Valuation: NorAm Drilling

Market Cap 1.91B 202M 177M 166M 152M 284M 19.31B 286M 2B 774M 9.84B 757M 740M 31.92B P/E 2026 *
10.8x
P/E 2027 * 8.02x
Enterprise Value 1.85B 195M 171M 161M 147M 274M 18.65B 276M 1.93B 748M 9.51B 731M 715M 30.82B EV / Sales 2026 *
1.67x
EV / Sales 2027 * 1.56x
Free-Float
46.41%
Yield 2026 *
10.9%
Yield 2027 * 13.5%
1 day-0.34%
1 week-5.28%
Current month-6.69%
1 month-7.86%
3 months+14.75%
6 months-1.01%
Current year+33.18%
1 week 42.9
Extreme 42.9
47.4
1 month 42.9
Extreme 42.9
48.35
Current year 31.55
Extreme 31.55
53.5
1 year 26.1
Extreme 26.1
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. Importance
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.($)
-0.34%-5.28%+64.30%-12.10% 202M
+2.66%+0.35%-3.02%+45.48% 24.56B
-0.95%-3.24%+60.57%-11.25% 7.19B
+1.21%-4.45%+11.83%-18.58% 7.12B
-0.36%-1.26%+54.52%-34.73% 6.13B
-0.18%+0.06%+63.57%+8.09% 5.74B
-0.06%-0.88%+7.01% - 4.94B
-2.29%-5.19%-16.88%0.00% 4.88B
-0.63%-7.98%+101.64%-24.33% 4.25B
-0.58%-5.04%+81.47%-8.15% 3.98B
Average +0.30%-4.97%+42.50%-6.17% 6.9B
Weighted average by Cap. +1.13%-3.94%+27.05%+9.35%

Financials

2026 *2027 *
Net sales 1.1B 116M 102M 95.92M 87.7M 164M 11.14B 165M 1.15B 447M 5.68B 437M 427M 18.41B 1.18B 125M 109M 103M 94.07M 176M 11.95B 177M 1.24B 479M 6.09B 468M 458M 19.75B
Net income 178M 18.79M 16.49M 15.51M 14.18M 26.49M 1.8B 26.69M 186M 72.2M 918M 70.57M 69.03M 2.98B 240M 25.34M 22.24M 20.91M 19.11M 35.72M 2.43B 35.98M 251M 97.35M 1.24B 95.16M 93.08M 4.01B
Net Debt -65.44M -6.9M -6.05M -5.69M -5.2M -9.72M -661M -9.8M -68.36M -26.5M -337M -25.91M -25.34M -1.09B -65.44M -6.9M -6.05M -5.69M -5.2M -9.72M -661M -9.8M -68.36M -26.5M -337M -25.91M -25.34M -1.09B
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
26-09-23 NOK 43.95 -0.34% 191,191
26-09-22 NOK 44.10 -2.00% 63,647
26-09-21 NOK 45.00 -2.17% 79,739
26-09-18 NOK 46.00 -1.71% 77,037
26-09-17 NOK 46.80 -0.85% 107,192
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
44.10NOK
Average target price
56.50NOK
Spread / Average Target
+28.12%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. NORAM Stock
-40%: Exceptional extension
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