Valuation: NorAm Drilling

Market Cap 165.69Cr 17Cr 15Cr 14Cr 13Cr 24Cr 1.59TCr 24Cr 162.52Cr 63Cr 780.24Cr 63Cr 61Cr 2.72TCr P/E 2026 *
11.2x
P/E 2027 * 6.99x
Enterprise Value 159.22Cr 16Cr 14Cr 13Cr 12Cr 23Cr 1.53TCr 23Cr 156.17Cr 61Cr 749.79Cr 60Cr 59Cr 2.61TCr EV / Sales 2026 *
1.5x
EV / Sales 2027 * 1.43x
Free-Float
41.36%
Yield 2026 *
10.6%
Yield 2027 * 15.3%
1 day-1.31%
1 week-4.19%
Current month-1.18%
1 month-17.21%
3 months-19.68%
6 months+12.86%
Current year+14.39%
1 week 37.75
Extreme 37.75
40.65
1 month 37.75
Extreme 37.75
46
Current year 31.55
Extreme 31.55
53.5
1 year 22.2
Extreme 22.2
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

Investor Relations Manager

2,000 0.0046%
Change 5-day change 1-year change 3-year change Capi.($)
-0.78%-4.19%+70.05%-24.04% 17Cr
-1.05%-2.40%-1.73%+56.75% 2.5TCr
+0.16%-2.64%-5.86%-26.70% 616.64Cr
-0.59%-5.34%+35.13%-10.24% 591.6Cr
-0.05%+0.32%+40.61% - 552.85Cr
-0.41%-3.37%+83.08%-30.53% 543.71Cr
-0.19%-4.05%+65.06%+15.14% 501.8Cr
+1.79%-3.45%-22.22%+3.70% 453.35Cr
-6.64%-9.98%+40.49%-28.40% 325.33Cr
-5.56%-5.62%+94.22%-12.78% 308.99Cr
Average -1.55%-4.69%+39.88%-6.34% 640.97Cr
Weighted average by Cap. -1.04%-4.06%+22.86%+16.80%

Financials

2026 *2027 *
Net sales 106.26Cr 11Cr 9.41Cr 8.67Cr 8.07Cr 15Cr 1.02TCr 16Cr 104.22Cr 40Cr 500.38Cr 40Cr 39Cr 1.74TCr 111.08Cr 11Cr 9.84Cr 9.06Cr 8.44Cr 16Cr 1.07TCr 16Cr 108.95Cr 42Cr 523.08Cr 42Cr 41Cr 1.82TCr
Net income 15Cr 1.49Cr 1.31Cr 1.21Cr 1.12Cr 2.12Cr 141.83Cr 2.16Cr 15Cr 5.62Cr 70Cr 5.6Cr 5.48Cr 242.29Cr 24Cr 2.38Cr 2.09Cr 1.92Cr 1.79Cr 3.38Cr 226.21Cr 3.45Cr 23Cr 8.96Cr 111.04Cr 8.93Cr 8.74Cr 386.44Cr
Net Debt -6.47Cr -65.27L -57.3L -52.75L -49.15L -92.69L -62Cr -94.58L -6.34Cr -2.46Cr -30Cr -2.45Cr -2.4Cr -106Cr -6.52Cr -65.79L -57.77L -53.17L -49.55L -93.44L -63Cr -95.34L -6.4Cr -2.48Cr -31Cr -2.47Cr -2.42Cr -106.86Cr
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
02/26/02 NOK 37.95 -0.78% 3,707
01/26/01 NOK 38.25 +0.13% 75,858
30/26/30 NOK 38.20 -1.80% 1,00,532
29/26/29 NOK 38.90 -1.39% 1,18,296
26/26/26 NOK 39.45 +0.13% 26,093
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
38.25NOK
Average target price
56.50NOK
Spread / Average Target
+47.71%

Quarterly revenue - Rate of surprise

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