NORAM Stock Overview
Owns and operates AC driven rigs tailored for the drilling of horizontal wells in the United States.
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
NorAm Drilling AS Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr41.70 |
| 52 Week High | kr55.70 |
| 52 Week Low | kr36.60 |
| Beta | -0.19 |
| 1 Month Change | 3.73% |
| 3 Month Change | 10.03% |
| 1 Year Change | -21.32% |
| 3 Year Change | n/a |
| 5 Year Change | 48.93% |
| Change since IPO | -81.05% |
Recent News & Updates
Shareholder Returns
| NORAM | NO Energy Services | NO Market | |
|---|---|---|---|
| 7D | 1.5% | 3.1% | -0.3% |
| 1Y | -21.3% | 24.3% | 8.0% |
Return vs Industry: NORAM underperformed the Norwegian Energy Services industry which returned 24.3% over the past year.
Return vs Market: NORAM underperformed the Norwegian Market which returned 8% over the past year.
Price Volatility
| NORAM volatility | |
|---|---|
| NORAM Average Weekly Movement | 4.4% |
| Energy Services Industry Average Movement | 5.1% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in NO Market | 10.6% |
| 10% least volatile stocks in NO Market | 3.0% |
Stable Share Price: NORAM has not had significant price volatility in the past 3 months.
Volatility Over Time: NORAM's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 302 | Marty Jimmerson | www.noramdrilling.com |
NorAm Drilling AS owns and operates AC driven rigs tailored for the drilling of horizontal wells in the United States. It owns and operates a fleet of rigs located in the Permian Basin. The company was incorporated in 2007 and is headquartered in Oslo, Norway.
NorAm Drilling AS Fundamentals Summary
| NORAM fundamental statistics | |
|---|---|
| Market cap | kr1.80b |
| Earnings (TTM) | kr117.08m |
| Revenue (TTM) | kr1.16b |
15.4x
P/E Ratio1.5x
P/S RatioIs NORAM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NORAM income statement (TTM) | |
|---|---|
| Revenue | US$110.65m |
| Cost of Revenue | US$29.01m |
| Gross Profit | US$81.63m |
| Other Expenses | US$70.48m |
| Earnings | US$11.15m |
Last Reported Earnings
Mar 31, 2024
Next Earnings Date
Aug 30, 2024
| Earnings per share (EPS) | 0.26 |
| Gross Margin | 73.78% |
| Net Profit Margin | 10.08% |
| Debt/Equity Ratio | 0% |
How did NORAM perform over the long term?
See historical performance and comparison