Valuation: NorAm Drilling

Market Cap 2.09B 224M 201M 186M 169M 315M 21.32B 319M 2.23B 886M 11.18B 843M 825M 35.44B P/E 2026 *
11.6x
P/E 2027 * 8.74x
Enterprise Value 2.01B 215M 193M 178M 162M 302M 20.44B 306M 2.14B 849M 10.72B 808M 791M 33.98B EV / Sales 2026 *
1.78x
EV / Sales 2027 * 1.66x
Free-Float
46.41%
Yield 2026 *
9.25%
Yield 2027 * 12.3%
1 day+0.10%
1 week+2.33%
Current month+9.76%
1 month+10.77%
3 months+12.44%
6 months+3.76%
Current year+46.52%
1 week 45.6
Extreme 45.6
48.7
1 month 43
Extreme 43
49.3
Current year 31.55
Extreme 31.55
53.5
1 year 26.95
Extreme 26.95
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 01/01/2017
Chief Operating Officer - 01/11/2014
Investor Relations Contact - 01/08/2022
Director TitleAgeSince
Chairman 60 -
Director/Board Member 53 01/03/2022
Director/Board Member 40 01/06/2023
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%
15/3/23 Buy

Chairman

14,638 0.0339%
Change 5-day change 1-year change 3-year change Capi.($)
+0.31%+2.33%+76.14%+0.10% 224M
-0.87%+0.53%-0.69%+58.29% 25.17B
+1.25%+3.28%+8.96%-16.31% 7.61B
-5.42%+5.70%+48.65%-2.46% 7.22B
-1.07%+11.00%+67.36%-1.37% 7.22B
-0.98%+11.16%+73.42%+48.13% 6.82B
-0.33%+4.99%+86.13%-6.15% 4.66B
+2.44%+3.28%-21.25%+12.50% 4.59B
+5.74%+4.85%+13.88%-6.23% 4.82B
-0.28%+3.98%+56.30%+0.63% 3.97B
Average +0.41%+4.18%+40.89%+8.71% 7.23B
Weighted average by Cap. -0.13%+4.25%+27.66%+22.75%

Financials

2026 *2027 *
Net sales 1.13B 121M 108M 100M 90.7M 170M 11.46B 172M 1.2B 476M 6.01B 453M 443M 19.05B 1.22B 131M 117M 108M 98.25M 184M 12.42B 186M 1.3B 516M 6.51B 491M 480M 20.64B
Net income 183M 19.58M 17.57M 16.23M 14.71M 27.5M 1.86B 27.84M 195M 77.26M 975M 73.5M 71.93M 3.09B 241M 25.88M 23.22M 21.44M 19.44M 36.34M 2.46B 36.79M 257M 102M 1.29B 97.13M 95.05M 4.09B
Net Debt -86.19M -9.24M -8.29M -7.66M -6.94M -12.98M -878M -13.14M -91.79M -36.45M -460M -34.68M -33.94M -1.46B -72.5M -7.77M -6.97M -6.44M -5.84M -10.92M -738M -11.05M -77.21M -30.66M -387M -29.17M -28.55M -1.23B
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
28/10/26 NOK 48.45 +0.31% 42,776
27/10/26 NOK 48.30 +1.26% 72,574
26/10/26 NOK 47.70 +2.80% 68,148
23/10/26 NOK 46.40 +1.09% 54,848
22/10/26 NOK 45.90 -2.86% 66,392
Trader
Investor
Global
Quality
ESG MSCI
-
MarketScreener Ratings - NorAm Drilling
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
48.30NOK
Average target price
56.50NOK
Spread / Average Target
+16.98%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - NorAm Drilling
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