GURU.Markets stock price, segment price, and overall market index valuation
The company's share price Independence Contract Drilling
iClick is a Chinese online marketing services company. Its stock price reflects both the potential of China's vast digital advertising market and its intense competition and regulatory risks.
Share prices of companies in the market segment - Oil and gas services
Independence Contract Drilling provides onshore drilling services to oil and gas companies in the US, operating a fleet of modern drilling rigs. We've categorized it as "Oil and Gas Services." The chart below shows how activity in the upstream sector impacts drilling contractors.
Broad Market Index - GURU.Markets
Independence Contract Drilling is an American company that provides onshore drilling services using its fleet of modern rigs. As a significant player, it is included in our GURU.Markets index. The chart below shows the overall market trend. Compare it with the ICD performance to assess the state of this sector.
Change in the price of a company, segment, and market as a whole per day
ICD - Daily change in the company's share price Independence Contract Drilling
The daily price change of Independence Contract Drilling reflects the high volatility in the oilfield services sector. This indicator demonstrates direct sensitivity to oil prices and drilling rig demand in the US.
Daily change in the price of a set of shares in a market segment - Oil and gas services
Independence Contract Drilling provides onshore drilling services to oil and gas companies in the United States. This business is highly dependent on drilling activity, which is tied to oil prices. The chart below illustrates the high volatility typical of the oilfield services sector and helps evaluate the ICD.
Daily change in the price of a broad market stock, index - GURU.Markets
Independence Contract Drilling provides drilling services to oil and gas companies. It's a highly cyclical business, dependent on oil prices. Its stock price fluctuations directly reflect the volatility of the energy sector, which impacts the entire market.
Dynamics of market capitalization of the company, segment and the market as a whole over 12 months
Annual dynamics of the company's market capitalization Independence Contract Drilling
For Independence Contract Drilling, year-over-year performance is a barometer of activity in shale oil production. The company's 12-month market capitalization growth is directly linked to demand for its high-tech drilling rigs. The increasing number of drilling rigs and rising oil prices are ensuring a steady flow of orders in the Permian Basin.
Annual dynamics of market capitalization of the market segment - Oil and gas services
Independence Contract Drilling is an onshore drilling contractor with a modern fleet. Its business is highly cyclical and directly dependent on oil and gas prices. The chart clearly demonstrates this high volatility and dependence on oil and gas companies' capital expenditures on drilling.
Annual dynamics of market capitalization of broad market stocks, index - GURU.Markets
Independence Contract Drilling, a supplier of drilling rigs for the US oil and gas industry, is a classic cyclical business. Its annual market capitalization dynamics are directly dependent on oil prices and the investment activity of production companies. It serves as a barometer of the health of the US shale sector.
Dynamics of market capitalization of the company, segment and the market as a whole for the month
Monthly dynamics of the company's market capitalization Independence Contract Drilling
Independence Contract Drilling is a land-based drilling rig operator. Its business is highly cyclical and directly dependent on drilling costs from oil and gas companies, which in turn depend on oil prices. Rig rental rates are key.
Monthly dynamics of market capitalization of the market segment - Oil and gas services
This chart reflects the dynamics of the oilfield services sector. For Independence, an onshore drilling rig operator, it's the backdrop. Its movements are highly cyclical and directly dependent on oil prices, which determine drilling demand and rig rental rates.
Monthly dynamics of market capitalization of broad market stocks, index - GURU.Markets
Independence Contract Drilling is a land-based drilling rig operator operating in the United States. Its business is highly cyclical and directly dependent on oil and gas companies' drilling investments. A chart of the overall market performance allows one to assess how closely ICD shares correlate with oil prices, which often drive the entire sector's performance independently of the broader market.
Dynamics of market capitalization of the company, segment and the market as a whole for the week
Weekly dynamics of the company's market capitalization Independence Contract Drilling
Independence Contract Drilling provides onshore drilling services in the United States. Its weekly stock price is closely linked to oil and gas prices, as well as drilling activity in shale basins.
Weekly dynamics of market capitalization of the market segment - Oil and gas services
Independence Contract Drilling provides onshore drilling services in the United States. Its business is cyclical and directly dependent on oil and gas prices. The chart below will help determine whether the company is keeping pace with the overall oilfield services industry or whether its modern fleet of drilling rigs allows it to win contracts and stay ahead of the competition.
