Reported Earnings • May 28
First quarter 2026 earnings: Revenues exceed analyst expectations First quarter 2026 results: Revenue: US$26.2m (up 1.5% from 1Q 2025). Net income: US$2.57m (down 50% from 1Q 2025). Profit margin: 9.8% (down from 20% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Norway are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annuncio • May 22
NorAm Drilling AS to Report Q2, 2026 Results on Aug 29, 2026 NorAm Drilling AS announced that they will report Q2, 2026 results at 4:25 PM, Central European Standard Time on Aug 29, 2026 Declared Dividend • May 13
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 15th May 2026 Payment date: 26th May 2026 Dividend yield will be 6.7%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 30% per year over the past 3 years. However, payments have been volatile during that time. Declared Dividend • Apr 13
Dividend of US$0.035 announced Shareholders will receive a dividend of US$0.035. Ex-date: 14th April 2026 Payment date: 22nd April 2026 Dividend yield will be 7.6%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 30% per year over the past 3 years. However, payments have been volatile during that time. Declared Dividend • Mar 15
Dividend of US$0.03 announced Shareholders will receive a dividend of US$0.03. Ex-date: 17th March 2026 Payment date: 25th March 2026 Dividend yield will be 8.2%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 30% per year over the past 3 years. However, payments have been volatile during that time. Major Estimate Revision • Mar 12
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$0.452 to US$0.401 per share. Revenue forecast steady at US$106.8m. Net income forecast to grow 19% next year vs 16% growth forecast for Energy Services industry in Norway. Consensus price target up from kr34.00 to kr49.50. Share price rose 14% to kr44.70 over the past week. Reported Earnings • Feb 20
Full year 2025 earnings: Revenues exceed analyst expectations Full year 2025 results: Revenue: US$101.1m (down 1.9% from FY 2024). Net income: US$14.8m (up US$12.6m from FY 2024). Profit margin: 15% (up from 2.2% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 3.1%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Energy Services industry in Norway. Buy Or Sell Opportunity • Feb 17
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to kr37.90. The fair value is estimated to be kr30.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Declared Dividend • Feb 13
Dividend of US$0.03 announced Shareholders will receive a dividend of US$0.03. Ex-date: 17th February 2026 Payment date: 25th February 2026 Dividend yield will be 11%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 30% per year over the past 3 years. However, payments have been volatile during that time. Declared Dividend • Jan 14
Dividend of US$0.03 announced Shareholders will receive a dividend of US$0.03. Ex-date: 16th January 2026 Payment date: 26th January 2026 Dividend yield will be 12%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 32% per year over the past 3 years. However, payments have been volatile during that time. Annuncio • Jan 14
NorAm Drilling AS Approves Monthly Cash Distribution for December 2025, Payable on or About January 26, 2026 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.3 million based on free cash flow for December 2025. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount: USD 0.03 per share. Date of approval: January 12, 2026. Ex-date: January 16, 2026. Record date: January 19, 2026. Payment date: On or about January 26, 2026. Declared Dividend • Dec 11
Dividend of US$0.03 announced Shareholders will receive a dividend of US$0.03. Ex-date: 16th December 2025 Payment date: 23rd December 2025 Dividend yield will be 13%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 34% per year over the past 3 years. However, payments have been volatile during that time. Reported Earnings • Nov 20
Third quarter 2025 earnings: Revenues exceed analyst expectations Third quarter 2025 results: Revenue: US$23.9m (down 9.8% from 3Q 2024). Net income: US$4.02m (up 474% from 3Q 2024). Profit margin: 17% (up from 2.6% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.1%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Energy Services industry in Norway. Declared Dividend • Nov 12
Dividend of US$0.03 announced Shareholders will receive a dividend of US$0.03. Ex-date: 18th November 2025 Payment date: 28th November 2025 Dividend yield will be 14%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 34% per year over the past 3 years. However, payments have been volatile during that time. New Risk • Nov 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 17% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Major Estimate Revision • Oct 16
Consensus EPS estimates increase by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$95.0m to US$98.3m. EPS estimate increased from US$0.279 to US$0.361 per share. Net income forecast to grow 91% next year vs 8.5% growth forecast for Energy Services industry in Norway. Consensus price target of kr29.00 unchanged from last update. Share price was steady at kr27.00 over the past week. Declared Dividend • Oct 12
