Valuation: NorAm Drilling

Market Cap 185.83Cr 19Cr 17Cr 16Cr 15Cr 27Cr 1.86TCr 28Cr 186.26Cr 73Cr 925.36Cr 73Cr 72Cr 3.05TCr P/E 2026 *
11.2x
P/E 2027 * 7.88x
Enterprise Value 179.95Cr 19Cr 16Cr 15Cr 14Cr 26Cr 1.8TCr 27Cr 180.36Cr 71Cr 896.07Cr 71Cr 69Cr 2.96TCr EV / Sales 2026 *
1.6x
EV / Sales 2027 * 1.57x
Free-Float
41.36%
Yield 2026 *
11%
Yield 2027 * 13.7%
1 week+0.82%
1 month+10.42%
3 months-12.72%
6 months+28.64%
Current year+30.00%
1 week 42.2
Extreme 42.2
44
1 month 37.95
Extreme 37.95
46
Current year 31.55
Extreme 31.55
53.5
1 year 24.5
Extreme 24.5
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.
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.($)
0.00%+0.82%+62.19%-8.24% 20Cr
+1.20%+0.68%+1.20%+49.49% 2.53TCr
-1.07%-1.00%+0.29%-25.27% 717.07Cr
-4.67%-6.24%+57.28%-23.27% 676.88Cr
-3.20%-2.46%+82.62%-39.41% 593.95Cr
-2.99%-2.10%+69.66%+0.27% 548.4Cr
+2.33%-2.17%+39.84% - 504.21Cr
-1.56%0.00%-17.11%+6.78% 491.39Cr
-2.00%+9.14%+85.38%-34.29% 397.84Cr
-1.19%+1.58%+118.14%-23.84% 345.46Cr
Average -0.98%-0.45%+49.95%-10.86% 682.88Cr
Weighted average by Cap. -0.47%+0.50%+31.77%+7.84%

Financials

2026 *2027 *
Net sales 112.72Cr 12Cr 10Cr 9.58Cr 8.8Cr 17Cr 1.13TCr 17Cr 112.98Cr 44Cr 561.31Cr 44Cr 43Cr 1.85TCr 114.62Cr 12Cr 10Cr 9.74Cr 8.94Cr 17Cr 1.14TCr 17Cr 114.88Cr 45Cr 570.76Cr 45Cr 44Cr 1.88TCr
Net income 17Cr 1.75Cr 1.52Cr 1.42Cr 1.3Cr 2.45Cr 166.39Cr 2.49Cr 17Cr 6.54Cr 83Cr 6.56Cr 6.41Cr 273.68Cr 24Cr 2.49Cr 2.17Cr 2.02Cr 1.86Cr 3.5Cr 237.57Cr 3.56Cr 24Cr 9.34Cr 118.47Cr 9.36Cr 9.15Cr 390.76Cr
Net Debt -5.88Cr -61.61L -53.55L -49.99L -45.89L -86.54L -59Cr -88.04L -5.89Cr -2.31Cr -29Cr -2.31Cr -2.26Cr -97Cr -6.23Cr -65.23L -56.69L -52.93L -48.59L -91.62L -62Cr -93.21L -6.24Cr -2.44Cr -31Cr -2.45Cr -2.4Cr -102.27Cr
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
03/26/03 NOK 42.90 0.00% 98,972
31/26/31 NOK 42.90 +0.47% 35,665
30/26/30 NOK 42.70 -0.81% 35,853
29/26/29 NOK 43.05 +0.12% 59,290
28/26/28 NOK 43.00 +1.06% 34,845
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
42.90NOK
Average target price
56.50NOK
Spread / Average Target
+31.70%

Quarterly revenue - Rate of surprise

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