Valuation: NorAm Drilling

Market Cap 1.95B 204M 179M 166M 153M 285M 19.7B 292M 1.98B 776M 9.65B 766M 749M 33.37B P/E 2026 *
11.8x
P/E 2027 * 8.28x
Enterprise Value 1.89B 198M 174M 161M 148M 277M 19.11B 283M 1.92B 753M 9.36B 743M 727M 32.36B EV / Sales 2026 *
1.68x
EV / Sales 2027 * 1.65x
Free-Float
41.36%
Yield 2026 *
10.4%
Yield 2027 * 13%
1 day-0.77%
1 week+7.38%
Current month+18.06%
1 month+13.17%
3 months-4.45%
6 months+40.28%
Current year+36.67%
1 week 41.9
Extreme 41.9
46
1 month 37.7
Extreme 37.7
46
Current year 31.55
Extreme 31.55
53.5
1 year 24.15
Extreme 24.15
53.5
3 years 21.8
Extreme 21.8
53.5
5 years 9
Extreme 9
67.8
10 years 5
Extreme 5
67.8
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
Date Insider Type Main position Quantity % Market Cap.
12/19/24 Buy

Investor Relations Manager

2,000 0.0046%
11/28/24 Buy

Chairman

30,000 0.0694%
3/15/23 Buy

Chairman

14,638 0.0339%
Change 5-day change 1-year change 3-year change Capi.($)
-0.77%+7.38%+89.89%-4.45% 205M
+0.35%+2.51%+0.35%+49.74% 24.82B
-1.95%+3.83%+0.86%-21.40% 7.15B
-10.73%+6.66%+50.89%-15.87% 6.88B
+0.56%+4.49%+73.14%-33.95% 5.94B
+0.48%+4.15%+56.96%+7.47% 5.48B
+0.73%-2.76%+39.00% - 5.29B
-5.88%+3.23%-22.89%+14.29% 5.05B
-1.35%+5.81%+65.32%-30.57% 3.93B
+0.77%+5.75%+107.15%-14.08% 3.5B
Average -0.77%+4.48%+46.07%-5.42% 6.82B
Weighted average by Cap. -0.47%+3.45%+27.15%+11.33%

Financials

2026 *2027 *
Net sales 1.13B 118M 104M 95.93M 88.3M 165M 11.37B 169M 1.14B 448M 5.57B 442M 432M 19.25B 1.15B 120M 105M 97.54M 89.79M 167M 11.56B 171M 1.16B 455M 5.66B 449M 440M 19.58B
Net income 167M 17.4M 15.3M 14.18M 13.05M 24.35M 1.68B 24.91M 169M 66.22M 823M 65.33M 63.92M 2.85B 238M 24.85M 21.85M 20.25M 18.64M 34.76M 2.4B 35.56M 241M 94.55M 1.18B 93.28M 91.27M 4.06B
Net Debt -58.81M -6.14M -5.4M -5M -4.61M -8.59M -593M -8.79M -59.57M -23.37M -291M -23.06M -22.56M -1B -62.27M -6.5M -5.72M -5.3M -4.88M -9.1M -628M -9.31M -63.06M -24.74M -308M -24.41M -23.89M -1.06B
Logo NorAm Drilling
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
311
Date Price Change Volume
26-07-24 NOK 45.10 -0.77% 60,843
26-07-23 NOK 45.45 +1.22% 62,344
26-07-22 NOK 44.90 +3.34% 71,457
26-07-21 NOK 43.45 +2.24% 42,628
26-07-20 NOK 42.50 +1.55% 54,204
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
45.10NOK
Average target price
56.50NOK
Spread / Average Target
+25.28%

Quarterly revenue - Rate of surprise

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