Weekly dynamics of market capitalization of stocks of the broad market, index - GURU.Markets
Independence Contract Drilling provides drilling services. Its business is highly cyclical and directly dependent on oil prices. The chart clearly shows how its shares amplify fluctuations in the energy sector, often countering the market.
Market capitalization of the company, segment and market as a whole
ICD - Market capitalization of the company Independence Contract Drilling
Independence Contract Drilling's market capitalization reflects its focus on high-tech shale drilling rigs. Its cyclical performance follows oil prices and activity in the Permian Basin. Investors value its modern fleet and ability to deliver efficient drilling.
ICD - Share of the company's market capitalization Independence Contract Drilling within the market segment - Oil and gas services
Independence Contract Drilling is a US land drilling rig operator. Its market share in the oilfield services sector is small. Its market capitalization is directly dependent on oil and gas prices, as well as drilling demand from upstream companies, making it sensitive to cycles in the energy industry.
Market capitalization of the market segment - Oil and gas services
Here's a chart showing the market capitalization of the oilfield services sector. Independence Contract Drilling is a niche player providing modern drilling rigs for shale production. The dynamics of this cyclical market determine its fate. ICD competes on the quality of its equipment and its ability to operate more efficiently than its competitors.
Market capitalization of all companies included in a broad market index - GURU.Markets
Independence Contract Drilling is a US land drilling rig operator. Its market capitalization is closely tied to its activity in the oil and gas industry. The chart below shows the economic weight of the oil and gas services sector.
Book value capitalization of the company, segment and market as a whole
ICD - Book value capitalization of the company Independence Contract Drilling
Independence Contract Drilling's book value is its fleet of modern land drilling rigs. The chart tells the story of a cyclical company whose assets and financial position are directly dependent on drilling activity in American shale basins and oil and gas prices.
ICD - Share of the company's book capitalization Independence Contract Drilling within the market segment - Oil and gas services
Independence Contract Drilling owns a fleet of modern land drilling rigs. The chart shows its share of physical assets. Its drilling rigs are the primary tangible assets it provides to oil and gas companies for efficient production.
Market segment balance sheet capitalization - Oil and gas services
Independence Contract Drilling provides onshore drilling services in the United States. Their balance sheet is weighed down by the cost of a fleet of modern and mobile drilling rigs. The book value chart clearly shows the cost of this "hardware" arsenal, essential for shale production.
Book value of all companies included in the broad market index - GURU.Markets
Independence Contract Drilling's assets include a fleet of modern, mobile drilling rigs for use in US shale fields. Their balance sheet is a direct valuation of this fleet. The chart shows how its value has changed.
The ratio of market capitalization to book capitalization of a company, segment, and the market as a whole
Market capitalization to book capitalization ratio - Independence Contract Drilling
Independence Contract Drilling supplies drilling rigs to US oil and gas companies. Its balance sheet represents the value of these rigs. The chart clearly shows how the valuation of these assets depends on oil and gas prices. During periods of high drilling activity, the market values ββthe rigs significantly above their book value.
Market to book capitalization ratio in a market segment - Oil and gas services
Independence Contract Drilling provides onshore drilling services in the US using state-of-the-art rigs. Its core assets are these drilling rigs. Its business is highly cyclical and directly dependent on oil and gas prices. The chart clearly illustrates this relationship, showing how the market values ββits fleet.
Market to book capitalization ratio for the market as a whole
Independence Contract Drilling provides onshore drilling services. It's a capital-intensive business, with drilling rigs being its primary asset. The company's market valuation is closely tied to the value of its equipment fleet. This chart shows how expectations for oil prices and drilling demand influence the market valuation of these assets.
Debts of the company, segment and market as a whole
ICD - Company debts Independence Contract Drilling
Independence Contract Drilling provides onshore drilling services in the United States. This chart shows how its financial position is affected by oil and gas prices and drilling activity. The company manages its debt and drilling rig fleet to adapt to the highly cyclical nature of the oilfield services industry.
Market segment debts - Oil and gas services
Independence Contract Drilling provides onshore drilling services in the United States. Its business is directly dependent on oil and gas prices and the investment plans of its drilling companies. This chart shows how this cyclical company's debt load fluctuates with energy market activity.
Market debt in general
Debt to book value of the company, segment and market as a whole
The company's debt to book capitalization ratio Independence Contract Drilling
Independence Contract Drilling provides onshore drilling services in the US. This chart shows its debt load. In the highly cyclical oilfield services industry, dependent on oil prices, high debt levels are very risky. They can lead to bankruptcy during industry downturns.
