Equities

Noram Drilling AS

Noram Drilling AS

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  • Price (NOK)37.00
  • Today's Change-0.50 / -1.33%
  • Shares traded48.22k
  • 1 Year change-17.59%
  • Beta--
Data delayed at least 15 minutes, as of Nov 13 2024.
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About the company

Noram Drilling AS, formerly NorAm Drilling Company AS, is a Norway-based drilling operator. The Company owns and operates a portfolio of eleven advanced drilling rigs upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is the biggest oil producing region in North America. These rigs are designed to combine the cost efficiency of a compact rig with the versatility of different rig classes, enabling the rigs to cover a broad range of wells for both liquids and gas. NorAm focuses solely on the US land drilling market and has established a solid foothold in the lower US, with operating experience in Louisiana, New Mexico, Oklahoma and Texas. All eleven rigs are operating in Texas in the Permian Basin.

  • Revenue in NOK (TTM)1.11bn
  • Net income in NOK18.45m
  • Incorporated2007
  • Employees361.00
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Dolphin Drilling AS844.53m-591.01m1.17bn139.00--0.9242--1.38-2.45-2.453.784.330.40942.745.586,075,791.00-28.70---41.96---1.71---70.11--1.92-13.580.4117--249.90--35.73------
Abl Group ASA3.05bn91.92m1.26bn1.61k13.161.147.940.41360.7360.73624.178.501.47--11.321,888,832.004.545.417.247.80----3.094.09--5.690.2046114.0649.6447.3434.3428.2481.20--
Deep Value Driller AS597.77m212.40m1.50bn--7.0610.823.612.512.452.456.891.600.3748--4.73--13.32--15.77------35.53--4.282.860.907-------62.42------
Noram Drilling AS1.11bn18.45m1.63bn361.0087.912.057.031.460.42770.427725.7818.381.01--7.063,080,893.001.67-1.961.99-2.1969.9673.941.66-3.23----0.00--23.948.19545.57---25.16--
Archer Ltd13.90bn13.27m1.83bn5.07k109.530.71682.780.13140.21250.2125213.9032.461.392.736.962,862,703.000.1878-1.990.2704-3.7984.6386.360.1352-1.830.99771.200.6882--20.525.62-386.73--16.51--
Northern Ocean Ltd3.53bn-575.07m2.31bn10.00--0.4217--0.6538-3.12-3.1219.0218.070.294--6.76353,412,100.00-4.78-5.43-5.30-6.5421.8614.54-16.27-63.702.990.01950.5089--993.73--23.68---23.13--
Data as of Nov 13 2024. Currency figures normalised to Noram Drilling AS's reporting currency: Norwegian Krone NOK

Institutional shareholders

7.00%Per cent of shares held by top holders
HolderShares% Held
Nordnet Livsforsikring ASas of 31 Dec 20231.15m2.66%
Danske Invest Asset Management ASas of 31 Dec 2023930.01k2.15%
CQS (UK) LLPas of 31 Dec 2022472.95k1.09%
Mellon Investments Corp.as of 03 Oct 2024271.01k0.63%
Yacktman Asset Management LPas of 30 Sep 2024140.46k0.33%
Mercer Global Investments Europe Ltd.as of 30 Jun 202322.06k0.05%
Exchange Traded Concepts LLCas of 03 Oct 202420.42k0.05%
Acadian Asset Management LLCas of 31 Mar 202317.56k0.04%
Irish Life Investment Managers Ltd.as of 03 Oct 20242.24k0.01%
American Century Investment Management, Inc.as of 03 Oct 2024291.000.00%
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Data from 28 Jun 2024 - 07 Nov 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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