Valuation: NorAm Drilling Company AS

Market Cap 1.85B 194M 168M 157M 144M 272M 18.45B 275M 1.84B 723M 9.23B 729M 713M 30.58B P/E 2026 *
11.2x
P/E 2027 * 7.83x
Enterprise Value 1.79B 188M 163M 152M 140M 263M 17.87B 266M 1.78B 700M 8.94B 706M 690M 29.61B 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%+4.66%+5.21%+52.26% 26.47B
-1.43%-1.99%-0.72%-26.02% 7.06B
-1.15%+3.11%+56.06%-23.11% 6.52B
-1.82%+3.72%+76.43%-36.85% 5.83B
-1.80%+3.65%+60.95%+2.00% 5.41B
-0.16%+6.23%+38.89% - 5.37B
+2.36%+3.17%-14.47%+10.17% 4.93B
-3.12%+5.09%+75.40%-35.49% 3.83B
-3.06%0.00%+114.35%-23.33% 3.45B
Average -0.08%+4.18%+45.79%-10.05% 7.65B
Weighted average by Cap. -0.82%+4.21%+30.40%+10.69%

Financials

2026 *2027 *
Net sales 1.13B 118M 103M 95.61M 87.93M 166M 11.26B 168M 1.12B 441M 5.63B 445M 435M 18.66B 1.15B 120M 104M 97.22M 89.41M 169M 11.45B 171M 1.14B 448M 5.73B 452M 442M 18.97B
Net income 167M 17.51M 15.16M 14.13M 13M 24.54M 1.66B 24.81M 166M 65.18M 833M 65.75M 64.3M 2.76B 238M 24.99M 21.65M 20.18M 18.56M 35.04M 2.38B 35.43M 237M 93.07M 1.19B 93.87M 91.8M 3.94B
Net Debt -58.81M -6.18M -5.35M -4.99M -4.59M -8.66M -587M -8.76M -58.62M -23.01M -294M -23.2M -22.69M -974M -62.27M -6.54M -5.67M -5.28M -4.86M -9.17M -622M -9.27M -62.06M -24.36M -311M -24.57M -24.03M -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