Equities

Noram Drilling AS

Noram Drilling AS

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  • Price (NOK)34.65
  • Today's Change-0.55 / -1.56%
  • Shares traded70.85k
  • 1 Year change-17.50%
  • Beta--
Data delayed at least 15 minutes, as of Nov 25 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 NOK3.59m
  • 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)
North Energy ASA81.00k27.47m333.36m3.0011.340.884611.484,115.500.23810.23810.00073.050.0002--0.024127,000.007.614.997.785.09----33,916.05116.16----0.0111--100.19--288.37---28.66--
Petrolia E&P Holdings Plc599.32m22.20m342.60m198.0015.410.80473.600.57170.3760.37610.157.200.8291--4.193,026,850.002.71-0.1043.72-0.1441----3.27-0.13092.054.610.1233---2.35-0.2287227.98-7.59----
Golden Energy Offshore Services ASA342.14m-89.24m432.74m93.00--1.03--1.26-3.75-3.7519.4017.830.323115.746.223,678,968.00-8.44-10.09-10.70-15.4919.8923.52-26.11-50.360.46040.29720.6927--48.2327.8785.36--106.94--
Seabird Exploration PLC373.70m-21.52m450.18m76.00--1.418.901.20-0.2674-0.26744.644.020.635923.604.254,917,039.00-3.66-17.75-4.52-29.7846.0213.44-5.76-34.691.300.90830.3268--71.7711.74126.95---33.60--
Awilco LNG ASA877.34m336.94m562.72m6.001.620.36071.120.64142.532.536.6311.330.23081.5030.47146,223,300.008.862.729.713.8097.2893.0738.4018.561.372.460.588355.9556.6215.10560.21--3.23--
Dolphin Drilling AS844.76m-591.17m1.11bn139.00--0.8766--1.31-2.45-2.453.784.330.40942.745.586,077,439.00-28.70---41.96---1.71---70.11--1.92-13.580.4117--249.90--35.73------
Abl Group ASA3.05bn91.94m1.22bn1.61k12.621.097.690.40090.73620.736224.178.511.47--11.321,889,345.004.545.417.247.80----3.094.09--5.690.2046114.0649.6447.3434.3428.2481.20--
Deep Value Driller AS597.93m212.46m1.47bn--6.7710.373.552.462.452.456.901.600.3748--4.73--13.32--15.77------35.53--4.282.860.907-------62.42------
Noram Drilling AS1.11bn3.59m1.52bn361.00415.662.016.941.370.08330.083325.7617.241.07--9.213,079,248.000.345-1.960.4058-2.1969.7973.940.3223-3.23----0.00--23.948.19545.57---25.16--
Archer Ltd13.91bn13.27m2.01bn5.07k101.990.66753.060.14470.21250.2125213.9632.471.392.736.962,863,480.000.1878-1.990.2704-3.7984.6386.360.1352-1.830.99771.200.6882--20.525.62-386.73--16.51--
Data as of Nov 25 2024. Currency figures normalised to Noram Drilling AS's reporting currency: Norwegian Krone NOK

Institutional shareholders

7.08%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 07 Nov 2024306.55k0.71%
Yacktman Asset Management LPas of 30 Sep 2024140.46k0.33%
Mercer Global Investments Europe Ltd.as of 30 Jun 202322.06k0.05%
Acadian Asset Management LLCas of 31 Mar 202317.56k0.04%
Irish Life Investment Managers Ltd.as of 07 Nov 202414.96k0.04%
Exchange Traded Concepts LLCas of 07 Nov 20246.56k0.02%
American Century Investment Management, Inc.as of 07 Nov 2024307.000.00%
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Data from 28 Jun 2024 - 21 Nov 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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