Valuation: NorAm Drilling

Market Cap 171.76Cr 18Cr 15Cr 14Cr 13Cr 25Cr 1.68TCr 25Cr 170.57Cr 66Cr 821.05Cr 66Cr 64Cr 2.85TCr P/E 2026 *
11.6x
P/E 2027 * 7.24x
Enterprise Value 165.29Cr 17Cr 15Cr 14Cr 13Cr 24Cr 1.61TCr 24Cr 164.15Cr 64Cr 790.13Cr 63Cr 62Cr 2.74TCr EV / Sales 2026 *
1.56x
EV / Sales 2027 * 1.49x
Free-Float
41.36%
Yield 2026 *
10.3%
Yield 2027 * 14.8%
1 day+2.27%
1 week+6.43%
Current month+6.15%
1 month-5.15%
3 months-15.52%
6 months+19.62%
Current year+22.88%
1 week 37.95
Extreme 37.95
41.25
1 month 37.7
Extreme 37.7
45.4
Current year 31.55
Extreme 31.55
53.5
1 year 23.05
Extreme 23.05
53.5
3 years 21.8
Extreme 21.8
54.5
5 years 9
Extreme 9
67.8
10 years 5
Extreme 5
78
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.
19/24/19Buy

Investor Relations Manager

2,000 0.0046%
28/24/28Buy

Chairman

30,000 0.0694%
15/23/15Buy

Chairman

14,638 0.0339%
Change 5-day change 1-year change 3-year change Capi.($)
+2.14%+6.43%+71.82%-24.91% 18Cr
+1.41%+0.88%-0.86%+57.10% 2.47TCr
-0.61%+4.31%-1.95%-24.07% 657.85Cr
+0.52%+2.60%+47.22% - 566.29Cr
+4.18%+7.39%+78.50%-32.34% 583.9Cr
+4.16%+7.22%+58.84%+16.63% 538.02Cr
-1.67%+3.51%-18.06%+9.26% 451.59Cr
+6.01%+13.19%+46.97%-25.44% 368.23Cr
+3.68%+6.73%+91.08%-8.86% 329.77Cr
-0.22%+0.38%+6.37%-44.36% 217.56Cr
Average +1.63%+3.86%+37.99%-8.55% 619.93Cr
Weighted average by Cap. +1.40%+2.49%+23.01%+17.22%

Financials

2026 *2027 *
Net sales 106.26Cr 11Cr 9.51Cr 8.78Cr 8.11Cr 15Cr 1.04TCr 16Cr 105.53Cr 41Cr 507.96Cr 41Cr 40Cr 1.76TCr 111.08Cr 11Cr 9.94Cr 9.18Cr 8.48Cr 16Cr 1.09TCr 16Cr 110.32Cr 43Cr 531Cr 43Cr 42Cr 1.84TCr
Net income 15Cr 1.51Cr 1.32Cr 1.22Cr 1.13Cr 2.14Cr 144.42Cr 2.18Cr 15Cr 5.7Cr 71Cr 5.66Cr 5.54Cr 245.33Cr 24Cr 2.41Cr 2.11Cr 1.95Cr 1.8Cr 3.41Cr 230.34Cr 3.48Cr 23Cr 9.1Cr 112.72Cr 9.03Cr 8.84Cr 391.29Cr
Net Debt -6.47Cr -65.99L -57.88L -53.43L -49.38L -93.59L -63Cr -95.46L -6.42Cr -2.5Cr -31Cr -2.48Cr -2.42Cr -107.33Cr -6.52Cr -66.52L -58.34L -53.86L -49.77L -94.34L -64Cr -96.23L -6.48Cr -2.52Cr -31Cr -2.5Cr -2.44Cr -108.2Cr
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
09/26/09 NOK 40.50 +2.14% 25,253
08/26/08 NOK 39.65 +2.99% 88,102
07/26/07 NOK 38.50 +1.32% 48,719
06/26/06 NOK 38.00 -2.19% 64,535
03/26/03 NOK 38.85 +1.97% 1,02,453
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
39.65NOK
Average target price
56.50NOK
Spread / Average Target
+42.50%

Quarterly revenue - Rate of surprise

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