NorAm Drilling AS

OB:NORAM Stock Report

Market Cap: NOK 1.7b

NorAm Drilling Future Growth

Future criteria checks 5/6

NorAm Drilling is forecast to grow earnings and revenue by 21.4% and 4.3% per annum respectively. EPS is expected to grow by 21.3% per annum. Return on equity is forecast to be 53% in 3 years.

Key information

21.4%

Earnings growth rate

21.25%

EPS growth rate

Energy Services earnings growth10.8%
Revenue growth rate4.3%
Future return on equity52.98%
Analyst coverage

Low

Last updated29 May 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 26

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.
Analysis Article • Sep 01

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...
Analysis Article • Mar 01

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...
Analysis Article • Aug 30

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...
Analysis Article • May 24

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...

Earnings and Revenue Growth Forecasts

OB:NORAM - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281242833362
12/31/20271202627302
12/31/20261151616191
3/31/2026102121214N/A
12/31/2025101152022N/A
9/30/2025101131921N/A
6/30/2025104101820N/A
3/31/202510462225N/A
12/31/202410321822N/A
9/30/202410101720N/A
6/30/202410122529N/A
3/31/2024111113438N/A
12/31/2023118194247N/A
9/30/2023124304651N/A
6/30/2023124304145N/A
3/31/2023111172731N/A
12/31/20229531316N/A
9/30/202280-1226N/A
6/30/202267-18-7-3N/A
3/31/202257-19-7-3N/A
12/31/202150-19-5-2N/A
9/30/202145-15N/AN/AN/A
6/30/202141-15-12N/A
3/31/202144-15-20N/A
12/31/202055-1446N/A
9/30/202066-15N/AN/AN/A
6/30/202077-10-310N/A
3/31/202083-51118N/A
12/31/201982-2N/A18N/A
9/30/201983-2N/A21N/A
6/30/201984-1N/A21N/A
3/31/201982-2N/A14N/A
12/31/201880-4N/A11N/A
9/30/201876-4N/A9N/A
6/30/201872-7N/A3N/A
3/31/201868-10N/A0N/A
12/31/201763-13N/A-1N/A
9/30/201757-20N/A-6N/A
6/30/201748-23N/A-9N/A
3/31/201741-24N/A-7N/A
12/31/201639-21N/A-6N/A
9/30/201640-29N/A-2N/A
6/30/201647-25N/A5N/A
3/31/201651-23N/A5N/A
12/31/201556-22N/A9N/A
9/30/201560-9N/A7N/A
6/30/201557-8N/A8N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NORAM's forecast earnings growth (21.4% per year) is above the savings rate (3.3%).

Earnings vs Market: NORAM's earnings (21.4% per year) are forecast to grow faster than the Norwegian market (9.8% per year).

High Growth Earnings: NORAM's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NORAM's revenue (4.3% per year) is forecast to grow faster than the Norwegian market (2.5% per year).

High Growth Revenue: NORAM's revenue (4.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NORAM's Return on Equity is forecast to be very high in 3 years time (53%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/28 02:27
End of Day Share Price 2026/06/26 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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 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.

AnalystInstitution
Truls OlsenFearnley Securities
Bård RosefPareto Securities
Marcus MonsenPareto Securities