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Independence Contract Drilling, Inc. (NYSE:ICD) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Independence Contract Drilling, Inc. (NYSE:ICD) seasonal charts above shows that a Buy Date of August 27 and a Sell Date of December 26 has resulted in a geometric average return of 0.78% above the benchmark rate of the S&P 500 Total Return Index over the past 5 years. This seasonal timeframe has shown positive results compared to the benchmark in 2 of those periods. This is a poor rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 5 years by an average of 36.34% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Energy sector, which runs from January 21 to May 9. The seasonal chart for the broad sector is available via the following link: Energy Sector Seasonal Chart.

A word of caution: Only 5 years of data is available for shares of ICD, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

Independence Contract Drilling Inc is engaged in providing land-based contract drilling services for oil and natural gas producers. The company constructs own and operates a premium land rig fleet. It develops and assembles its ShaleDriller series rig which is used for development of oil and gas properties. The company’s customers for contract drilling services in the United States include oil and natural gas companies, an independent oil and natural gas companies, as well as various small to mid-sized publicly-traded and privately held oil and gas companies.

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