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Independence Contract Drilling GF Value Rank

: 3 (As of Today)
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Independence Contract Drilling has the GF Value Rank of 3.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.


Competitive Comparison

For the Oil & Gas Drilling subindustry, Independence Contract Drilling's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Independence Contract Drilling GF Value Rank Distribution

For the Oil & Gas industry and Energy sector, Independence Contract Drilling's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Independence Contract Drilling's GF Value Rank falls into.



Independence Contract Drilling GF Value Rank Related Terms

Thank you for viewing the detailed overview of Independence Contract Drilling's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Independence Contract Drilling Business Description

Independence Contract Drilling logo
Traded in Other Exchanges
N/A
Address
20475 State Highway 249, Suite 300, Houston, TX, USA, 77070
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.
Executives
Msd Private Credit Opportunity (non-eci) Fund, Llc director, 10 percent owner ONE VANDERBILT AVENUE, 26TH FLOOR NEW YORK NY 10017
Msd Credit Opportunity Master Fund, L.p. director, 10 percent owner ONE VANDERBILT AVENUE, 26TH FLOOR NEW YORK NY 10017
Cebula Vincent J director 1301 AVENUE OF THE AMERICAS 34 TH FLOOR NEW YORK NY 10019
Msd Pcof Partners Lxxiii, Llc director, 10 percent owner ONE VANDERBILT AVENUE, 26TH FLOOR NEW YORK NY 10017
Gleysteen Christopher director ONE VANDERBILT AVENUE, 26TH FLOOR NEW YORK NY 10017
Msd Partners, L.p. director, 10 percent owner ONE VANDERBILT AVENUE, 26TH FLOOR NEW YORK NY 10017
Keller Scott A. officer: SVP - SALES AND MARKETING 20475 SH 249 SUITE 300 HOUSTON TX 77070
Kokenes Kathrine officer: VP & CHIEF ACCOUNTING OFFICER 20475 SH 249 SUITE 300 HOUSTON TX 77070
Nieuwoudt Stacy Durbin director 20475 SH 249 SUITE 300 HOUSTON TX 77070
Dalrymple Philip officer: VICE PRESIDENT - OPERATIONS 11601 NORTH GALAYDA STREET HOUSTON TX 77086
Gallegos John A. Jr. director, officer: PRESIDENT & CEO 952 ECHO LANE SUITE 460 HOUSTON TX 77024
Minmier James director 777 N.W. 63RD ST. OKLAHOMA CITY OK 73116
Monroe William 10 percent owner C/O HIGIER ALLEN & LAUTIN, P.C. 2711 N. HASKELL AVE., SUITE 2400 DALLAS TX 75204
Fitts Travis officer: SVP HR & HSE 20475 HWY 249 SUITE 300 HOUSTON TX 77070
Humphries Bruce officer: SVP Operations - West 20475 HWY 249 SUITE 300 HOUSTON TX 77070

Independence Contract Drilling Headlines

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