Valuation: NorAm Drilling

Market Cap 1.99B 208M 186M 173M 158M 297M 20.18B 299M 2.08B 817M 10.29B 783M 766M 33.01B P/E 2026 *
10.3x
P/E 2027 * 8.12x
Enterprise Value 1.92B 201M 179M 167M 152M 287M 19.45B 288M 2.01B 787M 9.91B 755M 738M 31.82B EV / Sales 2026 *
1.78x
EV / Sales 2027 * 1.63x
Free-Float
46.41%
Yield 2026 *
11%
Yield 2027 * 13.3%
1 day+2.79%
1 week+4.90%
Current month+4.43%
1 month-2.85%
3 months+9.79%
6 months-4.17%
Current year+39.39%
1 week 43.55
Extreme 43.55
46.48
1 month 42.9
Extreme 42.9
47.9
Current year 31.55
Extreme 31.55
53.5
1 year 26.1
Extreme 26.1
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 31/12/2016
Chief Operating Officer - 31/10/2014
Investor Relations Contact - 31/07/2022
Director TitleAgeSince
Chairman 60 -
Director/Board Member 53 28/02/2022
Director/Board Member 40 31/05/2023
Date Insider Type Main position Quantity % Market Cap. Importance
19/12/24 Buy

Investor Relations Manager

2,000 0.0046%
28/11/24 Buy

Chairman

30,000 0.0694%
15/03/23 Buy

Chairman

14,638 0.0339%
Change 5-day change 1-year change 3-year change Capi.($)
+2.79%+4.90%+70.06%-6.22% 203M
+2.01%-1.76%-8.52%+38.81% 23.82B
+0.68%+1.03%+42.35%-13.57% 6.73B
-0.27%+7.16%+66.37%-28.70% 6.19B
-0.31%+6.98%+65.80%+14.94% 5.83B
-2.85%-3.14%+4.21% - 4.81B
-1.35%+1.87%+100.00%-13.62% 4.38B
-0.80%+4.33%+73.18%-1.90% 4.02B
+1.26%+6.34%+49.31%+9.36% 2.85B
+2.85%+3.16%+26.18%+166.32% 2.46B
Average +0.48%+1.84%+48.89%+18.38% 6.13B
Weighted average by Cap. +0.67%+0.38%+30.15%+19.66%

Financials

2026 *2027 *
Net sales 1.08B 113M 101M 93.87M 85.38M 161M 10.94B 162M 1.13B 443M 5.58B 424M 415M 17.89B 1.18B 124M 111M 103M 93.54M 177M 11.98B 177M 1.24B 485M 6.11B 465M 455M 19.6B
Net income 190M 19.9M 17.77M 16.53M 15.03M 28.39M 1.93B 28.51M 199M 77.95M 982M 74.71M 73.08M 3.15B 241M 25.16M 22.47M 20.9M 19.01M 35.89M 2.43B 36.05M 252M 98.56M 1.24B 94.46M 92.4M 3.98B
Net Debt -72.22M -7.55M -6.74M -6.27M -5.7M -10.77M -731M -10.82M -75.49M -29.58M -372M -28.35M -27.73M -1.2B -65.52M -6.85M -6.12M -5.69M -5.18M -9.77M -663M -9.81M -68.48M -26.83M -338M -25.72M -25.16M -1.08B
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
09/10/26 NOK 46.00 +2.79% 158,738
08/10/26 NOK 44.75 +2.05% 69,801
07/10/26 NOK 43.85 -0.23% 30,972
06/10/26 NOK 43.95 -0.11% 29,929
05/10/26 NOK 44.00 +0.34% 40,558
Trader
Investor
Global
Quality
ESG MSCI
-
Ratings Surperformance© - NorAm Drilling
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
44.75NOK
Average target price
56.50NOK
Spread / Average Target
+26.26%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - NorAm Drilling
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