Valuation: NorAm Drilling Company AS

Market Cap 1.68B 171M 150M 138M 128M 243M 16.3B 247M 1.65B 642M 8.01B 642M 629M 27.61B P/E 2026 *
11.4x
P/E 2027 * 7.09x
Enterprise Value 1.62B 165M 144M 132M 123M 234M 15.67B 237M 1.59B 617M 7.7B 618M 605M 26.54B EV / Sales 2026 *
1.52x
EV / Sales 2027 * 1.46x
Free-Float
41.36%
Yield 2026 *
10.5%
Yield 2027 * 15.1%
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.($)
+9.75%+9.75% - - 171M
0.00%-2.74%-1.90%+54.35% 24.73B
+0.31%+3.03%-3.00%-25.32% 6.37B
+0.79%-0.89%+33.77%-12.59% 6.06B
+0.30%+0.99%+87.83%-30.27% 5.65B
+1.84%+3.98%+48.16% - 5.59B
+0.32%+1.77%+62.45%+18.16% 5.22B
+3.51%+5.36%-15.71%+9.26% 4.54B
+2.48%-6.96%+44.00%-25.90% 3.29B
+0.21%-5.34%+96.70%-7.91% 3.13B
Average +1.96%-2.42%+39.14%-2.53% 7.18B
Weighted average by Cap. +0.72%-1.98%+24.86%+16.31%

Financials

2026 *2027 *
Net sales 1.06B 108M 94.48M 86.83M 80.93M 154M 10.29B 156M 1.04B 405M 5.06B 406M 397M 17.43B 1.11B 113M 98.77M 90.77M 84.6M 160M 10.76B 163M 1.09B 424M 5.29B 424M 415M 18.22B
Net income 148M 15.04M 13.15M 12.08M 11.26M 21.36M 1.43B 21.68M 145M 56.38M 704M 56.44M 55.23M 2.43B 236M 23.98M 20.97M 19.27M 17.96M 34.06M 2.28B 34.58M 231M 89.92M 1.12B 90.02M 88.09M 3.87B
Net Debt -64.68M -6.58M -5.75M -5.29M -4.93M -9.34M -626M -9.49M -63.45M -24.67M -308M -24.69M -24.16M -1.06B -65.2M -6.63M -5.8M -5.33M -4.97M -9.42M -631M -9.56M -63.96M -24.86M -310M -24.89M -24.36M -1.07B
Logo NorAm Drilling Company AS
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
-
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
38.85NOK
Average target price
56.50NOK
Spread / Average Target
+45.43%

Quarterly revenue - Rate of surprise