NORAM Stock Overview
NorAm Drilling AS invests in, owns and operates advanced high-end AC driven rigs tailored for the drilling of horizontal wells in the United States.
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 2/6 |
| Past Performance | 6/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
NorAm Drilling AS Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr41.45 |
| 52 Week High | kr60.30 |
| 52 Week Low | kr36.60 |
| Beta | -0.18 |
| 1 Month Change | 10.53% |
| 3 Month Change | 2.98% |
| 1 Year Change | -29.02% |
| 3 Year Change | n/a |
| 5 Year Change | 48.04% |
| Change since IPO | -81.16% |
Recent News & Updates
Shareholder Returns
| NORAM | NO Energy Services | NO Market | |
|---|---|---|---|
| 7D | -4.2% | -0.5% | -1.0% |
| 1Y | -29.0% | 13.9% | 2.8% |
Return vs Industry: NORAM underperformed the Norwegian Energy Services industry which returned 13.6% over the past year.
Return vs Market: NORAM underperformed the Norwegian Market which returned 2.8% over the past year.
Price Volatility
| NORAM volatility | |
|---|---|
| NORAM Average Weekly Movement | 4.4% |
| Energy Services Industry Average Movement | 4.8% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in NO Market | 10.5% |
| 10% least volatile stocks in NO Market | 2.9% |
Stable Share Price: NORAM has not had significant price volatility in the past 3 months.
Volatility Over Time: NORAM's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 302 | Marty Jimmerson | www.noramdrilling.com |
NorAm Drilling AS invests in, owns and operates advanced high-end AC driven rigs tailored for the drilling of horizontal wells in the United States. It owns and operates fleet of eleven rigs located in the Permian Basin. The company was founded in 2007 and is headquartered in Oslo, Norway.
NorAm Drilling AS Fundamentals Summary
| NORAM fundamental statistics | |
|---|---|
| Market cap | kr1.79b |
| Earnings (TTM) | kr209.15m |
| Revenue (TTM) | kr1.31b |
8.5x
P/E Ratio1.4x
P/S RatioIs NORAM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NORAM income statement (TTM) | |
|---|---|
| Revenue | US$118.29m |
| Cost of Revenue | US$28.51m |
| Gross Profit | US$89.79m |
| Other Expenses | US$70.87m |
| Earnings | US$18.92m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
Apr 30, 2024
| Earnings per share (EPS) | 0.44 |
| Gross Margin | 75.90% |
| Net Profit Margin | 15.99% |
| Debt/Equity Ratio | 0% |
How did NORAM perform over the long term?
See historical performance and comparison