Valuation: NorAm Drilling

Market Cap 2.12B 229M 205M 190M 172M 321M 21.78B 325M 2.27B 903M 11.4B 858M 840M 36.17B P/E 2026 *
11.7x
P/E 2027 * 8.84x
Enterprise Value 2.03B 219M 197M 182M 165M 308M 20.89B 312M 2.18B 866M 10.93B 823M 806M 34.7B EV / Sales 2026 *
1.8x
EV / Sales 2027 * 1.68x
Free-Float
46.41%
Yield 2026 *
9.15%
Yield 2027 * 12.2%
1 day+1.14%
1 week+4.49%
Current month+10.90%
1 month+10.52%
3 months+14.81%
6 months+3.61%
Current year+48.03%
1 week 45.6
Extreme 45.6
49
1 month 43
Extreme 43
49.3
Current year 31.55
Extreme 31.55
53.5
1 year 26.95
Extreme 26.95
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. Importance
12/19/24 A Buy

Investor Relations Manager

2,000 0.0046%
11/28/24 A Buy

Chairman

30,000 0.0694%
3/15/23 A Buy

Chairman

14,638 0.0339%
Change 5-day change 1-year change 3-year change Capi.($)
+1.14%+4.49%+78.61%+3.17% 224M
-0.87%+2.50%-0.69%+60.50% 25.17B
+1.25%+1.44%+7.29%-18.94% 7.61B
+4.00%+5.70%+48.65%-2.46% 7.22B
+3.87%+15.29%+73.83%+2.44% 7.22B
+3.48%+15.03%+79.46%+53.29% 6.82B
+3.19%+8.34%+92.07%-3.15% 4.66B
+2.44%+2.44%-21.25%+8.62% 4.59B
+5.74%+113.70%+127.76%+88.97% 4.82B
+5.31%+9.51%+64.61%+5.98% 3.97B
Average +2.01%+4.18%+55.04%+19.84% 7.23B
Weighted average by Cap. +1.04%+4.25%+37.14%+30.70%

Financials

2026 *2027 *
Net sales 1.13B 122M 109M 101M 91.31M 171M 11.58B 173M 1.21B 480M 6.06B 456M 446M 19.23B 1.22B 132M 118M 109M 98.91M 185M 12.54B 187M 1.31B 520M 6.56B 494M 484M 20.83B
Net income 183M 19.72M 17.69M 16.36M 14.81M 27.68M 1.88B 28.01M 196M 77.9M 983M 74M 72.44M 3.12B 241M 26.06M 23.38M 21.62M 19.58M 36.58M 2.48B 37.02M 258M 103M 1.3B 97.79M 95.73M 4.12B
Net Debt -86.19M -9.3M -8.35M -7.72M -6.99M -13.06M -886M -13.22M -92.28M -36.75M -464M -34.92M -34.18M -1.47B -72.5M -7.83M -7.02M -6.49M -5.88M -10.98M -745M -11.12M -77.62M -30.92M -390M -29.37M -28.75M -1.24B
Projected Income Statement - Annual - NorAm Drilling
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
28/10/26 NOK 48.85 +1.14% 122,185
27/10/26 NOK 48.30 +1.26% 72,574
26/10/26 NOK 47.70 +2.80% 68,148
23/10/26 NOK 46.40 +1.09% 54,848
22/10/26 NOK 45.90 -2.86% 66,392
Trader
Investor
Global
Quality
ESG MSCI
-
MarketScreener Ratings - NorAm Drilling
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
48.85NOK
Average target price
56.50NOK
Spread / Average Target
+15.66%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - NorAm Drilling
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