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NorAm Drilling OB:NORAM Stock Report

Last Price

NOK 36.55

Market Cap

NOK 1.6b

7D

-1.6%

1Y

-24.5%

Updated

30 Oct, 2024

Data

Company Financials +

NorAm Drilling AS Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NorAm Drilling
Historical stock prices
Current Share PriceNOK 36.55
52 Week HighNOK 49.00
52 Week LowNOK 34.85
Beta-0.19
11 Month Change-3.82%
3 Month Change-7.93%
1 Year Change-24.48%
33 Year Change306.11%
5 Year Changen/a
Change since IPO-83.39%

Recent News & Updates

NorAm Drilling's (OB:NORAM) Soft Earnings Are Actually Better Than They Appear

Aug 30
NorAm Drilling's (OB:NORAM) Soft Earnings Are Actually Better Than They Appear

Recent updates

NorAm Drilling's (OB:NORAM) Soft Earnings Are Actually Better Than They Appear

Aug 30
NorAm Drilling's (OB:NORAM) Soft Earnings Are Actually Better Than They Appear

Analysts Have Been Trimming Their NorAm Drilling AS (OB:NORAM) Price Target After Its Latest Report

May 24
Analysts Have Been Trimming Their NorAm Drilling AS (OB:NORAM) Price Target After Its Latest Report

There's Reason For Concern Over NorAm Drilling AS' (OB:NORAM) Price

Jul 17
There's Reason For Concern Over NorAm Drilling AS' (OB:NORAM) Price

NorAm Drilling's (OB:NORAM) Solid Profits Have Weak Fundamentals

Feb 27
NorAm Drilling's (OB:NORAM) Solid Profits Have Weak Fundamentals

Shareholder Returns

NORAMNO Energy ServicesNO Market
7D-1.6%-0.9%0.6%
1Y-24.5%-2.3%2.6%

Return vs Industry: NORAM underperformed the Norwegian Energy Services industry which returned -2.5% over the past year.

Return vs Market: NORAM underperformed the Norwegian Market which returned 0.2% over the past year.

Price Volatility

Is NORAM's price volatile compared to industry and market?
NORAM volatility
NORAM Average Weekly Movement4.3%
Energy Services Industry Average Movement5.5%
Market Average Movement5.0%
10% most volatile stocks in NO Market10.6%
10% least volatile stocks in NO Market2.7%

Stable Share Price: NORAM has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: NORAM's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007284Marty Jimmersonwww.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

How do NorAm Drilling's earnings and revenue compare to its market cap?
NORAM fundamental statistics
Market capNOK 1.58b
Earnings (TTM)NOK 18.30m
Revenue (TTM)NOK 1.10b

86.4x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NORAM income statement (TTM)
RevenueUS$100.61m
Cost of RevenueUS$30.22m
Gross ProfitUS$70.39m
Other ExpensesUS$68.72m
EarningsUS$1.67m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Nov 29, 2024

Earnings per share (EPS)0.039
Gross Margin69.96%
Net Profit Margin1.66%
Debt/Equity Ratio0%

How did NORAM perform over the long term?

See historical performance and comparison

Dividends

17.9%

Current Dividend Yield

n/a

Payout Ratio