Market segment debt to market segment book capitalization - Oil and gas services
Independence Contract Drilling provides onshore drilling services to oil and gas companies. This chart shows the debt burden in the oilfield services sector. For small drilling contractors, it is a critical indicator of financial stability and the ability to survive cyclical demand.
Debt to book value of all companies in the market
Independence Contract Drilling provides onshore drilling services in the United States. Its business is directly dependent on oil and gas prices and activity in the sector. This graph of total debt in the economy is an indicator of the health of its clients. It helps assess the company's cyclical nature and how it manages its balance sheet during booms and busts.
P/E of the company, segment and market as a whole
P/E - Independence Contract Drilling
Independence Contract Drilling provides onshore drilling services to oil and gas companies in the US using its fleet of modern drilling rigs. This chart is an indicator of activity in the shale sector. Its dynamics are highly dependent on oil prices and demand for drilling services.
P/E of the market segment - Oil and gas services
Independence Contract Drilling is a land-based drilling rig operator that provides drilling services to oil and gas companies in the United States. The company focuses on modern and efficient rigs. This chart shows the average valuation for oilfield service companies, reflecting how investors value smaller but technologically advanced players in this market.
P/E of the market as a whole
Independence Contract Drilling is an operator of modern onshore drilling rigs in the United States. Its business is highly cyclical and directly dependent on drilling activity, which follows oil and gas prices. This general sentiment influences energy prices, making ICD's valuation highly sensitive to macroeconomic expectations.
Future P/E of the company, segment and market as a whole
Future (projected) P/E of the company Independence Contract Drilling
Independence Contract Drilling is a land-based drilling rig operator primarily operating in Texas and neighboring states. This chart illustrates future revenue expectations, which are directly dependent on oil and gas prices and demand for high-tech drilling rigs from oil and gas companies.
Future (projected) P/E of the market segment - Oil and gas services
Independence Contract Drilling provides onshore drilling services to oil and gas companies in the US using its fleet of modern drilling rigs. This chart shows general expectations for the oilfield services sector. ICD's position relative to the average reflects how the market perceives demand for their high-tech rigs and rental rates based on drilling activity.
Future (projected) P/E of the market as a whole
Independence Contract Drilling is an American company providing onshore drilling services using its fleet of modern, super-spec drilling rigs. The company operates in key US shale basins. Its business is highly cyclical and dependent on the activity of oil and gas companies. This chart of general market expectations is merely a backdrop for specific trends in the oilfield services industry.
Profit of the company, segment and market as a whole
Company profit Independence Contract Drilling
Independence Contract Drilling provides onshore drilling services using its fleet of modern drilling rigs in the United States. Its profits, as reflected in the graph, are directly dependent on oil and gas prices and the activity of oil and gas companies in shale basins.
Profit of companies in the market segment - Oil and gas services
Independence Contract Drilling provides land drilling services to oil and gas companies in the US, operating a modern fleet of drilling rigs. The company's business is highly cyclical. This chart shows the total profitability of the oilfield services sector. It reflects the level of investment by production companies, which is directly linked to energy prices and drilling volumes.
Overall market profit
Independence Contract Drilling provides onshore drilling services in the United States. Its business is highly cyclical and directly dependent on oil and gas prices. When the economy is booming, as this chart shows, energy demand rises, which encourages drilling companies to increase drilling activity and contract with companies like ICD.
Future (predicted) profit of the company, segment and market as a whole
Future (projected) profit of the company Independence Contract Drilling
Independence Contract Drilling provides onshore drilling services in the US using its modern fleet of drilling rigs. Its revenue is directly dependent on the activity of oil and gas companies. This chart shows analysts' future profit expectations, which serve as a barometer of their views on the level of drilling activity in the US.
Future (predicted) profit of companies in the market segment - Oil and gas services
Independence Contract Drilling is an operator of modern onshore drilling rigs in the United States. The company specializes in high-tech rigs that enable more efficient drilling. This chart shows profitability forecasts for the entire oilfield services sector, helping to assess how Independence's focus on advanced technology impacts its competitiveness.
Future (predicted) profit of the market as a whole
Independence Contract Drilling provides onshore drilling services in the United States. Demand for its drilling rigs is directly dependent on oil and gas prices and the investment plans of oilfield services companies. This chart, reflecting expectations for economic activity, is a leading indicator for the entire oilfield services industry.
