NorAm Drilling AS

OB:NORAM Stock Report

Market Cap: NOK 1.4b

NorAm Drilling Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Marty Jimmerson

Chief executive officer

US$475.8k

Total compensation

CEO salary percentage100.0%
CEO tenure8yrs
CEO ownershipn/a
Management average tenure8yrs
Board average tenure4.9yrs

Recent management updates

Recent updates

NorAm Drilling's (OB:NORAM) Soft Earnings Are Actually Better Than They Appear

Aug 30
NorAm Drilling's (OB:NORAM) Soft Earnings Are Actually Better Than They Appear

Analysts Have Been Trimming Their NorAm Drilling AS (OB:NORAM) Price Target After Its Latest Report

May 24
Analysts Have Been Trimming Their NorAm Drilling AS (OB:NORAM) Price Target After Its Latest Report

There's Reason For Concern Over NorAm Drilling AS' (OB:NORAM) Price

Jul 17
There's Reason For Concern Over NorAm Drilling AS' (OB:NORAM) Price

NorAm Drilling's (OB:NORAM) Solid Profits Have Weak Fundamentals

Feb 27
NorAm Drilling's (OB:NORAM) Solid Profits Have Weak Fundamentals

CEO Compensation Analysis

How has Marty Jimmerson's remuneration changed compared to NorAm Drilling's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$325k

Jun 30 2024n/an/a

US$2m

Mar 31 2024n/an/a

US$11m

Dec 31 2023US$476kUS$476k

US$19m

Sep 30 2023n/an/a

US$30m

Jun 30 2023n/an/a

US$30m

Mar 31 2023n/an/a

US$17m

Dec 31 2022US$497kUS$497k

US$3m

Sep 30 2022n/an/a

-US$12m

Jun 30 2022n/an/a

-US$18m

Mar 31 2022n/an/a

-US$19m

Dec 31 2021US$404kUS$402k

-US$19m

Sep 30 2021n/an/a

-US$15m

Jun 30 2021n/an/a

-US$15m

Mar 31 2021n/an/a

-US$15m

Dec 31 2020US$330kUS$326k

-US$14m

Sep 30 2020n/an/a

-US$15m

Jun 30 2020n/an/a

-US$10m

Mar 31 2020n/an/a

-US$5m

Dec 31 2019US$408kUS$408k

-US$2m

Sep 30 2019n/an/a

-US$2m

Jun 30 2019n/an/a

-US$927k

Mar 31 2019n/an/a

-US$2m

Dec 31 2018US$467kUS$460k

-US$4m

Compensation vs Market: Marty's total compensation ($USD475.81K) is above average for companies of similar size in the Norwegian market ($USD283.45K).

Compensation vs Earnings: Marty's compensation has been consistent with company performance over the past year.

CEO

Marty Jimmerson (61 yo)

8yrs

Tenure

US$475,814

Compensation

Mr. Martin L. Jimmerson, Jr., also known as Marty, has been Chief Financial Officer and Chief Executive Officer of NorAm Drilling AS (formerly known as NorAm Drilling Company AS) since joining in January 2...

Leadership Team

NamePositionTenureCompensationOwnership
Martin Jimmerson
CEO & CFO8yrsUS$475.81kno data
Thomas Taylor
Chief Operating Officer10.2yrsno data0.31%
NOK 4.3m
Marius Furuly
Director of Investor Relations & Strategy3yrsno data0.042%
NOK 587.6k
Phyllis Menard
Human Resources Managerno datano datano data

8.0yrs

Average Tenure

Experienced Management: NORAM's management team is seasoned and experienced (8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ole Hjertaker
Chairman9.1yrsUS$18.97k0.52%
NOK 7.2m
Christopher Baker
Director2.8yrsUS$18.79kno data
Espen Marcussen
Deputy Board Member7yrsno datano data
Synne Syrist
Deputy Board Memberno datano datano data
Jan Klepsland
Director1.6yrsUS$10.28kno data

4.9yrs

Average Tenure

51yo

Average Age

Experienced Board: NORAM's board of directors are considered experienced (4.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/06 02:02
End of Day Share Price 2025/01/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 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.

AnalystInstitution
Truls OlsenFearnley Securities
Bård RosefPareto Securities