Valuation: NorAm Drilling Company AS

Market Cap 1.92B 202M 177M 167M 153M 285M 19.37B 288M 2.01B 778M 9.86B 758M 741M 32.08B P/E 2026 *
10.9x
P/E 2027 * 8.05x
Enterprise Value 1.86B 195M 171M 162M 147M 276M 18.71B 278M 1.94B 752M 9.52B 732M 716M 30.99B EV / Sales 2026 *
1.68x
EV / Sales 2027 * 1.57x
Free-Float
46.41%
Yield 2026 *
10.9%
Yield 2027 * 13.4%
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
Change 5-day change 1-year change 3-year change Capi.($)
+9.75%+9.75% - - 202M
0.00%+0.88%-0.52%+43.00% 24.9B
-0.93%+1.00%+52.49%-12.08% 6.98B
-1.93%-2.12%+10.64%-19.34% 7.08B
-0.73%-4.06%+49.18%-33.29% 6.06B
-0.94%-2.69%+61.00%+10.29% 5.68B
-2.38%-3.42%+2.37% - 4.82B
-0.77%-0.77%-15.13%+2.38% 4.7B
+0.99%-7.07%+102.54%-22.79% 4.26B
+0.66%-3.96%+79.37%-7.01% 3.98B
Average +0.37%-2.61%+37.99%-4.86% 7.61B
Weighted average by Cap. -0.53%-1.65%+25.80%+9.30%

Financials

2026 *2027 *
Net sales 1.1B 116M 102M 96.08M 87.66M 164M 11.12B 165M 1.15B 447M 5.66B 435M 426M 18.42B 1.18B 124M 109M 103M 94.02M 176M 11.93B 177M 1.24B 479M 6.07B 467M 456M 19.76B
Net income 178M 18.73M 16.47M 15.53M 14.17M 26.5M 1.8B 26.7M 186M 72.22M 915M 70.32M 68.79M 2.98B 240M 25.25M 22.21M 20.94M 19.1M 35.73M 2.42B 36.01M 251M 97.38M 1.23B 94.82M 92.76M 4.01B
Net Debt -65.44M -6.87M -6.05M -5.7M -5.2M -9.73M -660M -9.8M -68.41M -26.51M -336M -25.81M -25.25M -1.09B -65.44M -6.87M -6.05M -5.7M -5.2M -9.73M -660M -9.8M -68.41M -26.51M -336M -25.81M -25.25M -1.09B
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
44.30NOK
Average target price
56.50NOK
Spread / Average Target
+27.54%

Quarterly revenue - Rate of surprise