Valuation: NorAm Drilling Company AS

Market Cap 2.07B 222M 190M 178M 163M 306M 21.25B 310M 2.1B 820M 10.68B 834M 816M 35.31B P/E 2026 *
11.7x
P/E 2027 * 8.67x
Enterprise Value 2B 215M 184M 172M 158M 296M 20.58B 300M 2.04B 794M 10.34B 808M 790M 34.19B EV / Sales 2026 *
1.81x
EV / Sales 2027 * 1.69x
Free-Float
41.36%
Yield 2026 *
10.1%
Yield 2027 * 12.5%
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.($)
+9.75%+9.75% - - 222M
+0.16%+3.53%+11.80%+49.51% 26.82B
-1.51%+2.59%+61.28%-8.68% 7.39B
+0.67%+8.64%+0.74%-18.55% 7.22B
-1.50%+2.78%+94.74%-24.30% 6.61B
-1.39%+2.50%+78.48%+19.81% 6.09B
+1.34%+4.81%+28.54% - 5.5B
+1.52%+3.08%-17.28%+15.52% 4.94B
+1.31%+8.53%+112.39%-13.16% 4.71B
-1.25%-1.47%+130.18%+7.74% 4.35B
Average +0.91%+4.07%+55.65%+3.49% 8.18B
Weighted average by Cap. -0.04%+3.96%+41.38%+16.71%

Financials

2026 *2027 *
Net sales 1.1B 119M 102M 95.03M 86.99M 163M 11.34B 165M 1.12B 438M 5.7B 445M 436M 18.85B 1.18B 127M 109M 102M 93.3M 175M 12.17B 177M 1.2B 470M 6.11B 478M 467M 20.22B
Net income 178M 19.16M 16.42M 15.36M 14.06M 26.39M 1.83B 26.74M 181M 70.77M 921M 71.96M 70.39M 3.05B 240M 25.84M 22.14M 20.71M 18.96M 35.58M 2.47B 36.05M 245M 95.43M 1.24B 97.03M 94.92M 4.11B
Net Debt -65.44M -7.03M -6.03M -5.64M -5.16M -9.69M -673M -9.81M -66.61M -25.98M -338M -26.41M -25.84M -1.12B -65.44M -7.03M -6.03M -5.64M -5.16M -9.69M -673M -9.81M -66.61M -25.98M -338M -26.41M -25.84M -1.12B
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
47.70NOK
Average target price
56.50NOK
Spread / Average Target
+18.45%

Quarterly revenue - Rate of surprise