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ICD Independence Contract Drilling

Independence Contract Drilling provides land-based contract drilling services for oil and natural gas producers in the United States. The Company constructs, owns and operates a fleet of pad-optimal ShaleDriller rigs that are specifically engineered and designed to accelerate its clients' production profiles and cash flows from their most technically demanding and economically impactful oil and gas properties.

ICD stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 Aug 21
24 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6.03M 6.03M 6.03M 6.03M 6.03M 6.03M
Cash burn (monthly) (positive/no burn) 947K 4.96M 7.44M (positive/no burn) 1.13M
Cash used (since last report) n/a 3.64M 19.02M 28.55M n/a 4.35M
Cash remaining n/a 2.4M -12.99M -22.52M n/a 1.68M
Runway (months of cash) n/a 2.5 -2.6 -3.0 n/a 1.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Oct 21 Monroe William Common Stock Buy Acquire P No No 4.57 25,000 114.25K 1,450,000
14 Oct 21 Monroe William Common Stock Buy Acquire P No No 4.55 25,000 113.75K 1,425,000
1 Oct 21 John A. Jr. Gallegos Common Stock Option exercise Acquire M No No 0 2,972 0 42,370
1 Oct 21 John A. Jr. Gallegos RSU Common Stock Payment of exercise Dispose F No No 0 957 0 8,765
1 Oct 21 John A. Jr. Gallegos RSU Common Stock Option exercise Dispose M No No 0 2,972 0 9,722
1 Oct 21 James Minmier Common Stock Option exercise Acquire M No No 0 354 0 11,552
1 Oct 21 James Minmier RSU Common Stock Option exercise Dispose M No No 0 354 0 20,080
7 Jun 21 James Minmier Common Stock Buy Acquire P No No 4.1086 4,000 16.43K 11,198
30 Mar 21 MSD Capital L P Common Stock Sell Dispose S Yes No 3.36 9,600 32.26K 122,333
29 Mar 21 MSD Capital L P Common Stock Sell Dispose S Yes No 3.66 12,309 45.05K 131,933

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

19.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 25 25
Opened positions 3 23 -87.0%
Closed positions 3 0 NEW
Increased positions 9 0 NEW
Reduced positions 6 1 +500.0%
13F shares
Current Prev Q Change
Total value 5.85M 4.37M +34.1%
Total shares 1.37M 1.32M +3.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
MSD Partners 382.2K $1.64M -26.0%
Vanguard 205.19K $880K +76.9%
MS Morgan Stanley 201.9K $867K +2.8%
MSD Capital L P 90.51K $388K -26.0%
Renaissance Technologies 85.2K $366K +622.9%
Two Sigma Advisers 58.5K $251K NEW
FMR 39.06K $168K 0.0%
Ancora Advisors 37.57K $162K NEW
Geode Capital Management 36.69K $157K +30.4%
Bridgeway Capital Management 36.5K $157K -16.1%
Largest transactions
Shares Bought/sold Change
MSD Partners 382.2K -134.33K -26.0%
Vanguard 205.19K +89.23K +76.9%
Renaissance Technologies 85.2K +73.41K +622.9%
Acadian Asset Management 0 -70.99K EXIT
Two Sigma Advisers 58.5K +58.5K NEW
Ancora Advisors 37.57K +37.57K NEW
Two Sigma Investments 36.14K +36.14K NEW
MSD Capital L P 90.51K -31.83K -26.0%
Dumac 0 -19.62K EXIT
Geode Capital Management 36.69K +8.55K +30.4%

Financial report summary

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Management Discussion
  • (1)Marketed rigs exclude five idle rigs that will not be reactivated unless market conditions materially improve.
  • (2)Rig operating days represent the number of days our rigs are earning revenue under a contract during the period, including days that standby revenues are earned.
  • (3)Average number of operating rigs is calculated by dividing the total number of rig operating days in the period by the total number of calendar days in the period.
Content analysis
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