Valuation: NorAm Drilling

Market Cap 191.21Cr 20Cr 18Cr 17Cr 15Cr 28Cr 1.93TCr 29Cr 199.75Cr 77Cr 984.41Cr 76Cr 74Cr 3.19TCr P/E 2026 *
10.8x
P/E 2027 * 8.02x
Enterprise Value 184.66Cr 19Cr 17Cr 16Cr 15Cr 27Cr 1.86TCr 28Cr 192.91Cr 75Cr 950.72Cr 73Cr 72Cr 3.08TCr EV / Sales 2026 *
1.67x
EV / Sales 2027 * 1.56x
Free-Float
46.41%
Yield 2026 *
10.9%
Yield 2027 * 13.5%
1 day-0.34%
1 week-6.89%
Current month-6.69%
1 month-7.47%
3 months+10.29%
6 months+0.11%
Current year+33.18%
1 week 42.9
Extreme 42.9
47.4
1 month 42.9
Extreme 42.9
48.35
Current year 31.55
Extreme 31.55
53.5
1 year 26.1
Extreme 26.1
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 01/01/2017
Chief Operating Officer - 01/11/2014
Investor Relations Contact - 01/08/2022
Director TitleAgeSince
Chairman 60 -
Director/Board Member 53 01/03/2022
Director/Board Member 40 01/06/2023
Date Insider Type Main position Quantity % Market Cap. Importance
19/12/24 Buy

Investor Relations Manager

2,000 0.0046%
28/11/24 Buy

Chairman

30,000 0.0694%
15/03/23 Buy

Chairman

14,638 0.0339%
Change 5-day change 1-year change 3-year change Capi.($)
-0.34%-6.89%+63.69%-8.72% 20Cr
+2.66%+0.35%-3.02%+45.48% 2.46TCr
-1.10%-3.24%+60.57%-11.25% 719.03Cr
+1.21%-4.45%+11.83%-18.58% 711.83Cr
-0.09%-0.99%+54.94%-34.55% 613.17Cr
-0.19%+0.13%+63.69%+8.17% 574.37Cr
-0.06%-0.88%+7.01% - 493.95Cr
-2.29%-5.19%-16.88%0.00% 487.98Cr
-0.67%-8.00%+101.60%-24.35% 424.86Cr
-0.60%-5.28%+81.01%-8.38% 397.66Cr
Average -0.15%-4.97%+42.44%-5.80% 689.87Cr
Weighted average by Cap. +0.69%-3.94%+27.07%+9.37%

Financials

2026 *2027 *
Net sales 110.29Cr 12Cr 10Cr 9.59Cr 8.77Cr 16Cr 1.11TCr 17Cr 115.22Cr 45Cr 567.82Cr 44Cr 43Cr 1.84TCr 118.3Cr 12Cr 11Cr 10Cr 9.41Cr 18Cr 1.19TCr 18Cr 123.58Cr 48Cr 609.04Cr 47Cr 46Cr 1.97TCr
Net income 18Cr 1.88Cr 1.65Cr 1.55Cr 1.42Cr 2.65Cr 180.02Cr 2.67Cr 19Cr 7.22Cr 92Cr 7.06Cr 6.9Cr 297.58Cr 24Cr 2.53Cr 2.22Cr 2.09Cr 1.91Cr 3.57Cr 242.74Cr 3.6Cr 25Cr 9.74Cr 123.76Cr 9.52Cr 9.31Cr 401.26Cr
Net Debt -6.54Cr -68.98L -60.55L -56.91L -52.04L -97.24L -66Cr -97.96L -6.84Cr -2.65Cr -34Cr -2.59Cr -2.53Cr -109.23Cr -6.54Cr -68.98L -60.55L -56.91L -52.04L -97.24L -66Cr -97.96L -6.84Cr -2.65Cr -34Cr -2.59Cr -2.53Cr -109.23Cr
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
23/26/23 NOK 43.95 -0.34% 1,91,191
22/26/22 NOK 44.10 -2.00% 63,647
21/26/21 NOK 45.00 -2.17% 79,739
18/26/18 NOK 46.00 -1.71% 77,037
17/26/17 NOK 46.80 -0.85% 1,07,192
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
44.10NOK
Average target price
56.50NOK
Spread / Average Target
+28.12%

Quarterly revenue - Rate of surprise

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