Ratings NorAm Drilling Company AS Norwegian OTC

Equities

NORAM

NO0010360019

End-of-day quote Norwegian OTC Other stock markets 06:00:00 2022-10-06 pm EDT			5-day change	1st Jan Change
43.9 ^NOK	+9.75%		+9.75%	+387.78%

Apr. 10	Noram Drilling as Approves Cash Dividend for April 2024, Payable on or About April 22, 2024	CI
Mar. 07	Noram Drilling as Approves Monthly Cash Distribution for March 2024, Payable on March 18, 2024	CI

Summary

From a short-term investment perspective, the company presents a deteriorated fundamental situation

Strengths

Before interest, taxes, depreciation and amortization, the company's margins are particularly high.
The company returns high margins, thereby supporting business profitability.
Thanks to a sound financial situation, the firm has significant leeway for investment.
The company has a low valuation given the cash flows generated by its activity.
This company will be of major interest to investors in search of a high dividend stock.
Analysts covering this company mostly recommend stock overweighting or purchase.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
The divergence of price targets given by the various analysts who make up the consensus is relatively low, suggesting a consensus method of evaluating the company and its prospects.

Weaknesses

The company's earnings growth outlook lacks momentum and is a weakness.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
For the past year, analysts have significantly revised downwards their profit estimates.
For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
The average price target of analysts who are interested in the stock has been significantly revised downwards over the last four months.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

Ratings chart - Surperformance

Sector: Oil & Gas Drilling

	1st Jan change	Capi.	ESG Refinitiv
NORAM DRILLING COMPANY AS	+387.78%	157M	-
ADNOC DRILLING COMPANY	+2.12%	16.82B	-
CHINA OILFIELD SERVICES LIMITED	+5.51%	9.27B	B-
NOBLE CORPORATION PLC	-7.85%	6.34B	C-
ADES HOLDING COMPANY	-16.75%	5.84B	-
VALARIS LIMITED	-5.12%	4.71B	B
TRANSOCEAN LTD.	-17.80%	4.28B	B-
PATTERSON-UTI ENERGY, INC.	+0.19%	4.36B	B-
HELMERICH & PAYNE, INC.	+8.59%	3.88B	C+
SINOPEC OILFIELD SERVICE CORPORATION	+9.28%	3.87B	B-

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes