Valuation: NorAm Drilling

Market Cap 170.89Cr 17Cr 15Cr 14Cr 13Cr 24Cr 1.62TCr 25Cr 167.3Cr 65Cr 802.94Cr 65Cr 63Cr 2.78TCr P/E 2026 *
11.5x
P/E 2027 * 7.2x
Enterprise Value 164.42Cr 17Cr 15Cr 13Cr 13Cr 24Cr 1.56TCr 24Cr 160.97Cr 62Cr 772.54Cr 62Cr 61Cr 2.68TCr EV / Sales 2026 *
1.55x
EV / Sales 2027 * 1.48x
Free-Float
41.36%
Yield 2026 *
10.3%
Yield 2027 * 14.8%
1 day+0.13%
1 week+1.02%
Current month-13.11%
1 month-20.38%
3 months-16.06%
6 months+25.44%
Current year+19.55%
1 week 38.3
Extreme 38.3
40.75
1 month 38.25
Extreme 38.25
46
Current year 31.55
Extreme 31.55
53.5
1 year 22.15
Extreme 22.15
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.($)
+0.13%+1.02%+74.56%-20.78% 17Cr
+0.17%-2.34%+2.46%+64.04% 2.54TCr
0.00%-7.39%-2.64%-20.03% 614.39Cr
-2.14%-8.04%+43.18%+1.78% 611.54Cr
-1.92%-3.77%+98.06%-15.82% 570.5Cr
-0.69%+0.38%+34.66% - 551.05Cr
-1.25%-2.80%+82.42%+34.67% 528.81Cr
+1.79%-8.06%-18.57%+7.55% 442.9Cr
-1.84%-4.48%+62.27%-19.00% 364.05Cr
-0.62%-3.35%+119.48%-1.20% 337.77Cr
Average -0.64%-4.38%+49.59%+3.47% 658.08Cr
Weighted average by Cap. -0.47%-4.22%+31.26%+25.97%

Financials

2026 *2027 *
Net sales 106.26Cr 11Cr 9.39Cr 8.66Cr 8.1Cr 15Cr 1.01TCr 16Cr 104.03Cr 40Cr 499.27Cr 40Cr 39Cr 1.73TCr 111.08Cr 11Cr 9.82Cr 9.05Cr 8.47Cr 16Cr 1.06TCr 16Cr 108.75Cr 42Cr 521.92Cr 42Cr 41Cr 1.81TCr
Net income 15Cr 1.49Cr 1.31Cr 1.2Cr 1.13Cr 2.11Cr 140.55Cr 2.16Cr 14Cr 5.6Cr 69Cr 5.59Cr 5.47Cr 240.87Cr 24Cr 2.38Cr 2.08Cr 1.92Cr 1.8Cr 3.37Cr 224.17Cr 3.44Cr 23Cr 8.93Cr 110.79Cr 8.92Cr 8.73Cr 384.17Cr
Net Debt -6.47Cr -65.19L -57.15L -52.68L -49.32L -92.49L -61Cr -94.41L -6.33Cr -2.45Cr -30Cr -2.45Cr -2.39Cr -105.38Cr -6.52Cr -65.71L -57.61L -53.11L -49.72L -93.23L -62Cr -95.17L -6.38Cr -2.47Cr -31Cr -2.47Cr -2.41Cr -106.23Cr
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
26/26/26 NOK 39.45 +0.13% 26,093
25/26/25 NOK 39.40 +1.16% 88,819
24/26/24 NOK 38.95 -2.26% 85,475
23/26/23 NOK 39.85 +4.05% 82,532
22/26/22 NOK 38.30 -1.92% 1,10,978
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
39.45NOK
Average target price
56.50NOK
Spread / Average Target
+43.22%

Quarterly revenue - Rate of surprise

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