Valuation: NorAm Drilling Company AS

Market Cap 184.32Cr 19Cr 17Cr 16Cr 14Cr 27Cr 1.83TCr 27Cr 185.52Cr 72Cr 903.16Cr 72Cr 70Cr 3.12TCr P/E 2026 *
11.1x
P/E 2027 * 7.81x
Enterprise Value 178.44Cr 18Cr 16Cr 15Cr 14Cr 26Cr 1.77TCr 26Cr 179.6Cr 70Cr 874.34Cr 69Cr 68Cr 3.02TCr EV / Sales 2026 *
1.58x
EV / Sales 2027 * 1.55x
Free-Float
41.36%
Yield 2026 *
11.1%
Yield 2027 * 13.8%
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
Change 5-day change 1-year change 3-year change Capi.($)
+9.75%+9.75% - - 20Cr
+2.27%+5.41%+2.63%+50.77% 2.49TCr
-1.14%-1.42%-0.57%-23.90% 694.92Cr
-1.31%+5.18%+76.00%-35.61% 597.3Cr
-1.33%+4.79%+55.42%+5.75% 550.76Cr
-0.33%+0.39%+38.11% - 529.43Cr
0.00%-7.58%-25.61%+5.17% 478.31Cr
-7.75%-6.83%+58.95%-39.45% 387.21Cr
-4.84%-0.18%+100.90%-24.66% 353.16Cr
+0.11%+6.51%+26.34%+217.50% 229.02Cr
Average -0.65%+3.11%+36.91%+19.45% 701.15Cr
Weighted average by Cap. -0.33%+2.67%+24.48%+20.76%

Financials

2026 *2027 *
Net sales 112.72Cr 12Cr 10Cr 9.55Cr 8.77Cr 16Cr 1.12TCr 17Cr 113.46Cr 44Cr 552.35Cr 44Cr 43Cr 1.91TCr 114.62Cr 12Cr 10Cr 9.71Cr 8.91Cr 17Cr 1.14TCr 17Cr 115.37Cr 45Cr 561.65Cr 45Cr 44Cr 1.94TCr
Net income 17Cr 1.72Cr 1.52Cr 1.41Cr 1.3Cr 2.43Cr 165.36Cr 2.47Cr 17Cr 6.55Cr 82Cr 6.47Cr 6.33Cr 282.22Cr 24Cr 2.46Cr 2.16Cr 2.01Cr 1.85Cr 3.47Cr 236.1Cr 3.52Cr 24Cr 9.35Cr 116.58Cr 9.24Cr 9.04Cr 402.95Cr
Net Debt -5.88Cr -60.86L -53.5L -49.8L -45.74L -85.88L -58Cr -87.02L -5.92Cr -2.31Cr -29Cr -2.28Cr -2.24Cr -100Cr -6.23Cr -64.43L -56.64L -52.73L -48.42L -90.93L -62Cr -92.13L -6.27Cr -2.45Cr -31Cr -2.42Cr -2.37Cr -105.46Cr
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
42.55NOK
Average target price
56.50NOK
Spread / Average Target
+32.78%

Quarterly revenue - Rate of surprise