Valuation: NorAm Drilling Company AS

Market Cap 206.63Cr 22Cr 19Cr 18Cr 16Cr 31Cr 2.13TCr 31Cr 210.34Cr 82Cr 1.07TCr 83Cr 82Cr 3.53TCr P/E 2026 *
11.7x
P/E 2027 * 8.67x
Enterprise Value 200.08Cr 22Cr 18Cr 17Cr 16Cr 30Cr 2.06TCr 30Cr 203.68Cr 79Cr 1.03TCr 81Cr 79Cr 3.42TCr EV / Sales 2026 *
1.81x
EV / Sales 2027 * 1.69x
Free-Float
41.36%
Yield 2026 *
10.1%
Yield 2027 * 12.5%
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
Change 5-day change 1-year change 3-year change Capi.($)
+9.75%+9.75% - - 22Cr
+0.16%+3.53%+11.80%+49.51% 2.68TCr
-1.51%+2.59%+61.28%-8.68% 738.66Cr
+0.67%+8.64%+0.74%-18.55% 721.63Cr
-1.50%+2.78%+94.74%-24.30% 661.19Cr
-1.39%+2.50%+78.48%+19.81% 609.37Cr
+1.34%+4.81%+28.54% - 550.18Cr
+1.52%+3.08%-17.28%+15.52% 493.61Cr
+1.31%+8.53%+112.39%-13.16% 470.63Cr
-1.25%-1.47%+130.18%+7.74% 435.23Cr
Average +0.91%+4.07%+55.65%+3.49% 818.06Cr
Weighted average by Cap. -0.04%+3.96%+41.38%+16.71%

Financials

2026 *2027 *
Net sales 110.29Cr 12Cr 10Cr 9.5Cr 8.7Cr 16Cr 1.13TCr 17Cr 112.27Cr 44Cr 569.86Cr 45Cr 44Cr 1.88TCr 118.3Cr 13Cr 11Cr 10Cr 9.33Cr 18Cr 1.22TCr 18Cr 120.42Cr 47Cr 611.23Cr 48Cr 47Cr 2.02TCr
Net income 18Cr 1.92Cr 1.64Cr 1.54Cr 1.41Cr 2.64Cr 183.36Cr 2.67Cr 18Cr 7.08Cr 92Cr 7.2Cr 7.04Cr 304.67Cr 24Cr 2.58Cr 2.21Cr 2.07Cr 1.9Cr 3.56Cr 247.24Cr 3.61Cr 24Cr 9.54Cr 124.2Cr 9.7Cr 9.49Cr 410.81Cr
Net Debt -6.54Cr -70.35L -60.26L -56.38L -51.61L -96.86L -67Cr -98.14L -6.66Cr -2.6Cr -34Cr -2.64Cr -2.58Cr -111.83Cr -6.54Cr -70.35L -60.26L -56.38L -51.61L -96.86L -67Cr -98.14L -6.66Cr -2.6Cr -34Cr -2.64Cr -2.58Cr -111.83Cr
Logo NorAm Drilling Company AS
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
-
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
47.70NOK
Average target price
56.50NOK
Spread / Average Target
+18.45%

Quarterly revenue - Rate of surprise