Valuation: NorAm Drilling Company AS

Market Cap 1.84B 191M 168M 156M 144M 268M 18.3B 273M 1.85B 725M 9.04B 716M 701M 31.18B P/E 2026 *
11.1x
P/E 2027 * 7.81x
Enterprise Value 1.78B 185M 163M 151M 139M 259M 17.72B 264M 1.79B 702M 8.75B 694M 679M 30.19B 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% - - 204M
+2.27%+4.09%+2.63%+48.10% 24.9B
-0.57%+3.70%-0.43%-23.64% 6.95B
+0.35%+4.24%+52.70%-15.19% 6.9B
-1.31%+2.72%+76.00%-37.51% 5.97B
-1.33%+2.52%+55.42%+4.65% 5.51B
-0.33%-1.16%+38.75% - 5.29B
-1.56%+3.28%-24.10%+8.62% 4.78B
-7.75%-6.09%+58.95%-38.90% 3.87B
-4.84%-1.49%+100.90%-21.20% 3.53B
Average -0.42%+3.34%+40.09%-9.38% 7.52B
Weighted average by Cap. -0.11%+3.01%+27.47%+8.75%

Financials

2026 *2027 *
Net sales 1.13B 117M 103M 95.57M 87.85M 164M 11.19B 167M 1.13B 443M 5.53B 438M 429M 19.07B 1.15B 119M 104M 97.18M 89.33M 166M 11.38B 170M 1.15B 451M 5.62B 446M 436M 19.39B
Net income 167M 17.25M 15.18M 14.13M 12.99M 24.2M 1.65B 24.69M 168M 65.52M 817M 64.77M 63.37M 2.82B 238M 24.64M 21.67M 20.17M 18.54M 34.55M 2.36B 35.26M 239M 93.55M 1.17B 92.48M 90.48M 4.02B
Net Debt -58.81M -6.09M -5.36M -4.99M -4.58M -8.54M -584M -8.72M -59.14M -23.13M -288M -22.86M -22.37M -995M -62.27M -6.45M -5.67M -5.28M -4.85M -9.04M -618M -9.23M -62.61M -24.48M -305M -24.2M -23.68M -1.05B
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
42.55NOK
Average target price
56.50NOK
Spread / Average Target
+32.78%

Quarterly revenue - Rate of surprise