NorAm Drilling (NORAM) Stock Overview
Together with its subsidiary, owns and operates AC driven onshore rigs for the drilling of horizontal wells in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
NORAM Community Fair Values
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Analyst Price Targets
NorAm Drilling AS Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 47.15 |
| 52 Week High | NOK 53.50 |
| 52 Week Low | NOK 26.10 |
| Beta | -0.18 |
| 1 Month Change | 3.63% |
| 3 Month Change | 15.85% |
| 1 Year Change | 71.45% |
| 3 Year Change | -1.36% |
| 5 Year Change | n/a |
| Change since IPO | -78.57% |
Recent News & Updates
Recent updates
NORAM: Higher Cash Distributions Will Support Stronger Earnings Power
NorAm Drilling's analyst price target has been revised from NOK34.00 to NOK56.50. Analysts cite updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E estimates as key drivers of the change.
NORAM: Higher Cash Distributions Will Support A Stronger Long Term Earnings Profile
Analysts now cite higher long term assumptions for revenue growth, profit margins and future P/E as reasons for revising their fair value estimate for NorAm Drilling from NOK 28 to NOK 53 per share. What's in the News for NorAm Drilling Board approves a monthly cash distribution of about US$1.7 million based on free cash flow for April 2026, equal to US$0.04 per share, from the Contributed Surplus account.Shareholders Can Be Confident That NorAm Drilling's (OB:NORAM) Earnings Are High Quality
The subdued stock price reaction suggests that NorAm Drilling AS' ( OB:NORAM ) strong earnings didn't offer any...There May Be Some Bright Spots In NorAm Drilling's (OB:NORAM) Earnings
Soft earnings didn't appear to concern NorAm Drilling AS' ( OB:NORAM ) shareholders over the last week. We did some...NorAm Drilling's (OB:NORAM) Soft Earnings Are Actually Better Than They Appear
Soft earnings didn't appear to concern NorAm Drilling AS' ( OB:NORAM ) shareholders over the last week. Our analysis...Analysts Have Been Trimming Their NorAm Drilling AS (OB:NORAM) Price Target After Its Latest Report
As you might know, NorAm Drilling AS ( OB:NORAM ) recently reported its quarterly numbers. Results were roughly in line...Shareholder Returns
| NORAM | NO Energy Services | NO Market | |
|---|---|---|---|
| 7D | 0% | 0.7% | 1.1% |
| 1Y | 71.5% | 40.8% | 22.0% |
Return vs Industry: NORAM exceeded the Norwegian Energy Services industry which returned 40.8% over the past year.
Return vs Market: NORAM exceeded the Norwegian Market which returned 22% over the past year.
Price Volatility
| NORAM volatility | |
|---|---|
| NORAM Average Weekly Movement | 4.5% |
| Energy Services Industry Average Movement | 4.2% |
| Market Average Movement | 4.6% |
| 10% most volatile stocks in NO Market | 10.7% |
| 10% least volatile stocks in NO Market | 2.6% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 311 | Marty Jimmerson | www.noramdrilling.com |
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.
NorAm Drilling AS Fundamentals Summary
| NORAM fundamental statistics | |
|---|---|
| Market cap | NOK 2.03b |
| Earnings (TTM) | NOK 119.39m |
| Revenue (TTM) | NOK 989.37m |
Is NORAM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NORAM income statement (TTM) | |
|---|---|
| Revenue | US$105.98m |
| Cost of Revenue | US$31.41m |
| Gross Profit | US$74.57m |
| Other Expenses | US$61.78m |
| Earnings | US$12.79m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Nov 27, 2026
| Earnings per share (EPS) | 0.29 |
| Gross Margin | 70.36% |
| Net Profit Margin | 12.07% |
| Debt/Equity Ratio | 0% |
How did NORAM perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/14 22:13 |
| End of Day Share Price | 2026/09/14 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NorAm Drilling AS is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Truls Olsen | Fearnley Securities |
| Bård Rosef | Pareto Securities |
| Marcus Monsen | Pareto Securities |