industry by 0.43 percentage points. Independence Contract Drilling stock is currently +14.91% from its 52-week low of $1.61, and -46.38% from its 52-week high of $3.45.
At the moment, there are 15.21M shares of ICD outstanding. The market value of ICD is $28.14M. In the last 24 hours, 55,956 ICD shares were traded.
How to Buy Independence Contract Drilling Stock
Wondering how to invest in Independence Contract Drilling stock? Here's how.
- Figure out where to buy Independence Contract Drilling stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Independence Contract Drilling stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Select your method of payment and add your info.
- Research Independence Contract Drilling stock: The Independence Contract Drilling ticker symbol is ICD. Is Independence Contract Drilling stock a good investment? Should you buy shares of ICD? How do ICD's underlying business fundamentals look? Do top analysts think Independence Contract Drilling is a good buy? Why has ICD's stock price moved recently? (Hint: Our stock market analysis website can help you understand if ICD is a good stock to buy).
- Make your ICD purchase: Decide if you will purchase ICD shares at the current market price or use a limit order to purchase ICD shares at a particular price.
- Monitor your ICD position: Create a watchlist to track your position in Independence Contract Drilling shares.
Step 1: Figure out where to buy Independence Contract Drilling stock
You need an online brokerage account in order to access the NYSE market and buy ICD stock.
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Based on our experience, eToro is the best online stock brokerage. eToro gives you:
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- Buy other assets: Such as ETFs and cryptocurrencies.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the right brokerage, you need to fill out some personal details so you can invest in ICD today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open a new brokerage account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have filled out your info on the highest rated app to buy and sell stocks, you need to deposit funds:
Check out the walkthrough below for more details transferring funds into your brokerage account.
Step 4: Research Independence Contract Drilling stock
After you have identified the best place to buy Independence Contract Drilling stock, it's important to analyze their stock prior to buying, so you actually comprehend the risk and opportunity.
Independence Contract Drilling stock at a glance
Independence Contract Drilling Overview
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on ICD's stock page.
Is ICD stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge ICD's intrinsic value.
Using relative valuations methods:
- ICD may be undervalued based on its P/B ratio of 0.16x, relative to Oil & Gas Drilling industry P/B ratio of 0.93x
You can access more valuation research on ICD's stock here.
How do ICD Financials look?
Positive Financial Indicators:
- ICD's operating cash flow of $58.46M allows it to safely service it's debt of $171.90M.
- There are more short-term assets than short-term liabilities on the ICD balance sheet.
Negative Financial Indicators:
- Total ICD debt is higher than 5 years ago, relative to shareholder equity.
- ICD has a relatively high debt to equity ratio of 1.22.
- There are more long-term liabilities than short-term assets on the ICD balance sheet.
- ICD profit margin has gone down from -3% to -24.2% in the past year.
- ICD earnings of -$11.79M is not enough to cover its interest payments.
You can dive deeper into what analysts are saying on the Independence Contract Drilling stock forecast page.
ICD Technical Indicators
Is ICD Making Money?
Last year, ICD revenue was $192.99M. During the past 5 year, ICD's revenue has increased by 1.71% per year. This was slower than the Oil & Gas Drilling industry average of 33.26%.
You can analyze ICD's earnings and revenue performance here.
Are ICD executives and large shareholders buying or selling the stock?
In the last year, executives and large shareholders at ICD have not bought or sold any shares.
Learn more about who owns ICD stock here.
Does ICD stock generate passive income?
No, Independence Contract Drilling doesn't provide an income stream by paying out dividends.
What others are saying about ICD
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your ICD purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, use a limit order.
Hit the Open Trade button and eToro will execute your order.
If you need more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Monitor your ICD position
Now that you own some ICD stock, you'll want to stay up-to-date on your stock purchase.
Create a watchlist to get the latest updates about your ICD stock.
ICD Feed
How to Buy Stock in Independence Contract Drilling
To reiterate, here are the 6 steps to buy Independence Contract Drilling stock:
- Figure out where to buy Independence Contract Drilling stock
- Sign up for a brokerage account
- Deposit money your brokerage account
- Research Independence Contract Drilling stock
- Make your ICD purchase
- Monitor your ICD position
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to monitor your new investment in Independence Contract Drilling, create your watchlist below.
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