Dividend of US$0.03 announced Shareholders will receive a dividend of US$0.03. Ex-date: 16th October 2025 Payment date: 24th October 2025 Dividend yield will be 16%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 29% per year over the past 3 years. However, payments have been volatile during that time. Declared Dividend • Sep 11
Dividend of kr0.03 announced Shareholders will receive a dividend of kr0.03. Ex-date: 16th September 2025 Payment date: 24th September 2025 Dividend yield will be 17%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 38% per year over the past 3 years. However, payments have been volatile during that time. Reported Earnings • Aug 26
Second quarter 2025 earnings: Revenues in line with analyst expectations Second quarter 2025 results: Revenue: US$24.9m (flat on 2Q 2024). Net income: US$3.65m (up US$3.93m from 2Q 2024). Profit margin: 15% (up from net loss in 2Q 2024). Revenue was in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 6.8% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 17
Consensus EPS estimates increase by 1,175% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$92.8m to US$94.5m. EPS estimate increased from US$0.022 to US$0.277 per share. Net income forecast to grow 109% next year vs 24% growth forecast for Energy Services industry in Norway. Consensus price target of kr31.67 unchanged from last update. Share price fell 6.6% to kr26.05 over the past week. Declared Dividend • Aug 11
Dividend of US$0.03 announced Shareholders will receive a dividend of US$0.03. Ex-date: 14th August 2025 Payment date: 22nd August 2025 Dividend yield will be 17%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 38% per year over the past 3 years. However, payments have been volatile during that time. Declared Dividend • Jul 17
Dividend of US$0.035 announced Shareholders will receive a dividend of US$0.035. Ex-date: 22nd July 2025 Payment date: 30th July 2025 Dividend yield will be 20%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 63% per year over the past 2 years. However, payments have been volatile during that time. Declared Dividend • Jun 15
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 16th June 2025 Payment date: 25th June 2025 Dividend yield will be 20%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 64% per year over the past 2 years. However, payments have been volatile during that time. Major Estimate Revision • Jun 04
Consensus EPS estimates increase from loss to US$0.022 profit, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$99.9m to US$91.9m. EPS estimate of -US$0.032 up from expected loss of US$0.022 per share previously. Energy Services industry in Norway expected to see average net income growth of 20% next year. Consensus price target of kr31.67 unchanged from last update. Share price was steady at kr22.10 over the past week. Reported Earnings • May 30
First quarter 2025 earnings: Revenues miss analyst expectations First quarter 2025 results: Revenue: US$25.8m (up 3.0% from 1Q 2024). Net income: US$5.15m (up 184% from 1Q 2024). Profit margin: 20% (up from 7.2% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 3.3%. Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Energy Services industry in Norway. New Risk • May 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr1.01b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (kr1.01b market cap, or US$99.7m). Major Estimate Revision • May 13
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$104.4m to US$97.2m. Now expected to report a loss of US$0.031 per share instead of US$0.064 per share profit previously forecast. Energy Services industry in Norway expected to see average net income growth of 22% next year. Consensus price target of kr31.67 unchanged from last update. Share price fell 3.1% to kr25.05 over the past week. Declared Dividend • May 12
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 13th May 2025 Payment date: 23rd May 2025 Dividend yield will be 19%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 60% per year over the past 2 years. However, payments have been volatile during that time. Declared Dividend • Apr 14
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 15th April 2025 Payment date: 24th April 2025 Dividend yield will be 18%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 60% per year over the past 2 years. However, payments have been volatile during that time. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr25.60, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 6x in the Energy Services industry in Norway. Total loss to shareholders of 27% over the past year. Annuncio • Apr 09
Noram Drilling AS Approves Monthly Dividend for March 2025, Payable on or About April 24, 2025 NorAm Drilling AS announced that Board of Directors approved a monthly cash distribution of USD 0.04 per share based on free cash flow for March 2025. Ex-date: April 15, 2025, Record date: April 16, 2025 and Payment date: On or about April 24, 2025. Annuncio • Mar 11
NorAm Drilling Approves Monthly Cash Distribution for February 2025, Payable on or About March 24, 2025 NorAm Drilling AS announced that Board of Directors approved a monthly cash distribution of USD 0.04 per share based on free cash flow for February 2025. Ex-date is March 14, 2025. Record date is March 17, 2025. Payment date is On or about March 24, 2025. Date of approval is March 10, 2025. Reported Earnings • Feb 20
