Valuation: NorAm Drilling

Market Cap 1.91B 201M 177M 166M 152M 281M 19.24B 285M 1.99B 772M 9.83B 755M 738M 31.73B P/E 2026 *
10.8x
P/E 2027 * 7.99x
Enterprise Value 1.84B 194M 171M 160M 147M 272M 18.58B 276M 1.92B 746M 9.49B 729M 713M 30.64B 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
+1.90%-3.24%+60.57%-11.25% 7.19B
+1.21%-4.45%+11.83%-18.58% 7.12B
-0.36%-7.91%+61.36%-32.80% 6.13B
-0.18%-6.42%+65.04%+11.34% 5.74B
-0.06%-0.88%+7.01% - 4.94B
-2.29%-5.19%-16.88%0.00% 4.88B
-0.63%-12.90%+105.38%-23.55% 4.25B
-0.58%-8.95%+86.25%-7.61% 3.98B
Average +0.31%-4.97%+44.18%-5.45% 6.9B
Weighted average by Cap. +1.14%-3.94%+28.29%+9.91%

Financials

2026 *2027 *
Net sales 1.1B 116M 102M 95.88M 87.85M 163M 11.14B 165M 1.15B 447M 5.69B 437M 427M 18.36B 1.18B 125M 110M 103M 94.23M 175M 11.94B 177M 1.24B 479M 6.1B 468M 458M 19.69B
Net income 178M 18.81M 16.52M 15.5M 14.2M 26.33M 1.8B 26.71M 186M 72.23M 920M 70.6M 69.06M 2.97B 240M 25.36M 22.27M 20.9M 19.15M 35.5M 2.43B 36.01M 251M 97.39M 1.24B 95.2M 93.12M 4B
Net Debt -65.44M -6.9M -6.06M -5.69M -5.21M -9.67M -661M -9.8M -68.34M -26.51M -338M -25.92M -25.35M -1.09B -65.44M -6.9M -6.06M -5.69M -5.21M -9.67M -661M -9.8M -68.34M -26.51M -338M -25.92M -25.35M -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
43.95NOK
Average target price
56.50NOK
Spread / Average Target
+28.56%

Quarterly revenue - Rate of surprise

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