P/S of the company, segment and market as a whole
P/S - Independence Contract Drilling
Independence Contract Drilling provides onshore drilling services in the United States. Its revenue is directly dependent on the activity of oil and gas companies. This chart is an indicator of the health of the shale industry. An increase in this indicator indicates expectations of increased drilling volumes and, consequently, demand for its drilling rigs.
P/S market segment - Oil and gas services
Independence Contract Drilling owns and operates a fleet of modern land drilling rigs in the United States. Revenue is driven by daily rental rates and rig utilization. This chart for the oilfield services sector helps assess how investors view the quality of ICD's fleet and its competitiveness in the drilling services market.
P/S of the market as a whole
Independence Contract Drilling provides onshore drilling services to oil and gas companies in the US using its fleet of modern drilling rigs. This chart reflects the overall market value of revenue, providing insight into how investors view this service company in the deeply cyclical energy industry.
Future P/S of the company, segment and market as a whole
Future (projected) P/S of the company Independence Contract Drilling
Independence Contract Drilling provides onshore drilling services to oil and gas companies in the US, operating a fleet of modern and efficient drilling rigs. This chart shows how investors estimate future drilling contract revenues. It is heavily dependent on oil and gas prices, which drive activity in the sector.
Future (projected) P/S of the market segment - Oil and gas services
Independence Contract Drilling provides onshore drilling services to oil and gas companies in the United States, operating a fleet of modern drilling rigs. The company's valuation is highly cyclical and directly depends on drilling activity in American shale basins, which, in turn, is determined by oil and gas prices.
Future (projected) P/S of the market as a whole
Independence Contract Drilling provides onshore drilling services in the United States. The company's operations are directly dependent on investment activity in the oil and gas industry. This chart reflects growth expectations, and demand for ICD drilling rigs reflects the level of investment in production.
Sales of the company, segment and market as a whole
Company sales Independence Contract Drilling
Independence Contract Drilling provides onshore drilling services to oil and gas companies in the United States. This chart shows revenue generated from daily rental rates for its high-tech drilling rigs. Drilling activity and oil prices are key factors.
Sales of companies in the market segment - Oil and gas services
Independence Contract Drilling (ICD) provides onshore drilling services using its fleet of modern, highly efficient, super-spec drilling rigs. This chart shows revenue in the oilfield services sector. ICD operates in the most active oil and gas basins in the United States, and its high-tech fleet is in high demand among production companies.
Overall market sales
Independence Contract Drilling provides onshore drilling services using modern rigs. Its revenues are directly dependent on drilling activity in the US oil and gas industry. This general economic activity affects the demand for oil and gas. Economic growth encourages drilling companies to increase drilling, which creates demand for ICD services.
Future sales volume of the company, segment and market as a whole
Future (projected) sales of the company Independence Contract Drilling
Independence Contract Drilling is a company providing onshore drilling services using modern rigs in the United States. Its revenue is directly dependent on drilling activity and daily rig rental rates. This chart reflects analyst revenue forecasts, which are an indicator of oil and gas companies' investment in onshore field development.
Future (projected) sales of companies in the market segment - Oil and gas services
Independence Contract Drilling provides onshore drilling services using its fleet of modern drilling rigs. This forecast chart details expected revenue, which depends on rig rental rates and rig utilization. It shows how analysts estimate drilling demand from oil and gas companies.
Future (projected) sales of the market as a whole
Independence Contract Drilling is an operator of modern onshore drilling rigs in the United States. Its activity is directly dependent on oil and gas companies' shale drilling plans. This chart shows overall economic activity, and the ICD rig utilization rate is an accurate indicator of investment in onshore oil and gas production, particularly in the Permian Basin.
Marginality of the company, segment and market as a whole
Company marginality Independence Contract Drilling
Independence Contract Drilling provides onshore drilling services using its fleet of modern, highly efficient rigs. The company's profitability is directly dependent on drilling demand from oil and gas companies and rental rates. The chart is an indicator of activity in the US shale sector.
Market segment marginality - Oil and gas services
Independence Contract Drilling is a US-based onshore drilling company operating a fleet of modern and mobile drilling rigs. This chart shows its profitability, which is closely linked to oil and gas prices and drilling activity, particularly in the Permian Basin.
