Published on 19 Apr 2023 on Simply Wall St. via Yahoo Finance
Investors Continue Waiting On Sidelines For Independence Contract Drilling, Inc. (NYSE:ICD)
When close to half the companies operating in the Energy Services industry in the United States have price-to-sales ratios (or "P/S") above 1x, you may consider Independence Contract Drilling, Inc. (NYSE:ICD) as an attractive investment with its 0.2x P/S ratio. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
See our latest analysis for Independence Contract Drilling
