$0.07
1.39%
NYSE, Mon, Nov 25 2024
ISIN
US4534153097
Symbol
ICD

Independence Contract Drilling, Inc. Target price 2024 - Analyst rating & recommendation

Independence Contract Drilling, Inc. Classifications & Recommendation:

Buy
100%

Independence Contract Drilling, Inc. Price Target

Target Price $3.00
Price $0.07
Potential
Number of Estimates 1
1 Analyst has issued a Independence Contract Drilling, Inc. price target 2025. The average Independence Contract Drilling, Inc. target price is $3.00. This is higher than the current stock price.
A rating was issued by 1 analysts: 1 Analysts recommend Independence Contract Drilling, Inc. to buy, 0 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Independence Contract Drilling, Inc. stock has an average upside potential 2025 of . Most analysts recommend the Independence Contract Drilling, Inc. stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Dec '23 2024
Estimates
Revenue Million $ 210.11 164.97
12.53% 21.48%
EBITDA Margin 26.07% 21.33%
26.42% 18.17%
Net Margin -19.45% -34.67%
52.29% 78.28%

1 Analyst has issued a sales forecast Independence Contract Drilling, Inc. 2024 . The average Independence Contract Drilling, Inc. sales estimate is

$165m
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. This is
5.08% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$165m 5.08%
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, the lowest is
$165m 5.08%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $210m 12.53%
2024
$165m 21.48%
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2025
$170m 2.78%
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1 Analyst has issued an EBITDA forecast Independence Contract Drilling, Inc. 2024 . The average Independence Contract Drilling, Inc. EBITDA estimate is

$35.2m
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. This is
8.67% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$35.2m 8.67%
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, the lowest is
$35.2m 8.67%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $54.8m 42.26%
2024
$35.2m 35.75%
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2025
$38.7m 9.89%
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EBITDA Margin

2023 26.07% 26.42%
2024
21.33% 18.17%
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2025
22.80% 6.89%
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1 Analyst has issued a net profit forecast Independence Contract Drilling, Inc. 2024 . The average Independence Contract Drilling, Inc. net profit estimate is

$-57.2m
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. This is
23.01% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-57.2m 23.01%
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, the lowest is
$-57.2m 23.01%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $-40.9m 46.31%
2024
$-57.2m 39.96%
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2025
$-48.2m 15.68%
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Net Margin

2023 -19.45% 52.29%
2024
-34.67% 78.28%
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2025
-28.44% 17.97%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Dec '23 2024
Estimates
Earnings Per Share $ -2.69 -3.76
46.31% 39.78%
P/E negative
EV/Sales 1.03

1 Analysts have issued a Independence Contract Drilling, Inc. forecast for earnings per share. The average Independence Contract Drilling, Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$-3.76
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. This is
23.11% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$-3.76 23.11%
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, the lowest is
$-3.76 23.11%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $-2.69 46.31%
2024
$-3.76 39.78%
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2025
$-3.17 15.69%
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P/E ratio

Current -0.01 99.69%
2024
-0.02 100.00%
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2025
-0.03 50.00%
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Based on analysts' sales estimates for 2024, the Independence Contract Drilling, Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.04 23.81%
2024
1.03 0.89%
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2025
1.00 2.71%
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P/S ratio

Current 0.01 96.05%
2024
0.01 32.26%
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2025
0.01 2.44%
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