Valuation: NorAm Drilling

Market Cap 1.84B 191M 168M 156M 143M 269M 18.29B 273M 1.86B 725M 9.03B 716M 701M 31.22B P/E 2026 *
11.8x
P/E 2027 * 8.28x
Enterprise Value 1.78B 185M 162M 151M 139M 261M 17.71B 264M 1.8B 701M 8.74B 693M 678M 30.22B EV / Sales 2026 *
1.58x
EV / Sales 2027 * 1.55x
Free-Float
41.36%
Yield 2026 *
10.4%
Yield 2027 * 13%
1 day-5.65%
1 week+0.12%
Current month+11.39%
1 month+9.38%
3 months-9.76%
6 months+32.35%
Current year+28.94%
1 week 42.3
Extreme 42.3
46
1 month 37.7
Extreme 37.7
46
Current year 31.55
Extreme 31.55
53.5
1 year 24.5
Extreme 24.5
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.
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.($)
-5.65%+0.12%+61.79%-11.90% 204M
+2.27%+4.09%+2.63%+48.10% 24.9B
-0.57%+3.70%-0.43%-23.64% 6.95B
-1.03%+4.24%+52.70%-15.19% 6.9B
-1.21%+5.98%+73.86%-35.12% 5.97B
-0.89%+5.82%+53.57%+6.79% 5.51B
-0.33%-1.16%+38.75% - 5.29B
-1.56%+3.28%-24.10%+8.62% 4.78B
-7.30%-6.41%+51.48%-39.17% 3.87B
-4.53%-0.03%+92.46%-24.55% 3.53B
Average -1.98%+3.78%+40.27%-9.56% 6.79B
Weighted average by Cap. -0.23%+3.02%+26.37%+8.89%

Financials

2026 *2027 *
Net sales 1.13B 117M 103M 95.45M 87.66M 165M 11.19B 167M 1.13B 443M 5.52B 438M 428M 19.09B 1.15B 119M 104M 97.06M 89.14M 167M 11.37B 170M 1.15B 451M 5.62B 445M 436M 19.41B
Net income 167M 17.24M 15.16M 14.11M 12.96M 24.33M 1.65B 24.65M 168M 65.51M 817M 64.73M 63.33M 2.82B 238M 24.62M 21.64M 20.15M 18.5M 34.74M 2.36B 35.2M 239M 93.53M 1.17B 92.42M 90.43M 4.03B
Net Debt -58.81M -6.09M -5.35M -4.98M -4.57M -8.59M -584M -8.7M -59.2M -23.12M -288M -22.85M -22.35M -996M -62.27M -6.44M -5.66M -5.27M -4.84M -9.09M -618M -9.21M -62.67M -24.48M -305M -24.19M -23.67M -1.05B
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
27/07/26 NOK 42.55 -5.65% 108,690
24/07/26 NOK 45.10 -0.77% 60,843
23/07/26 NOK 45.45 +1.22% 62,344
22/07/26 NOK 44.90 +3.34% 71,457
21/07/26 NOK 43.45 +2.24% 42,628
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
45.10NOK
Average target price
56.50NOK
Spread / Average Target
+25.28%

Quarterly revenue - Rate of surprise

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