Market marginality as a whole
Independence Contract Drilling provides onshore drilling services in the United States. Its business is highly cyclical and directly dependent on oil and gas prices and drilling activity. This overall profitability chart is an indicator of energy demand. Economic growth stimulates production, which increases the company's rig utilization.
Employees in the company, segment and market as a whole
Number of employees in the company Independence Contract Drilling
Independence Contract Drilling is a US-based land drilling contractor operating a fleet of modern, high-tech drilling rigs. This chart shows the number of drilling crews, which are the core of its operations and directly depend on drilling demand from oil and gas companies.
Share of the company's employees Independence Contract Drilling within the market segment - Oil and gas services
Independence Contract Drilling provides onshore drilling services in the United States. In this business, the number of personnel, particularly drilling crews, is directly related to the number of active rigs and utilization rates. This chart reflects the company's operating capacity and its ability to meet demand from oil and gas companies for drilling services.
Number of employees in the market segment - Oil and gas services
Independence Contract Drilling provides onshore drilling services in the United States. This chart, showing employment in the oilfield services sector, is an indicator of drilling activity. For ICD, with its modern fleet of rigs, the growth in employment in the industry indicates increased demand from production companies for efficient and safe drilling.
Number of employees in the market as a whole
Independence Contract Drilling provides onshore drilling services to oil and gas companies in the United States. Demand for its drilling rigs is directly dependent on exploration and production activity. The growth in overall employment, reflected in this chart, indicates economic growth and energy demand, which encourages oil and gas producers to sign contracts to drill new wells.
Market capitalization per employee (in thousands of dollars) of the company, segment, and market as a whole
Market capitalization per employee (in thousands of dollars) of the company Independence Contract Drilling (ICD)
Independence Contract Drilling (ICD) provides onshore drilling services with a fleet of modern drilling rigs. It's a capital-intensive business-to-business service. This chart shows the market value (based on rig fleet and contracts) per employee (drilling crew, engineer).
Market capitalization per employee (in thousands of dollars) in the market segment - Oil and gas services
Independence Contract Drilling provides onshore drilling services in the United States. It's a capital-intensive business whose core value lies in its state-of-the-art drilling rigs. This metric reflects the cost of this equipment fleet per the staff that maintains it.
Market capitalization per employee (in thousands of dollars) for the overall market
Independence Contract Drilling is a US-based land drilling contractor with a fleet of modern drilling rigs. Its business is cyclical and dependent on oil prices. In this chart, its capitalization per employee would be high during periods of drilling activity, as the value is generated by expensive equipment operated by relatively small crews.
Profit per employee (in thousands of dollars) for the company, segment, and market as a whole
Profit per employee (in thousands of dollars) of the company Independence Contract Drilling (ICD)
Independence Contract Drilling operates a fleet of modern land drilling rigs in the United States. It's a cyclical and capital-intensive oilfield services business. Profits depend not on the number of employees, but on daily rental rates and the utilization rate of their expensive rigs.
Profit per employee (in thousands of dollars) in the market segment - Oil and gas services
Independence Contract Drilling provides onshore drilling services to oil and gas companies in the United States. In the oilfield services industry, the efficiency of drilling crews and the use of modern equipment are key factors for success. This graph shows the profit generated by each employee, reflecting the company's operational efficiency and technological advancement.
Profit per employee (in thousands of dollars) for the market as a whole
Independence Contract Drilling is a land-based drilling rig operator operating in the United States (primarily Texas). They provide drilling services to E&P companies. This metric represents the market average profit per employee. It helps investors understand whether the oilfield services sector, where ICD operates, is high- or low-margin in terms of return on human capital.
Sales to employees of the company, segment and market as a whole
Sales per company employee Independence Contract Drilling (ICD)
Independence Contract Drilling provides onshore drilling services to oil and gas companies in the United States. Revenue per employee reflects the utilization of its drilling rigs. This chart is an indicator of shale production activity, showing how rig utilization and daily rates impact the company's revenue.
Sales per employee in the market segment - Oil and gas services
Independence Contract Drilling (ICD) is a land drilling contractor operating a fleet of modern drilling rigs in the United States. This chart shows the average revenue per employee in the segment. It allows one to evaluate how efficiently ICD utilizes its expensive assets and drilling crews compared to other contractors.
Sales per employee for the market as a whole
Independence Contract Drilling (ICD) provides onshore drilling services in the US using its fleet of modern, highly efficient drilling rigs. It is an oilfield services company. This metric reflects the revenue generated by each drilling rig and its crew. It is highly cyclical and depends on daily drilling rates and industry activity.
