ICD stock icon

Independence Contract Drilling


About: Independence Contract Drilling Inc is engaged in providing land-based contract drilling services for oil and natural gas producers. The company constructs its own and operates a premium land rig fleet. It develops and assembles its ShaleDriller series rig which is used for the development of oil and gas properties. The company's customers for contract drilling services in the United States include oil and natural gas companies, independent oil and natural gas companies, as well as various small to mid-sized publicly traded and privately held oil and gas companies.

Employees: 450

Funds holding %
of 6,702 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

22% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 9

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

6.79% less ownership

Funds ownership: 31.82% [Q4 2023] → 25.03% (-6.79%) [Q1 2024]

17% less funds holding

Funds holding: 36 [Q4 2023] → 30 (-6) [Q1 2024]

35% less capital invested

Capital invested by funds: $11M [Q4 2023] → $7.11M (-$3.87M) [Q1 2024]

43% less call options, than puts

Call options by funds: $4K | Put options by funds: $7K

67% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 9

Research analyst outlook

We haven’t received any recent analyst ratings for ICD.

Financial journalist opinion