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$0.052 (down from US$0.45 in FY 2023). Revenue: US$103.1m (down 13% from FY 2023). Net income: US$2.25m (down 88% from FY 2023). Profit margin: 2.2% (down from 16% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 49%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 14
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 17th February 2025 Payment date: 24th February 2025 Dividend yield will be 14%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 58% per year over the past 2 years. However, payments have been volatile during that time. Annuncio • Feb 11
NorAm Drilling AS Approves Monthly Cash Distribution for January 2025, Payable on or About February 24, 2025 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million based on free cash flow for January 2025. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount: USD 0.04 per share. Payment to shares registered with Euronext VPS will be distributed in NOK. Date of approval: February 10, 2025. Last day including right: February 14, 2025. Ex-date: February 17, 2025. Record date: February 18, 2025. Payment date: On or about February 24, 2025. Major Estimate Revision • Jan 17
Consensus EPS estimates fall by 28%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$98.5m to US$100.9m. EPS estimate fell from US$0.135 to US$0.097 per share. Net income forecast to grow 1,485% next year vs 81% growth forecast for Energy Services industry in Norway. Consensus price target down from kr48.50 to kr42.00. Share price was steady at kr36.00 over the past week. Declared Dividend • Jan 11
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 14th January 2025 Payment date: 21st January 2025 Dividend yield will be 14%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 58% per year over the past 2 years. However, payments have been volatile during that time. Annuncio • Jan 11
NorAm Drilling AS, Annual General Meeting, Jun 11, 2026 NorAm Drilling AS, Annual General Meeting, Jun 11, 2026. Recent Insider Transactions • Dec 24
Insider recently bought kr62k worth of stock On the 19th of December, Marius Furuly bought around 2k shares on-market at roughly kr30.85 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr960k. Insiders have collectively bought kr1.0m more in shares than they have sold in the last 12 months. Declared Dividend • Dec 13
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 16th December 2024 Payment date: 23rd December 2024 Dividend yield will be 15%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 60% per year over the past 2 years. However, payments have been volatile during that time. Recent Insider Transactions • Dec 04
Chairman recently bought kr960k worth of stock On the 28th of November, Ole Hjertaker bought around 30k shares on-market at roughly kr32.00 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ole's only on-market trade for the last 12 months. Major Estimate Revision • Dec 03
Consensus EPS estimates increase by 58% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$97.4m to US$100.6m. EPS estimate increased from US$0.087 to US$0.138 per share. Net income forecast to grow 2,217% next year vs 67% growth forecast for Energy Services industry in Norway. Consensus price target of kr48.50 unchanged from last update. Share price was steady at kr34.30 over the past week. Major Estimate Revision • Nov 24
Consensus EPS estimates increase by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.10 to US$0.117. Revenue forecast steady at US$97.4m. Net income forecast to grow 2,963% next year vs 57% growth forecast for Energy Services industry in Norway. Consensus price target of kr52.00 unchanged from last update. Share price fell 4.9% to kr35.20 over the past week. Major Estimate Revision • Nov 20
Consensus EPS estimates increase by 74% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$95.8m to US$98.9m. EPS estimate increased from US$0.092 to US$0.16 per share. Net income forecast to grow 2,291% next year vs 71% growth forecast for Energy Services industry in Norway. Consensus price target of kr52.00 unchanged from last update. Share price fell 2.8% to kr36.45 over the past week. Reported Earnings • Nov 15
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: US$26.5m (flat on 3Q 2023). Net income: US$700.0k (down 66% from 3Q 2023). Profit margin: 2.6% (down from 7.7% in 3Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Energy Services industry in Norway. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 10
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 14th November 2024 Payment date: 22nd November 2024 Dividend yield will be 13%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 76% per year over the past 2 years. However, payments have been volatile during that time. Declared Dividend • Oct 11
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 15th October 2024 Payment date: 23rd October 2024 Dividend yield will be 13%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 78% per year over the past 2 years. However, payments have been volatile during that time. Annuncio • Oct 08
