Valuation: NorAm Drilling Company AS

Market Cap 1.85B 193M 168M 157M 144M 272M 18.4B 275M 1.85B 722M 9.2B 726M 710M 30.47B P/E 2026 *
11.2x
P/E 2027 * 7.83x
Enterprise Value 1.79B 187M 163M 152M 139M 263M 17.81B 266M 1.79B 699M 8.9B 703M 688M 29.5B EV / Sales 2026 *
1.59x
EV / Sales 2027 * 1.56x
Free-Float
41.36%
Yield 2026 *
11%
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% - - 193M
-0.33%+5.39%+5.03%+53.42% 26.47B
-1.43%-3.78%-1.29%-27.12% 7.06B
-2.25%+3.11%+56.06%-23.11% 6.52B
-2.39%+3.94%+76.80%-36.72% 5.83B
-2.28%+3.69%+61.02%+2.04% 5.41B
-0.16%+8.83%+26.30% - 5.37B
+2.36%+1.56%-15.58%+10.17% 4.93B
-3.27%+6.22%+77.28%-34.80% 3.83B
-3.02%+1.18%+116.88%-22.42% 3.45B
Average -0.37%+4.18%+44.72%-9.82% 7.65B
Weighted average by Cap. -1.05%+4.21%+29.48%+11.16%

Financials

2026 *2027 *
Net sales 1.13B 118M 102M 95.53M 87.75M 166M 11.22B 168M 1.13B 440M 5.61B 443M 433M 18.59B 1.15B 120M 104M 97.13M 89.23M 169M 11.41B 171M 1.15B 448M 5.71B 451M 441M 18.9B
Net income 167M 17.44M 15.15M 14.12M 12.97M 24.53M 1.66B 24.8M 166M 65.08M 829M 65.5M 64.07M 2.75B 238M 24.9M 21.62M 20.16M 18.52M 35.03M 2.37B 35.41M 238M 92.92M 1.18B 93.52M 91.47M 3.92B
Net Debt -58.81M -6.16M -5.35M -4.98M -4.58M -8.66M -586M -8.75M -58.76M -22.97M -293M -23.12M -22.61M -970M -62.27M -6.52M -5.66M -5.28M -4.85M -9.17M -620M -9.27M -62.21M -24.32M -310M -24.48M -23.94M -1.03B
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
42.65NOK
Average target price
56.50NOK
Spread / Average Target
+32.47%

Quarterly revenue - Rate of surprise