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Independence Contract Drilling Profitability Rank

: 2 (As of Jun. 2022)
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Independence Contract Drilling has the Profitability Rank of 2. It has had trouble to make a profit.

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way. It is based on these factors:

1. Operating Margin %
2. Piotroski F-Score
3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.
4. Consistency of the profitability
5. Predictability Rank

Independence Contract Drilling's Operating Margin % for the quarter that ended in Jun. 2022 was -3.07%. As of today, Independence Contract Drilling's Piotroski F-Score is 5.


Competitive Comparison

For the Oil & Gas Drilling subindustry, Independence Contract Drilling's Profitability Rank, along with its competitors' market caps and Profitability 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 Profitability Rank Distribution

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

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



Independence Contract Drilling Profitability Rank Calculation

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Independence Contract Drilling has the Profitability Rank of 2. It has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength. But if a company is consistently profitable, its financial strength will be stronger.

Profitability Rank is based on these factors:

1. Operating Margin %

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Independence Contract Drilling's Operating Margin % for the quarter that ended in Jun. 2022 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=-1.299 / 42.313
=-3.07 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

2. Piotroski F-Score

The zones of discrimination were as such:

Good or high score = 8 or 9
Bad or low score = 0 or 1

Independence Contract Drilling has an F-score of 5 indicating the company's financial situation is typical for a stable company.

3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.

4. Consistency of the profitability

5. Predictability Rank


Independence Contract Drilling Profitability Rank Related Terms

Thank you for viewing the detailed overview of Independence Contract Drilling's Profitability 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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