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Valuation: NorAm Drilling Company AS

Market Cap 1.91B 201M 173M 159M 149M 280M 18.95B 283M 1.88B 735M 9.28B 753M 737M 32.11B P/E Ratio 2025
10.1x
P/E Ratio 2026 * 12.9x
Enterprise Value 1.83B 192M 165M 152M 143M 268M 18.13B 271M 1.8B 703M 8.88B 720M 705M 30.72B EV / Sales 2025
1.37x
EV / Sales 2026 * 1.74x
Free-Float
41.36%
Yield 2025 *
9.13%
Yield 2026 * 9.22%
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% - - 201M
+4.10%+6.28%+10.93%+62.83% 26.51B
-1.84%+3.35%+61.22%+21.67% 7.49B
-1.31%-7.25%+8.79%-4.43% 7.24B
-3.48%-5.51%+80.50%-6.27% 6.74B
-3.65%-4.71%+85.77%+49.59% 6.23B
-3.85%-1.83%+45.12% - 5.74B
+1.52%-2.90%-16.25%+19.64% 4.94B
-7.22%-10.42%+65.79%-14.58% 4.36B
-5.73%-5.47%+105.21%+4.96% 3.92B
Average -1.06%+0.81%+49.67%+16.68% 8.13B
Weighted average by Cap. -0.27%+2.98%+37.81%+31.37%

Financials

2025 2026 *
Net sales 939M 98.57M 84.96M 78.19M 73.35M 138M 9.32B 139M 924M 361M 4.56B 370M 362M 15.79B 1.06B 112M 96.14M 88.48M 83M 156M 10.54B 157M 1.05B 409M 5.16B 419M 410M 17.86B
Net income 149M 15.64M 13.48M 12.4M 11.64M 21.86M 1.48B 22.07M 147M 57.27M 724M 58.68M 57.43M 2.5B 148M 15.52M 13.38M 12.31M 11.55M 21.69M 1.47B 21.91M 146M 56.85M 718M 58.24M 57M 2.49B
Net Debt -82.98M -8.71M -7.51M -6.91M -6.48M -12.18M -823M -12.3M -81.69M -31.91M -403M -32.69M -32M -1.39B -64.68M -6.79M -5.85M -5.39M -5.05M -9.49M -642M -9.59M -63.67M -24.87M -314M -25.48M -24.94M -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
OUTPERFORM
Number of Analysts
2
Last Close Price
42.70NOK
Average target price
56.50NOK
Spread / Average Target
+32.32%

Quarterly revenue - Rate of surprise

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