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Independence Contract Drilling, Inc.  (ICD)
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Independence Contract Drilling Inc's

Competitiveness


 

ICD Sales vs. its Competitors Q3 2018



Comparing the results to its competitors, Independence Contract Drilling Inc reported Total Revenue increase in the 3 quarter 2018 by 21.3 % year on year.
The sales growth was above Independence Contract Drilling Inc's competitors average revenue growth of 1.93 %, recorded in the same quarter.

List of ICD Competitors





Revenue Growth Comparisons




Net Income Comparison


Independence Contract Drilling, Inc. recorded net loss , as well as most of its competitors.

<<  More on ICD Income Comparisons


Independence Contract Drilling Inc's Comment on Competitors and Industry Peers


To a large degree, our business depends on the level of capital spending by oil and natural gas companies for exploration, development and production activities. A sustained increase or decrease in the price of oil and natural gas could have a material impact on the exploration, development and production activities of our customers and could materially affect our financial position, results of operations and cash flows.
The contract drilling industry is highly competitive and has become even more so under current market conditions. The price for contract drilling services is a key competitive factor in the U.S. land contract drilling markets, in part because equipment used in our businesses can be moved from one area to another in response to market conditions. In addition to price, we believe the principal competitive factors in our markets are availability and condition of equipment, quality of personnel, efficiency of equipment, service quality, experience and safety record.
Many of our competitors are larger, publicly-held corporations with significantly greater resources and longer operating histories than us. Our largest competitors for high-end AC land drilling contract services are Helmerich & Payne, Inc., Precision Drilling Corporation, Nabors Industries, Ltd. and Patterson-UTI Energy, Inc.

Many of our larger competitors are able to offer ancillary products and services with their contract drilling services, and recently, some of our larger competitors have begun integrating and offering contract drilling services in connection with directional drilling and other services that we do not offer.





  

Total Segment Market Share Q3 2018

Due to strong revenue growth of 21.3 % in Total Independence Contract Drilling, Inc. improved its market share, to approximate 0.74 %.



<<  More on ICD Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.

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ICD's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Independence Contract Drilling, Inc. ICD 122 105 -17 299
American Energy Group Ltd AEGG 5 0 -1 2
Atwood Oceanics Inc ATW 751 631 -19 938
Basic Energy Services Inc BAS 146 957 -35 4,100
Baker Hughes A Ge Co Llc BHI 0 23,739 401 62,000
Barnwell Industries Inc BRN 13 4 -1 29
Cameron International Corp CAM 0 0 0 28,000
Diamond Offshore Drilling, Inc. DO 1,565 1,247 -131 5,200
Dover Corp DOV 11,720 7,485 725 27,000
Energy & Technology Corp. ENGT 0 3 0 93
Eco-stim Energy Solutions, Inc. ESES 9 71 -74 230
Ensco Plc ESV 2,068 1,771 -641 8,500
Forbes Energy Services Ltd. FES 0 151 -94 843
Halliburton Company HAL 25,667 24,395 112 80,000
Nuverra Environmental Solutions, Inc. HEK 0 407 -37 791
Helmerich & Payne, Inc. HP 6,593 2,487 483 10,352
Klx Inc. KLXI 3,212 1,787 509 2,900
Loews Corp L 14,241 14,406 1,333 17,510
Layne Christensen Co LAYN 326 479 -2 3,380
Roan Resources, Inc. LINE 0 335 -1,405 1,500
Matson, Inc. MATX 1,559 2,174 255 1,056
Nabors Industries Ltd NBR 1,042 2,984 -562 29,000
Noble Corp Plc NE 853 1,103 -1,113 6,000
Nuverra Environmental Solutions, Inc. NES 116 142 -26 0
National Oilwell Varco Inc NOV 11,141 7,358 -52 63,642
Newpark Resources Inc NR 638 903 12 1,800
Oil States International, Inc OIS 1,186 998 -43 2,821
Pioneer Energy Services Corp. PES 170 575 -38 1,800
Parker Drilling Co PKD 11 463 -101 2,199
Patterson Uti Energy Inc PTEN 2,837 3,318 75 3,600
Rowan Companies Plc RDC 1,439 942 -221 4,051
Transocean Ltd. RIG 3,843 2,852 -1,862 0
Rignet, Inc. RNET 284 211 -18 503
Superior Drilling Products, Inc. SDPI 42 18 1 43
Schlumberger Limited SLB 58,979 31,700 1,663 120,000
Vantage Drilling International VDI 0 240 -135 930
Weatherford International Plc WFT 519 5,805 -2,629 30,000
SUBTOTAL 151,095 142,245 -3,686 521,112
     
       
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