Valuation: NorAm Drilling

Market Cap 1.93B 201M 182M 168M 152M 287M 18.9B 295M 2.01B 800M 10.1B 755M 738M 32.16B P/E 2026 *
10.8x
P/E 2027 * 8.16x
Enterprise Value 1.84B 192M 174M 160M 145M 274M 18.05B 282M 1.92B 765M 9.65B 721M 705M 30.72B EV / Sales 2026 *
1.63x
EV / Sales 2027 * 1.52x
Free-Float
45.98%
Yield 2026 *
9.91%
Yield 2027 * 13.2%
1 day-1.55%
1 week-0.34%
Current month-10.03%
1 month-4.52%
3 months-0.89%
6 months-13.79%
Current year+34.55%
1 week 43.15
Extreme 43.15
45.5
1 month 43.15
Extreme 43.15
49.8
Current year 31.55
Extreme 31.55
53.5
1 year 29
Extreme 29
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.($)
-1.55%-0.34%+48.00%-1.11% 205M
+0.17%-0.34%+4.86%+50.65% 25.34B
-2.40%-6.19%-13.32%-22.03% 7.17B
+1.01%+2.90%+38.70%-10.36% 6.74B
+1.04%+5.20%+29.90%-17.97% 5.93B
+1.00%+5.59%+44.80%+17.99% 5.6B
-2.53%+1.56%-2.36%-11.75% 5.13B
-0.77%-1.53%-17.31%+19.44% 4.57B
+2.93%+7.99%+79.98%-11.42% 3.95B
+1.49%+7.27%+39.74%-2.23% 3.66B
Average +0.06%-0.28%+25.30%+1.12% 7B
Weighted average by Cap. +0.10%-0.24%+16.06%+15.01%

Financials

2026 *2027 *
Net sales 1.13B 118M 106M 98.15M 88.84M 168M 11.05B 173M 1.18B 468M 5.91B 441M 432M 18.81B 1.22B 127M 115M 106M 96.24M 182M 11.97B 187M 1.28B 507M 6.4B 478M 468M 20.38B
Net income 183M 19.08M 17.25M 15.92M 14.41M 27.2M 1.79B 28.01M 191M 75.96M 959M 71.6M 70.07M 3.05B 241M 25.21M 22.8M 21.04M 19.05M 35.94M 2.37B 37.02M 253M 100M 1.27B 94.61M 92.6M 4.03B
Net Debt -86.19M -9M -8.14M -7.51M -6.8M -12.83M -846M -13.22M -90.18M -35.84M -452M -33.78M -33.06M -1.44B -72.5M -7.57M -6.85M -6.32M -5.72M -10.79M -712M -11.12M -75.86M -30.15M -381M -28.42M -27.81M -1.21B
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
26-11-12 NOK 44.40 -1.55% 60,388
26-11-11 NOK 45.10 +1.12% 74,006
26-11-10 NOK 44.60 +0.56% 112,126
26-11-09 NOK 44.35 +1.84% 40,949
26-11-06 NOK 43.55 -2.24% 118,907
Trader
Investor
Global
Quality
ESG MSCI
-
MarketScreener Ratings - NorAm Drilling
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
45.10NOK
Average target price
56.50NOK
Spread / Average Target
+25.28%
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