Valuation: NorAm Drilling

Market Cap 2.03B 216M 192M 178M 161M 303M 20.42B 308M 2.13B 838M 10.68B 808M 792M 34.08B P/E 2026 *
11.2x
P/E 2027 * 8.46x
Enterprise Value 1.94B 206M 184M 170M 154M 290M 19.55B 295M 2.04B 802M 10.23B 774M 758M 32.63B EV / Sales 2026 *
1.72x
EV / Sales 2027 * 1.6x
Free-Float
46.41%
Yield 2026 *
9.56%
Yield 2027 * 12.8%
1 day+2.03%
1 week+1.27%
Current month+8.29%
1 month+6.00%
3 months+9.78%
6 months+4.72%
Current year+44.55%
1 week 46.2
Extreme 46.2
49.3
1 month 42.9
Extreme 42.9
49.3
Current year 31.55
Extreme 31.55
53.5
1 year 26.5
Extreme 26.5
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.($)
+2.03%+1.27%+75.37%+2.03% 216M
+1.25%+2.17%-2.41%+59.89% 24.34B
-1.84%-5.14%+8.49%-17.86% 7.47B
-1.19%+3.01%+76.90%-18.72% 6.5B
-1.16%+3.27%+80.45%+27.62% 6.13B
-0.56%+1.96%+2.94%-7.09% 4.77B
-0.81%-5.43%-27.38%+5.17% 4.62B
-3.49%+0.95%+101.56%-14.99% 4.44B
-0.05%-2.30%+61.92%-9.46% 3.82B
-1.02%-2.57%+57.51%+17.10% 2.99B
Average -0.68%+0.78%+43.53%+4.37% 6.53B
Weighted average by Cap. -0.35%+0.26%+26.96%+20.08%

Financials

2026 *2027 *
Net sales 1.13B 120M 107M 98.76M 89.49M 168M 11.34B 171M 1.18B 466M 5.93B 449M 440M 18.93B 1.22B 130M 115M 107M 96.94M 182M 12.28B 185M 1.28B 504M 6.43B 486M 476M 20.51B
Net income 183M 19.42M 17.29M 16.02M 14.52M 27.29M 1.84B 27.74M 192M 75.53M 963M 72.85M 71.34M 3.07B 241M 25.67M 22.85M 21.17M 19.19M 36.06M 2.43B 36.66M 254M 99.8M 1.27B 96.27M 94.28M 4.06B
Net Debt -86.19M -9.16M -8.16M -7.56M -6.85M -12.87M -868M -13.09M -90.71M -35.63M -454M -34.37M -33.66M -1.45B -72.5M -7.71M -6.86M -6.36M -5.76M -10.83M -730M -11.01M -76.3M -29.98M -382M -28.91M -28.31M -1.22B
Projected Income Statement - Annual - NorAm Drilling
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
26-10-21 NOK 47.70 +2.03% 4,534
26-10-20 NOK 46.75 -3.71% 78,440
26-10-19 NOK 48.55 -0.10% 60,752
26-10-16 NOK 48.60 +0.62% 150,285
26-10-15 NOK 48.30 +2.55% 334,021
Trader
Investor
Global
Quality
ESG MSCI
-
MarketScreener Ratings - NorAm Drilling
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
46.75NOK
Average target price
56.50NOK
Spread / Average Target
+20.86%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - NorAm Drilling
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