Valuation: NorAm Drilling

Market Cap 1.71B 173M 152M 140M 131M 244M 16.35B 251M 1.68B 652M 8.06B 650M 636M 27.97B P/E 2026 *
11.5x
P/E 2027 * 7.2x
Enterprise Value 1.64B 167M 147M 135M 126M 235M 15.73B 241M 1.62B 627M 7.76B 626M 612M 26.91B EV / Sales 2026 *
1.55x
EV / Sales 2027 * 1.48x
Free-Float
41.36%
Yield 2026 *
10.3%
Yield 2027 * 14.8%
1 day-1.00%
1 week-2.53%
Current month-18.16%
1 month-26.33%
3 months-11.93%
6 months+29.48%
Current year+28.28%
1 week 3.3
Extreme 3.3
3.6
1 month 3.3
Extreme 3.3
4.8
Current year 2.7
Extreme 2.705
4.95
1 year 1.86
Extreme 1.86
4.95
3 years 1.86
Extreme 1.86
4.95
5 years 1.86
Extreme 1.86
6
10 years 1.86
Extreme 1.86
6
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
Change 5-day change 1-year change 3-year change Capi.($)
-1.00%-2.53% - - 171M
-1.19%-4.89%+2.28%+64.23% 25.69B
+0.42%-8.97%+44.54%+7.26% 6.25B
-2.58%-10.45%+0.78%-16.28% 6.43B
+3.37%-6.63%+92.96%-13.02% 5.63B
+2.40%-6.89%+85.00%+36.72% 5.23B
+0.43%+1.74%+47.10% - 5.49B
0.00%-7.94%-15.94%+9.43% 4.58B
+2.63%-5.15%+63.38%-14.45% 3.61B
+3.82%-4.95%+113.36%+1.22% 3.27B
Average +0.59%-6.04%+48.16%+9.39% 7.35B
Weighted average by Cap. -0.03%-5.36%+31.66%+28.08%

Financials

2026 *2027 *
Net sales 1.06B 108M 94.83M 87.26M 81.73M 152M 10.18B 156M 1.05B 406M 5.02B 405M 396M 17.41B 1.11B 113M 99.13M 91.22M 85.44M 159M 10.64B 163M 1.09B 424M 5.25B 423M 414M 18.2B
Net income 148M 15.01M 13.19M 12.14M 11.37M 21.14M 1.42B 21.71M 146M 56.5M 698M 56.35M 55.1M 2.42B 236M 23.93M 21.04M 19.36M 18.14M 33.72M 2.26B 34.63M 232M 90.11M 1.11B 89.87M 87.89M 3.86B
Net Debt -64.68M -6.57M -5.77M -5.31M -4.98M -9.25M -620M -9.5M -63.76M -24.72M -306M -24.65M -24.11M -1.06B -65.2M -6.62M -5.82M -5.35M -5.02M -9.32M -625M -9.58M -64.27M -24.92M -308M -24.85M -24.3M -1.07B
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
25/06/26 €3.470 -1.00% 0
24/06/26 €3.505 -0.99% 250
23/06/26 €3.540 +1.87% 0
22/06/26 €3.475 -1.28% 10
19/06/26 €3.520 -0.56% 372
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
39.40NOK
Average target price
56.50NOK
Spread / Average Target
+43.40%

Quarterly revenue - Rate of surprise