| Independence Contract Drilling provides land-based contract drilling services for oil and natural gas producers targeting unconventional resource plays in the U.S. Co. owns and operates a fleet comprised of drilling rigs. Co.'s rig fleet includes a number of AC powered rigs, of which some are included in its marketed fleet. Co.'s rigs are operating in the Permian Basin, the Haynesville Shale and the Eagle Ford Shale; however, its rigs have previously operated in the Mid-Continent and Eaglebine regions as well. We show 30 historical shares outstanding datapoints in our ICD shares outstanding history coverage, used to compute ICD market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ICD market cap history over the course of time is important for investors
interested in comparing ICD's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ICD versus a peer is one thing; comparing
ICD market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ICD can fluctuate over the course of history.
With this page we aim to empower investors researching ICD by allowing them to research the ICD market cap history.