Valuation: NorAm Drilling

Market Cap 1.93B 205M 177M 166M 151M 283M 19.59B 289M 1.95B 764M 9.82B 769M 752M 32.64B P/E 2026 *
10.9x
P/E 2027 * 8.09x
Enterprise Value 1.86B 198M 171M 161M 146M 273M 18.93B 279M 1.88B 738M 9.49B 743M 727M 31.54B EV / Sales 2026 *
1.69x
EV / Sales 2027 * 1.57x
Free-Float
41.36%
Yield 2026 *
10.8%
Yield 2027 * 13.4%
1 day-1.87%
1 week+0.68%
Current month+3.73%
1 month+6.33%
3 months-15.24%
6 months+17.41%
Current year+34.85%
1 week 44.05
Extreme 44.05
45.95
1 month 41.9
Extreme 41.9
46
Current year 31.55
Extreme 31.55
53.5
1 year 24.9
Extreme 24.9
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.
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.($)
-1.87%+0.68%+70.83%-5.22% 208M
+1.51%+2.55%+7.28%+48.04% 25.91B
+0.18%+3.74%+67.89%-11.95% 7.21B
+5.08%+5.23%+1.38%-20.56% 6.9B
-0.85%+1.75%+97.29%-27.70% 6.56B
-0.82%+0.96%+91.04%+16.59% 6.05B
+2.16%+7.57%+26.17% - 5.44B
+1.54%+1.54%-19.51%+11.86% 4.87B
-0.74%+10.33%+125.37%-16.49% 4.66B
-0.63%+5.54%+149.80%+7.75% 4.47B
Average +0.56%+3.70%+61.75%+0.26% 7.23B
Weighted average by Cap. +1.07%+2.73%+44.16%+14.21%

Financials

2026 *2027 *
Net sales 1.1B 117M 101M 95.14M 86.62M 162M 11.21B 165M 1.12B 437M 5.62B 440M 430M 18.68B 1.18B 126M 109M 102M 92.91M 173M 12.02B 177M 1.2B 469M 6.03B 472M 462M 20.03B
Net income 178M 18.94M 16.36M 15.38M 14M 26.14M 1.81B 26.74M 180M 70.66M 908M 71.12M 69.57M 3.02B 240M 25.54M 22.06M 20.74M 18.88M 35.24M 2.44B 36.05M 243M 95.27M 1.22B 95.89M 93.8M 4.07B
Net Debt -65.44M -6.95M -6.01M -5.64M -5.14M -9.59M -665M -9.81M -66.22M -25.94M -333M -26.1M -25.54M -1.11B -65.44M -6.95M -6.01M -5.64M -5.14M -9.59M -665M -9.81M -66.22M -25.94M -333M -26.1M -25.54M -1.11B
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
26-08-18 NOK 44.50 -1.87% 71,343
26-08-17 NOK 45.35 -0.33% 88,126
26-08-14 NOK 45.50 +0.66% 93,132
26-08-13 NOK 45.20 +0.89% 76,426
26-08-12 NOK 44.80 +0.56% 54,909
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
44.50NOK
Average target price
56.50NOK
Spread / Average Target
+26.97%

Quarterly revenue - Rate of surprise

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