Short shares by company, segment and market as a whole
Shares shorted by company Independence Contract Drilling (ICD)
Independence Contract Drilling (ICD) is a US onshore drilling rig operator. This business is entirely dependent on oil and gas prices. This chart shows short interest. A rise in bearish bets is a bet on a decline in drilling activity caused by lower commodity prices or consolidation in the oil and gas sector, which reduces demand for drilling rigs. (342)
Shares shorted by market segment - Oil and gas services
Independence Contract Drilling (ICD) provides onshore drilling services (primarily in Texas) using its fleet of rigs. The chart below shows the overall short position in the oilfield services sector. It reflects whether investors expect a reduction in drilling activity due to falling oil or gas prices.
Shares shorted by the overall market
Independence Contract Drilling is a US land drilling rig operator. Their business is 100% dependent on oil and gas companies. This chart measures general fear. When investors fear a recession, oil prices fall. ICD's clients immediately stop drilling to save money. Their rigs sit idle, and revenue evaporates.
RSI 14 indicator for a company, segment, and market as a whole
The company's RSI 14 indicator Independence Contract Drilling (ICD)
Independence Contract Drilling operates a fleet of modern shale drilling rigs in the US. Their "pulse" is the "pulse" of the shale revolution. This indicator "warms" (rises) when oil prices are high and the rig count rises, and "cools" when prices fall.
RSI 14 Market Segment - Oil and gas services
Independence Contract Drilling is a US-based land drilling rig operator specializing in high-performance Pad-Optimal rigs for shale production. This chart tracks the collective momentum of the oilfield services sector. It helps understand whether the ICD trend is driven by overall drilling activity or by technological advances in its rigs.
RSI 14 for the overall market
Independence Contract Drilling (ICD) provides drilling services. This chart reflects activity in the oil and gas industry. During periods of euphoria and high oil prices, drilling activity is in full swing, and ICD's services are in demand. During periods of panic and falling prices, drilling stops, and its equipment sits idle.
Analyst consensus forecast for the company's share price, the segment, and the market as a whole
Analyst consensus stock price forecast ICD (Independence Contract Drilling)
Independence Contract Drilling (ICD) is a US land drilling rig operator specializing in high-tech shale drilling rigs. This chart shows the average 12-month price target from analysts, which is directly related to their oil and gas price forecasts and US drilling demand.
The difference between the consensus estimate and the actual stock price ICD (Independence Contract Drilling)
Independence Contract Drilling (ICD) is a pure play on US drilling. The company operates a fleet of modern onshore drilling rigs in Texas. This chart shows how far the current share price differs from its "fair" value. It directly reflects analyst forecasts for dayrates and drilling activity in the Permian Basin.
Analyst consensus forecast for stock prices by market segment - Oil and gas services
Independence Contract Drilling (ICD) is an oilfield driller that provides high-tech mobile land drilling rigs to E&P companies in Texas. This chart reflects the collective opinion of analysts on the *entire* oil and gas services sector. It's a direct indicator of whether experts expect a new drilling boom or a downturn.
Analysts' consensus forecast for the overall market share price
Independence Contract Drilling (ICD) is an oilfield services company operating a fleet of modern onshore drilling rigs in the United States. This chart reflects the general expectations of experts. For ICD, whose business is directly dependent on drilling activity, overall market optimism (linked to oil prices) is a signal for increased investment in production.
AKIMA index of the company, segment and market as a whole
AKiMA Company Index Independence Contract Drilling
Independence Contract Drilling (ICD) is a boutique driller. Their specialty is owning a small but high-tech fleet of super-specialized land drilling rigs, which they lease (with crew) to shale producers (E&Ps). This chart is a barometer of drilling activity. It reflects the prices (dayrates) of their rigs and their utilization rate (utilization).
AKIMA Market Segment Index - Oil and gas services
Independence Contract Drilling is an onshore driller. They provide drilling rigs and services to oil and gas companies operating in US shale fields. They are a service business. This chart compares their composite index to the sector, showing how their drilling services compare to their competitors.
The AKIM Index for the overall market
Independence Contract Drilling is a provider of onshore drilling services for the oil and gas industry, using Pad-Optimal rigs. This chart, reflecting the market average, is a backdrop. It helps assess how the ICD, the micro-cap in oilfield services, compares to overall macroeconomic fluctuations and activity in shale basins.