Valuation: NorAm Drilling

Market Cap 2.07B 222M 190M 178M 163M 305M 21.28B 310M 2.1B 820M 10.69B 835M 817M 35.28B P/E 2026 *
11.7x
P/E 2027 * 8.67x
Enterprise Value 2B 215M 184M 172M 158M 295M 20.61B 301M 2.04B 794M 10.35B 809M 791M 34.17B EV / Sales 2026 *
1.81x
EV / Sales 2027 * 1.69x
Free-Float
41.36%
Yield 2026 *
10.1%
Yield 2027 * 12.5%
1 day+1.06%
1 week+4.84%
Current month+11.19%
1 month+6.24%
3 months-6.10%
6 months+23.90%
Current year+44.55%
1 week 44.3
Extreme 44.3
48.6
1 month 42.2
Extreme 42.2
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.
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.($)
+1.06%+4.84%+78.32%+1.49% 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 +0.04%+4.15%+57.92%+3.26% 7.38B
Weighted average by Cap. -0.06%+3.96%+41.49%+16.66%

Financials

2026 *2027 *
Net sales 1.1B 119M 102M 95.04M 87.08M 163M 11.36B 166M 1.12B 438M 5.71B 446M 436M 18.83B 1.18B 127M 109M 102M 93.4M 175M 12.18B 178M 1.2B 470M 6.12B 478M 468M 20.2B
Net income 178M 19.19M 16.43M 15.36M 14.07M 26.31M 1.84B 26.78M 181M 70.77M 922M 72.05M 70.48M 3.04B 240M 25.88M 22.16M 20.71M 18.98M 35.48M 2.48B 36.11M 245M 95.42M 1.24B 97.15M 95.04M 4.1B
Net Debt -65.44M -7.04M -6.03M -5.64M -5.17M -9.66M -674M -9.83M -66.58M -25.98M -339M -26.45M -25.87M -1.12B -65.44M -7.04M -6.03M -5.64M -5.17M -9.66M -674M -9.83M -66.58M -25.98M -339M -26.45M -25.87M -1.12B
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
21/08/26 NOK 47.70 +1.06% 213,144
20/08/26 NOK 47.20 +4.77% 173,693
19/08/26 NOK 45.05 +1.24% 31,643
18/08/26 NOK 44.50 -1.87% 71,343
17/08/26 NOK 45.35 -0.33% 88,126
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

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