Independence Contract Drilling Financials

Independence Contract Stock Summary

Independence Contract competes with Forum Energy, KLX Energy, Mammoth Energy, and Borr Drilling. Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas. Independence Contract operates under Oil Gas Drilling classification in the United States and is traded on New York Stock Exchange. It employs 500 people.

Independence Contract Key Financial Ratios

Independence Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Independence Contract's current stock value. Our valuation model uses many indicators to compare Independence Contract value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Independence Contract competition to find correlations between indicators driving Independence Contract's intrinsic value. More Info.Independence Contract Drilling is rated third overall in return on equity category among its peers. It is rated fifth overall in return on asset category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Independence Contract by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

If you are still planning to invest in Independence Contract check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Independence Contract's history and understand the potential risks before investing.