Matthew Fitzgerald - Independence Contract Independent Director
Director
Mr. Matthew D. Fitzgerald is Director of Independence Contract Drilling, Inc. He has served as a director on our Board of Directors since April 2012. Mr. Fitzgerald is now a private investor and volunteer instructor and counselor with SCORE, an affiliate of the Small Business Administration. From 2009 until July 2013, Mr. Fitzgerald served as President of Total Choice Communications LLC, a wireless retailer in Houston, Texas. Mr. Fitzgerald retired from Grant Prideco, Inc., one of the worlds largest suppliers of drill pipe and drill bits, following its merger with National Oilwell Varco in 2008. He had served as Senior Vice President and Chief Financial Officer beginning in January 2004 and as Treasurer beginning in February 2007. Mr. Fitzgerald held the positions of Executive Vice President, Chief Financial Officer, and Treasurer of Veritas DGC from 2001 until January 2004. Mr. Fitzgerald also served as Vice President and Controller for BJ Services Company from 1989 to 2001. He previously served on the board of directors of Maverick Oil and Gas, Inc. and currently serves on the board of directors of Rosetta Resources, Inc since 2012.
| Age | 62 |
| Tenure | 12 years |
| Phone | 281 598 1230 |
| Web | https://www.icdrilling.com |
Independence Contract Management Efficiency
The company has Return on Asset of (0.013) % which means that on every $100 spent on assets, it lost $0.013. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.3199) %, meaning that it generated no profit with money invested by stockholders. Independence Contract's management efficiency ratios could be used to measure how well Independence Contract manages its routine affairs as well as how well it operates its assets and liabilities.Independence Contract Drilling has 158.08 M in debt with debt to equity (D/E) ratio of 0.59, which is OK given its current industry classification. Independence Contract has a current ratio of 1.02, demonstrating that it may not be capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Independence to invest in growth at high rates of return.
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Management Performance
| Return On Equity | -0.32 | |||
| Return On Asset | -0.013 |
Independence Contract Leadership Team
Elected by the shareholders, the Independence Contract's board of directors comprises two types of representatives: Independence Contract inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Independence. The board's role is to monitor Independence Contract's management team and ensure that shareholders' interests are well served. Independence Contract's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Independence Contract's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Philip Dalrymple, Senior Vice President - Operations | ||
| Adam Piekarski, Director | ||
| James Minmier, Independent Director | ||
| Marc Noel, Vice President of Sales and Marketing | ||
| Katherine Kokenes, Chief Accounting Officer, Vice President | ||
| Philip Choyce, Chief Financial Officer, Executive Vice President | ||
| Stacy Nieuwoudt, Independent Director | ||
| Matthew Fitzgerald, Independent Director | ||
| Vincent Cebula, Director | ||
| Christopher Gleysteen, Director | ||
| J Gallegos, President, Chief Executive Officer, Director | ||
| Scott Keller, Senior Vice President - Business Development | ||
| Daniel McNease, Independent Chairman of the Board | ||
| John Gallegos, CEO President |
Independence Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Independence Contract a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.32 | |||
| Return On Asset | -0.013 | |||
| Profit Margin | (0.33) % | |||
| Operating Margin | (0.10) % | |||
| Current Valuation | 172.67 M | |||
| Shares Outstanding | 15.22 M | |||
| Shares Owned By Insiders | 12.19 % | |||
| Shares Owned By Institutions | 32.68 % | |||
| Number Of Shares Shorted | 584.65 K | |||
| Price To Earning | (4.01) X |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Other Consideration for investing in Independence Stock
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.
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