Permex Petroleum (OTCMKTS:OILCF – Get Rating) and Independence Contract Drilling (NYSE:ICD – Get Rating) are both small-cap oils/energy companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, risk, earnings, dividends, analyst recommendations, institutional ownership and profitability.
Valuation and Earnings
This table compares Permex Petroleum and Independence Contract Drilling’s top-line revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Permex Petroleum | $880,000.00 | 7.80 | -$2.71 million | N/A | N/A |
| Independence Contract Drilling | $186.71 million | 0.24 | -$65.32 million | ($1.62) | -2.01 |
Permex Petroleum has higher earnings, but lower revenue than Independence Contract Drilling.
Analyst Ratings
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Permex Petroleum | 0 | 0 | 1 | 0 | 3.00 |
| Independence Contract Drilling | 0 | 0 | 0 | 0 | N/A |
Profitability
This table compares Permex Petroleum and Independence Contract Drilling’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Permex Petroleum | N/A | N/A | N/A |
| Independence Contract Drilling | -10.03% | -13.08% | -6.30% |
Insider & Institutional Ownership
42.3% of Independence Contract Drilling shares are held by institutional investors. 1.3% of Independence Contract Drilling shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Summary
Permex Petroleum beats Independence Contract Drilling on 6 of the 9 factors compared between the two stocks.
About Permex Petroleum
Permex Petroleum Corporation is a junior oil & gas company with assets and operations across the Permian Basin of West Texas and the Delaware Sub-Basin of New Mexico. Permex Petroleum Corporation is based in VANCOUVER, British Columbia.
About Independence Contract Drilling
Independence Contract Drilling, Inc. engages in the provision of land-based contract drilling services for oil and natural gas producers. It develops and assembles the sharedriller series rig design. Its series are AC programmable, and energy efficient BiFuel. The company was founded by Philip A. Choyce and Byron A. Dunn on November 4, 2011 and is headquartered in Houston, TX.
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