NorAm Drilling AS Declares Cash Distribution for the Month September 2024, Payable on or About October 23, 2024 NorAm Drilling AS declared monthly cash distribution of USD 0.04 per share based on free cash flow for September 2024. Date of approval: October 8, 2024, Last day including right: October 14, 2024, Ex-date: October 15, 2024, Record date: October 16, 2024 and Payment date: On or about October 23, 2024. Declared Dividend • Sep 12
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 16th September 2024 Payment date: 23rd September 2024 Dividend yield will be 14%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 78% per year over the past 2 years. However, payments have been volatile during that time. Annuncio • Sep 10
Noram Drilling AS Approves Cash Distribution for the Month of September 2024, Payable on or About September 23, 2024 NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million based on free cash flow for August 2024. Distribution amount of USD 0.04 per share. Date of approval is September 9, 2024. Ex-date is September 16, 2024. Record date is September 17, 2024. Payment date is on or about September 23, 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Major Estimate Revision • Aug 29
Consensus EPS estimates fall by 75% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.119 to US$0.03. Revenue forecast unchanged from US$100.8m at last update. Net income forecast to grow 443% next year vs 58% growth forecast for Energy Services industry in Norway. Consensus price target down from kr56.00 to kr52.00. Share price fell 7.3% to kr36.45 over the past week. Reported Earnings • Aug 23
Second quarter 2024 earnings: Revenues in line with analyst expectations Second quarter 2024 results: Revenue: US$24.9m (down 29% from 2Q 2023). Net loss: US$277.0k (down 103% from profit in 2Q 2023). Revenue was in line with analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Energy Services industry in Norway. Declared Dividend • Aug 11
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 16th August 2024 Payment date: 23rd August 2024 Dividend yield will be 13%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has increased by an average of 77% per year over the past 2 years. However, payments have been volatile during that time. Annuncio • Aug 09
Noram Drilling as Announces Monthly Cash Distribution, Payable on or About August 23, 2024 NorAm Drilling AS announced Distribution amount of USD 0.04 per share. Date of approval is August 8, 2024. Ex-date is August 16, 2024. Record date is August 19, 2024. Payment date is On or about August 23, 2024. Declared Dividend • Jul 14
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 16th July 2024 Payment date: 24th July 2024 Dividend yield will be 14%, which is higher than the industry average of 3.5%. Sustainability & Growth The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Annuncio • Jul 11
NorAm Drilling AS Approves a Monthly Cash Distribution for July 2024, Payable on or about July 24, 2024 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million for July 2024. Distribution amount: USD 0.04 per share. Ex-date: July 16, 2024. Record date: July 17, 2024. Payment date: On or about July 24, 2024. Date of approval: July 10, 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Major Estimate Revision • Jun 13
Consensus EPS estimates increase by 78% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$98.1m to US$99.4m. EPS estimate increased from US$0.063 to US$0.111 per share. Net income forecast to shrink 32% next year vs 50% growth forecast for Energy Services industry in Norway . Consensus price target of kr56.00 unchanged from last update. Share price was steady at kr39.40 over the past week. Declared Dividend • Jun 13
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 14th June 2024 Payment date: 21st June 2024 Dividend yield will be 16%, which is higher than the industry average of 3.5%. Sustainability & Growth The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Annuncio • Jun 13
Noram Drilling AS Announces Cash Distribution for June 2024, Payable on or About June 21, 2024 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million for June 2024. Distribution amount: USD 0.04 per share. Date of approval: June 10, 2024. Ex-date: June 14, 2024. Record date: June 17, 2024. Payment date: On or about June 21, 2024. Major Estimate Revision • May 28
Consensus EPS estimates fall by 73% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.236 to US$0.063 per share. Revenue forecast steady at US$98.0m. Net income forecast to shrink 40% next year vs 62% growth forecast for Energy Services industry in Norway . Consensus price target of kr56.00 unchanged from last update. Share price rose 3.1% to kr41.85 over the past week. Reported Earnings • May 23
First quarter 2024 earnings released First quarter 2024 results: Revenue: US$25.0m (down 23% from 1Q 2023). Net income: US$1.81m (down 81% from 1Q 2023). Profit margin: 7.2% (down from 29% in 1Q 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Energy Services industry in Norway. Annuncio • May 16
NorAm Drilling AS to Report Q1, 2024 Results on May 21, 2024 NorAm Drilling AS announced that they will report Q1, 2024 results After-Market on May 21, 2024 Annuncio • May 11
