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Valuation: NorAm Drilling Company AS

Market Cap 1.85B 194M 167M 154M 145M 270M 18.41B 274M 1.82B 711M 8.99B 730M 714M 31.05B P/E Ratio 2025
10.1x
P/E Ratio 2026 * 12.5x
Enterprise Value 1.77B 185M 160M 147M 138M 258M 17.58B 262M 1.74B 679M 8.58B 697M 682M 29.66B EV / Sales 2025
1.37x
EV / Sales 2026 * 1.68x
Free-Float
41.36%
Yield 2025 *
9.43%
Yield 2026 * 9.52%
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% - - 201M
+4.10%+6.28%+10.93%+62.83% 26.51B
-1.98%+3.35%+61.22%+21.67% 7.49B
-1.31%-7.25%+8.79%-4.43% 7.24B
-3.48%-2.02%+75.60%-5.36% 6.74B
-3.65%-2.11%+86.35%+49.02% 6.23B
-3.85%-1.83%+45.12% - 5.74B
+1.52%-2.90%-16.25%+19.64% 4.94B
-7.22%-7.38%+63.25%-4.22% 4.36B
-5.73%-1.23%+102.30%+8.63% 3.92B
Average -0.77%+0.62%+48.59%+18.47% 8.13B
Weighted average by Cap. -0.00%+2.06%+37.10%+32.29%

Financials

2025 2026 *
Net sales 939M 98.52M 85M 78.22M 73.46M 137M 9.35B 139M 924M 361M 4.56B 370M 362M 15.76B 1.06B 111M 96.18M 88.52M 83.12M 155M 10.58B 158M 1.05B 409M 5.16B 419M 410M 17.84B
Net income 149M 15.63M 13.48M 12.41M 11.65M 21.72M 1.48B 22.09M 147M 57.28M 724M 58.75M 57.5M 2.5B 148M 15.51M 13.38M 12.32M 11.56M 21.56M 1.47B 21.93M 146M 56.85M 718M 58.31M 57.07M 2.48B
Net Debt -82.98M -8.71M -7.51M -6.91M -6.49M -12.1M -826M -12.31M -81.69M -31.91M -403M -32.73M -32.03M -1.39B -64.68M -6.79M -5.85M -5.39M -5.06M -9.43M -644M -9.59M -63.67M -24.87M -314M -25.51M -24.97M -1.09B
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
OUTPERFORM
Number of Analysts
2
Last Close Price
42.70NOK
Average target price
56.50NOK
Spread / Average Target
+32.32%

Quarterly revenue - Rate of surprise

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