Valuation: NorAm Drilling

Market Cap 2.05B 219M 195M 180M 163M 307M 20.62B 311M 2.16B 848M 10.84B 820M 803M 34.54B P/E 2026 *
11.3x
P/E 2027 * 8.55x
Enterprise Value 1.96B 209M 187M 173M 156M 294M 19.75B 298M 2.07B 812M 10.38B 785M 769M 33.09B EV / Sales 2026 *
1.74x
EV / Sales 2027 * 1.62x
Free-Float
46.41%
Yield 2026 *
9.46%
Yield 2027 * 12.6%
1 day-2.43%
1 week-4.55%
Current month+4.65%
1 month+4.54%
3 months+2.67%
6 months-0.32%
Current year+39.70%
1 week 45.9
Extreme 45.9
49.3
1 month 42.9
Extreme 42.9
49.3
Current year 31.55
Extreme 31.55
53.5
1 year 26.7
Extreme 26.7
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.($)
-2.43%-4.55%+73.96%-1.39% 219M
-0.53%+3.47%-2.07%+60.17% 24.82B
-0.94%-1.85%+4.37%-18.57% 7.33B
-4.72%+6.26%+71.20%-17.54% 6.75B
-4.69%+6.29%+79.80%+30.70% 6.37B
-6.06%-5.71%-1.84%-10.55% 4.86B
-1.64%-2.44%-31.82%+3.45% 4.6B
-5.01%+0.44%+86.84%-15.35% 4.45B
-4.60%-1.23%+58.43%-9.23% 3.82B
-2.59%+5.08%+58.80%+19.16% 3.08B
Average -3.25%+1.32%+39.77%+4.08% 6.63B
Weighted average by Cap. -2.46%+1.80%+24.45%+20.42%

Financials

2026 *2027 *
Net sales 1.13B 120M 107M 99.09M 89.67M 169M 11.33B 171M 1.19B 466M 5.96B 451M 441M 18.98B 1.22B 130M 116M 107M 97.14M 183M 12.28B 185M 1.29B 505M 6.45B 488M 478M 20.56B
Net income 183M 19.49M 17.36M 16.08M 14.55M 27.41M 1.84B 27.73M 193M 75.63M 967M 73.1M 71.58M 3.08B 241M 25.75M 22.95M 21.24M 19.23M 36.22M 2.43B 36.65M 255M 99.94M 1.28B 96.6M 94.58M 4.07B
Net Debt -86.19M -9.19M -8.19M -7.59M -6.86M -12.93M -868M -13.09M -90.94M -35.68M -456M -34.49M -33.77M -1.45B -72.5M -7.73M -6.89M -6.38M -5.77M -10.88M -730M -11.01M -76.5M -30.02M -384M -29.01M -28.41M -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
26-10-22 NOK 46.10 -2.43% 58,266
26-10-21 NOK 47.25 +1.07% 32,734
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
Trader
Investor
Global
Quality
ESG MSCI
-
MarketScreener Ratings - NorAm Drilling
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
47.25NOK
Average target price
56.50NOK
Spread / Average Target
+19.58%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - NorAm Drilling
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