Noram Drilling AS Announces Cash Distribution for May 2024, Payable on or About May 24, 2024 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million for May 2024. Distribution amount: USD 0.04 per share. Date of approval: May 8, 2024. Ex-date: May 14, 2024. Record date: May 15, 2024. Payment date: On or about May 24, 2024. Declared Dividend • Apr 15
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 16th April 2024 Payment date: 22nd April 2024 Dividend yield will be 17%, which is higher than the industry average of 3.5%. Sustainability & Growth The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Price Target Changed • Apr 12
Price target decreased by 11% to kr56.00 Down from kr63.00, the current price target is an average from 3 analysts. New target price is 26% above last closing price of kr44.55. Stock is down 26% over the past year. The company is forecast to post earnings per share of US$0.24 for next year compared to US$0.44 last year. Major Estimate Revision • Apr 12
Consensus EPS estimates increase by 39%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$105.3m to US$97.4m. EPS estimate rose from US$0.167 to US$0.233. Net income forecast to shrink 46% next year vs 61% growth forecast for Energy Services industry in Norway . Consensus price target of kr59.67 unchanged from last update. Share price rose 13% to kr43.25 over the past week. Annuncio • Apr 11
Noram Drilling as Approves Cash Dividend for April 2024, Payable on or About April 22, 2024 NorAm Drilling AS approved monthly cash distribution of approximately USD 1.7 million for April 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount is USD 0.04 per share. Ex-date is April 16, 2024. Record date is April 17, 2024. Payment date is On or about April 22, 2024. Declared Dividend • Mar 11
Dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 12th March 2024 Payment date: 18th March 2024 Dividend yield will be 22%, which is higher than the industry average of 3.5%. Sustainability & Growth The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Annuncio • Mar 08
Noram Drilling as Approves Monthly Cash Distribution for March 2024, Payable on March 18, 2024 NorAm Drilling AS approved a monthly cash distribution of approximately USD 2.2 million for March 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Key information: Distribution amount: USD 0.05 per share. Declared currency: USD. Payment to shares registered with Euronext VPS will be distributed in NOK (3) Date of approval: March 7, 2024. Last day including right: March 11, 2024. Ex-date: March 12, 2024. Record date: March 13, 2024. Payment date: On or about March 18, 2024. Major Estimate Revision • Mar 07
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$114.6m to US$109.1m. EPS estimate also fell from US$0.339 per share to US$0.246 per share. Net income forecast to shrink 44% next year vs 72% growth forecast for Energy Services industry in Norway . Consensus price target down from kr63.00 to kr59.67. Share price was steady at kr37.65 over the past week. Price Target Changed • Mar 06
Price target decreased by 9.1% to kr59.67 Down from kr65.67, the current price target is an average from 3 analysts. New target price is 58% above last closing price of kr37.65. Stock is down 40% over the past year. The company is forecast to post earnings per share of US$0.25 for next year compared to US$0.44 last year. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$0.44 (vs US$0.11 in FY 2022) Full year 2023 results: EPS: US$0.44 (up from US$0.11 in FY 2022). Revenue: US$118.3m (up 24% from FY 2022). Net income: US$18.9m (up US$15.9m from FY 2022). Profit margin: 16% (up from 3.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Energy Services industry in Norway. Major Estimate Revision • Feb 22
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.551 to US$0.478 per share. Revenue forecast steady at US$118.6m. Net income forecast to shrink 35% next year vs 64% growth forecast for Energy Services industry in Norway . Consensus price target of kr63.00 unchanged from last update. Share price was steady at kr40.00 over the past week. Declared Dividend • Feb 12
Dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 13th February 2024 Payment date: 19th February 2024 Dividend yield will be 22%, which is higher than the industry average of 3.5%. Sustainability & Growth The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Annuncio • Feb 09
Noram Drilling AS Announces Cash Distribution for February 2024, Payable on or About February 19, 2024 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 2.2 million for February 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount: USD 0.05 per share. Last day including right: February 12, 2024. Ex-date: February 13, 2024. Record date: February 14, 2024. Payment date: On or about February 19, 2024. Annuncio • Jan 10
Noram Drilling as Approves Monthly Cash Distribution for January 2024, Payable on or About January 22, 2024 NorAm Drilling AS approved an increased monthly cash distribution of approximately USD 2.2 million for January 2024. Distribution amount: USD 0.05 per share. Date of approval: January 9, 2024. Ex-date: January 16, 2024. Record date: January 17, 2024. Payment date: On or about January 22, 2024. 
