NORAM Share Price Performance
NOK 45.10
19.40 (75.49%)
20.2% undervalued intrinsic discount
NOK 56.50
Fair Value
Price NOK 45.10
AnalystConsensusTarget NOK 56.50
AnalystLowTarget NOK 53.00
Fair ValueNOK 56.50
Share Pricen/a
Narrative Update • Jul 10
NorAm Drilling AS Stock Price
- 2 Narratives written by author
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- 25 Fair Values set on narratives written by author
NORAM Community Narratives
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Fair Value
·Fair Value NOK 56.5 20.2% undervalued intrinsic discount
Super Spec Rig Demand Will Support Long Term Earnings And Dividend Stability
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AN
Fair Value
·Fair Value NOK 53 14.9% undervalued intrinsic discount
Permian Rig Dependence And High Payout Policy Will Pressure Future Earnings Stability
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Super Spec Rig Demand Will Support Long Term Earnings And Dividend Stability
Permian drillers are moving away from weaker rigs and leaning on top-tier “Super Spec” equipment, which could keep NorAm Drilling’s fleet busy and its cash returns steadier even when the oil market cools. The big question is whether demand and pricing hold up as competitors fight for the same work and producers cut back if oil prices fall.Read more
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NOK 56.5
20.2% undervalued intrinsic discount
Fair Value
Revenue
5.74% p.a.
Profit Margin
22.36%
Future PE
11.27x
Price in 2029
NOK 68
Permian Rig Dependence And High Payout Policy Will Pressure Future Earnings Stability
NorAm Drilling leans heavily on a small fleet of high-end rigs working almost entirely in the Permian, so any further slowdown there could quickly hit its workload and profits. Add a big cash payout policy and maintenance downtime risk, and future results may be less steady than they look today.Read more
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NOK 53
14.9% undervalued intrinsic discount
Fair Value
Revenue
4.79% p.a.
Profit Margin
24.38%
Future PE
9.85x
Price in 2029
NOK 63.78
Trending Discussion
No trending discussion available.
Recently Updated Narratives
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NORAM: Higher Cash Distributions Will Support Stronger Earnings Power
Fair Value: NOK 56.5 20.2% undervalued intrinsic discount
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AN
NORAM: Higher Cash Distributions Will Support A Stronger Long Term Earnings Profile
Fair Value: NOK 53 14.9% undervalued intrinsic discount
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Snowflake Analysis
NorAm Drilling AS Key Details
Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
Aug 29, 2026
- 0.28
- 69.66%
- 12.05%
- 0%
About NORAM
- Founded
- 2007
- Employees
- 311
- CEO
- WebsiteView website
NorAm Drilling AS, together with its subsidiary, owns and operates AC driven onshore rigs for the drilling of horizontal wells in the United States. The company owns and operates a fleet of rigs located in the Permian Basin. NorAm Drilling AS was incorporated in 2007 and is headquartered in Oslo, Norway.
