NORAM Stock Overview
Owns and operates AC driven rigs tailored for the drilling of horizontal wells in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
My Notes
Capture your thoughts, links and company narrative
NorAm Drilling AS Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 30.30 |
| 52 Week High | NOK 44.95 |
| 52 Week Low | NOK 29.55 |
| Beta | -0.15 |
| 1 Month Change | -13.92% |
| 3 Month Change | -18.22% |
| 1 Year Change | -26.10% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -86.23% |
Recent News & Updates
Recent updates
NorAm Drilling's (OB:NORAM) Soft Earnings Are Actually Better Than They Appear
Aug 30
Analysts Have Been Trimming Their NorAm Drilling AS (OB:NORAM) Price Target After Its Latest Report
May 24There's Reason For Concern Over NorAm Drilling AS' (OB:NORAM) Price
Jul 17NorAm Drilling's (OB:NORAM) Solid Profits Have Weak Fundamentals
Feb 27Shareholder Returns
| NORAM | NO Energy Services | NO Market | |
|---|---|---|---|
| 7D | -11.4% | -2.0% | -2.8% |
| 1Y | -26.1% | -5.7% | -0.8% |
Return vs Industry: NORAM underperformed the Norwegian Energy Services industry which returned -5.7% over the past year.
Return vs Market: NORAM underperformed the Norwegian Market which returned -0.8% over the past year.
Price Volatility
| NORAM volatility | |
|---|---|
| NORAM Average Weekly Movement | 3.4% |
| Energy Services Industry Average Movement | 5.3% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in NO Market | 10.9% |
| 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 (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 284 | 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 | NOK 1.31b |
| Earnings (TTM) | NOK 3.68m |
| Revenue (TTM) | NOK 1.14b |
355.7x
P/E Ratio1.2x
P/S RatioIs NORAM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NORAM income statement (TTM) | |
|---|---|
| Revenue | US$100.53m |
| Cost of Revenue | US$30.38m |
| Gross Profit | US$70.15m |
| Other Expenses | US$69.83m |
| Earnings | US$325.00k |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
Feb 28, 2025
| Earnings per share (EPS) | 0.0075 |
| Gross Margin | 69.78% |
| Net Profit Margin | 0.32% |
| Debt/Equity Ratio | 0% |
How did NORAM perform over the long term?
See historical performance and comparisonDividends
17.9%
Current Dividend Yieldn/a
Payout RatioDoes NORAM pay a reliable dividends?
See NORAM dividend history and benchmarks| NorAm Drilling dividend dates | |
|---|---|
| Ex Dividend Date | Dec 16 2024 |
| Dividend Pay Date | Dec 23 2024 |
| Days until Ex dividend | 6 days |
| Days until Dividend pay date | 1 day |
Does NORAM pay a reliable dividends?
See NORAM dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:19 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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 here.
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 world class team 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 .
Analyst Sources
NorAm Drilling AS is covered by 2 analysts. 3 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 |