Valuation : Global Rig Company ASA

Market Cap 2.04B 219M 189M 178M 162M 304M 20.77B 306M 2.1B 817M 10.57B 822M 804M 35.03B P/E 2026 *
11.5x
P/E 2027 * 8.56x
Enterprise Value 1.97B 212M 183M 172M 157M 294M 20.1B 296M 2.03B 791M 10.23B 795M 778M 33.91B EV / Sales 2026 *
1.79x
EV / Sales 2027 * 1.67x
Free-Float
46.41%
Yield 2026 *
10.2%
Yield 2027 * 12.6%
Manager TitleAgeSince
Chief Executive Officer 62 2016-12-31
Chief Operating Officer - 2014-10-31
Investor Relations Contact - 2022-07-31
Director TitleAgeSince
Chairman 60 -
Director/Board Member 53 2022-02-28
Director/Board Member 40 2023-05-31
Change 5-day change 1-year change 3-year change Capi.($)
-0.34%-6.02%+4.90%+40.98% 25.25B
+3.26%+1.60%+7.49%-14.40% 7.38B
+1.20%-0.33%+59.02%-13.10% 7.32B
+2.67%+3.48%+94.44%-29.67% 6.49B
+2.54%+3.07%+79.84%+15.83% 6B
-1.47%-6.18%+22.00% - 5.4B
0.00%0.00%-14.29%+10.00% 5.07B
+1.44%+10.42%+121.60%-14.69% 4.82B
+4.53%+8.04%+114.15%+9.24% 4.36B
Average +1.54%-0.18%+54.35%+0.52% 8.01B
Weighted average by Cap. +1.05%-1.81%+39.29%+11.33%

Financials

2026 *2027 *
Net sales 1.1B 118M 102M 95.99M 87.45M 164M 11.23B 165M 1.13B 442M 5.71B 444M 435M 18.94B 1.18B 127M 109M 103M 93.8M 176M 12.04B 177M 1.22B 474M 6.13B 476M 466M 20.31B
Net income 178M 19.12M 16.5M 15.52M 14.14M 26.58M 1.81B 26.73M 183M 71.4M 923M 71.8M 70.24M 3.06B 240M 25.79M 22.24M 20.92M 19.06M 35.84M 2.45B 36.04M 247M 96.27M 1.24B 96.81M 94.71M 4.13B
Net Debt -65.44M -7.02M -6.05M -5.7M -5.19M -9.76M -666M -9.81M -67.33M -26.21M -339M -26.35M -25.78M -1.12B -65.44M -7.02M -6.05M -5.7M -5.19M -9.76M -666M -9.81M -67.33M -26.21M -339M -26.35M -25.78M -1.12B
Logo Global Rig Company ASA
Noram Drilling AS, formerly NorAm Drilling Company AS, is a Norway-based drilling operator. The Company owns and operates a portfolio of eleven advanced drilling rigs upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is the biggest oil producing region in North America. These rigs are designed to combine the cost efficiency of a compact rig with the versatility of different rig classes, enabling the rigs to cover a broad range of wells for both liquids and gas. NorAm focuses solely on the US land drilling market and has established a solid foothold in the lower US, with operating experience in Louisiana, New Mexico, Oklahoma and Texas. All eleven rigs are operating in Texas in the Permian Basin.
Employees
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Trader
Investor
Global
Quality
ESG MSCI
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