Valuation: NorAm Drilling Company AS

Market Cap 1.84B 190M 166M 153M 141M 267M 18.3B 272M 1.83B 718M 8.94B 714M 698M 30.82B P/E 2026 *
11.1x
P/E 2027 * 7.8x
Enterprise Value 1.78B 184M 161M 148M 136M 259M 17.71B 263M 1.77B 695M 8.66B 691M 676M 29.84B EV / Sales 2026 *
1.58x
EV / Sales 2027 * 1.55x
Free-Float
41.36%
Yield 2026 *
11.1%
Yield 2027 * 13.8%
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
Change 5-day change 1-year change 3-year change Capi.($)
+9.75%+9.75% - - 190M
-1.22%-0.88%-0.53%+54.64% 24.95B
+3.52%+1.41%+35.54%-19.94% 6.65B
-1.31%+8.13%-1.60%-24.83% 6.7B
-2.35%-0.76%+96.59%-34.55% 5.93B
+0.48%-2.70%+38.76% - 5.49B
-1.82%-0.84%+65.11%+10.42% 5.44B
-4.69%+5.17%-25.61%+7.02% 4.78B
-2.38%-1.03%+61.89%-32.63% 3.74B
-1.35%+0.64%+114.67%-13.20% 3.37B
Average -0.14%+4.92%+42.76%-6.63% 7.45B
Weighted average by Cap. -1.06%+3.47%+27.56%+12.72%

Financials

2026 *2027 *
Net sales 1.13B 117M 102M 94.01M 86.42M 164M 11.22B 167M 1.12B 440M 5.48B 438M 428M 18.89B 1.15B 119M 104M 95.59M 87.87M 166M 11.4B 169M 1.14B 448M 5.57B 445M 435M 19.21B
Net income 167M 17.23M 15.06M 13.9M 12.77M 24.2M 1.66B 24.62M 166M 65.1M 810M 64.71M 63.29M 2.79B 238M 24.6M 21.51M 19.84M 18.24M 34.56M 2.37B 35.15M 237M 92.94M 1.16B 92.39M 90.36M 3.99B
Net Debt -58.81M -6.08M -5.32M -4.9M -4.51M -8.54M -585M -8.69M -58.56M -22.98M -286M -22.84M -22.34M -986M -62.27M -6.44M -5.63M -5.19M -4.77M -9.04M -620M -9.2M -61.99M -24.32M -303M -24.18M -23.65M -1.04B
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
BUY
Number of Analysts
2
Last Close Price
42.45NOK
Average target price
56.50NOK
Spread / Average Target
+33.10%

Quarterly revenue - Rate of surprise