Valuation: NorAm Drilling Company AS

Market Cap 1.65B 168M 147M 135M 125M 238M 15.98B 241M 1.62B 630M 7.84B 629M 615M 27.19B P/E 2026 *
11.4x
P/E 2027 * 7.09x
Enterprise Value 1.58B 161M 141M 130M 120M 229M 15.35B 232M 1.55B 605M 7.54B 604M 591M 26.13B EV / Sales 2026 *
1.49x
EV / Sales 2027 * 1.42x
Free-Float
41.36%
Yield 2026 *
10.5%
Yield 2027 * 15.1%
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
Change 5-day change 1-year change 3-year change Capi.($)
+9.75%+9.75% - - 171M
0.00%-2.74%-1.90%+54.35% 24.73B
+0.31%+3.03%-3.00%-25.32% 6.37B
-1.12%-0.89%+33.77%-12.59% 6.06B
-1.88%-1.49%+83.21%-31.99% 5.65B
+1.84%+3.98%+48.16% - 5.59B
-1.64%-0.36%+59.05%+15.69% 5.22B
+3.51%+5.36%-15.71%+9.26% 4.54B
-0.98%-10.31%+38.82%-28.57% 3.29B
-1.96%-8.22%+90.72%-10.71% 3.13B
Average +0.75%-2.42%+37.01%-3.73% 7.18B
Weighted average by Cap. -0.10%-1.98%+23.63%+15.63%

Financials

2026 *2027 *
Net sales 1.06B 108M 94.71M 87.23M 80.97M 154M 10.31B 156M 1.04B 406M 5.06B 406M 397M 17.55B 1.11B 113M 99M 91.19M 84.64M 161M 10.78B 163M 1.09B 425M 5.29B 425M 415M 18.35B
Net income 148M 15.05M 13.18M 12.14M 11.27M 21.39M 1.44B 21.68M 145M 56.54M 704M 56.5M 55.26M 2.44B 236M 24M 21.02M 19.36M 17.97M 34.12M 2.29B 34.58M 232M 90.17M 1.12B 90.11M 88.14M 3.9B
Net Debt -64.68M -6.58M -5.76M -5.31M -4.93M -9.36M -628M -9.49M -63.56M -24.74M -308M -24.72M -24.18M -1.07B -65.2M -6.64M -5.81M -5.35M -4.97M -9.43M -633M -9.56M -64.07M -24.93M -311M -24.92M -24.37M -1.08B
Logo NorAm Drilling Company AS
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
-
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
38.85NOK
Average target price
56.50NOK
Spread / Average Target
+45.43%

Quarterly revenue - Rate of surprise