Valuation: NorAm Drilling

Market Cap 1.99B 212M 185M 174M 158M 296M 20.3B 298M 2.09B 805M 10.32B 795M 777M 33.21B P/E 2026 *
11.3x
P/E 2027 * 8.36x
Enterprise Value 1.93B 205M 178M 169M 153M 287M 19.64B 288M 2.02B 779M 9.98B 769M 752M 32.12B EV / Sales 2026 *
1.75x
EV / Sales 2027 * 1.63x
Free-Float
46.41%
Yield 2026 *
10.5%
Yield 2027 * 12.9%
1 day-0.81%
1 week-2.44%
Current month-2.34%
1 month+1.43%
3 months+17.95%
6 months+2.22%
Current year+39.39%
1 week 45.55
Extreme 45.55
47.9
1 month 44.35
Extreme 44.35
48.6
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.($)
-0.81%-2.44%+69.74%-4.37% 215M
-0.87%-3.90%+0.71%+45.01% 24.91B
-0.79%-3.89%+6.80%-20.96% 7.08B
-0.36%-3.41%+46.05%-16.66% 7.05B
-0.35%-2.25%+65.88%-32.13% 6.32B
-0.35%-2.28%+59.79%+10.68% 5.84B
+0.24%-5.61%+11.34% - 4.99B
-2.26%-6.47%-19.75%+8.33% 4.84B
-2.08%-8.68%+114.96%-24.39% 4.59B
-1.33%-8.19%+96.31%-10.01% 4.14B
Average -0.90%-3.68%+45.18%-4.94% 7B
Weighted average by Cap. -0.84%-3.54%+29.42%+9.24%

Financials

2026 *2027 *
Net sales 1.1B 117M 102M 96.34M 87.49M 164M 11.23B 165M 1.15B 445M 5.71B 440M 430M 18.37B 1.18B 126M 109M 103M 93.84M 176M 12.04B 177M 1.24B 478M 6.12B 471M 461M 19.7B
Net income 178M 18.91M 16.49M 15.57M 14.14M 26.5M 1.81B 26.61M 187M 71.99M 923M 71.05M 69.47M 2.97B 240M 25.5M 22.24M 21M 19.07M 35.73M 2.45B 35.87M 252M 97.06M 1.24B 95.8M 93.67M 4B
Net Debt -65.44M -6.94M -6.05M -5.72M -5.19M -9.73M -666M -9.77M -68.47M -26.42M -339M -26.08M -25.5M -1.09B -65.44M -6.94M -6.05M -5.72M -5.19M -9.73M -666M -9.77M -68.47M -26.42M -339M -26.08M -25.5M -1.09B
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
18/09/26 NOK 46.00 -1.71% 77,037
17/09/26 NOK 46.80 -0.85% 107,192
16/09/26 NOK 47.20 +1.72% 77,959
15/09/26 NOK 46.40 -1.59% 146,810
14/09/26 NOK 47.15 +0.53% 77,920
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
46.00NOK
Average target price
56.50NOK
Spread / Average Target
+22.83%

Quarterly revenue - Rate of surprise

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