Noram Drilling AS (NORAM)

Currency in NOK
46.80
-0.45(-0.95%)
Closed·
High dividend Yield
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Fair Value
Day's Range
46.1047.70
52 wk Range
26.1053.50
Key Statistics
Prev. Close
47.25
Open
47
Day's Range
46.1-47.7
52 wk Range
26.1-53.5
Volume
26.64K
Average Volume (3m)
80.78K
1-Year Change
72.0588%
Book Value / Share
13.01
Fair Value
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Fair Value Upside
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NORAM Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
56.50
Upside
+20.73%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low P/E ratio relative to near-term earnings growth

Noram Drilling AS News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Neutral
Technical Indicators
Strong Sell
Moving Averages
Buy

Analyst Ratings

2 Buy
0 Hold
0 Sell
Ratings:
2 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 56.50
(+20.73% Upside)

Noram Drilling AS Earnings Call Summary for Q2/2026

  • NorAm Drilling Q2 revenue rose 12.3% to $29.4M with adjusted EBITDA up 40% to $6.3M as all 11 Permian rigs stayed contracted at 98.6% utilization.
  • Net profit jumped 61.5% to $4.2M; company paid $4.9M dividend and maintains zero debt with $8.1M cash, yielding 9.3% to shareholders.
  • Management sees tight super-spec rig market with fewer than 10 available rigs supporting pricing power and continued strong utilization rates.
  • CEO expects private operators to drive demand above $70 WTI crude; modest pricing increases anticipated on renewals despite recent oil volatility.
  • Full-year 2026 capex guided at NOK 3-4M with H2 spending of NOK 1-2M; backlog stands at $30.3M as majors begin positioning for 2027 budgets.
Last Updated: 2026-08-26, 09:30 a/m
Read Full Transcript

Earnings

Latest Release
Aug 29, 2026
EPS / Forecast
0.11 / 0.11
Revenue / Forecast
28.75M / 28.29M
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 0.28%
Dividend Yield
8.52%
Industry Median 5.59%
Annualized payout
4.02
Paid unevenly
5-Years Growth
-
Growth Streak

NORAM Income Statement

Compare NORAM to Peers and Sector

Metrics to compare
NORAM
Peers
Sector
Relationship
P/E Ratio
17.0x5.2x5.8x
PEG Ratio
0.490.070.00
Price/Book
3.8x1.4x1.1x
Price / LTM Sales
2.1x1.2x1.5x
Upside (Analyst Target)
20.7%13.7%21.9%
Fair Value Upside
Unlock14.3%6.8%Unlock

NorAm Drilling AS, together with its subsidiary, owns and operates AC driven onshore rigs for the drilling of horizontal wells in the United States. The company owns and operates a fleet of rigs located in the Permian Basin. NorAm Drilling AS was incorporated in 2007 and is headquartered in Oslo, Norway.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
1.48M3.43%69.49M
Other Institutional Investors
9.03M20.85%422.70M
Public Companies & Retail Investors
32.80M75.72%1.54B
Total
43.32M100.00%2.03B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
Seabulk AS4.73%2,049,40095,912
BNY Asset Management4.04%1,751,73881,981

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FAQ

What Is the Noram Drilling AS (NORAM) Stock Price Today?

The Noram Drilling AS stock price today is 46.80 NOK.

What Stock Exchange Does Noram Drilling AS Trade On?

Noram Drilling AS is listed and trades on the Oslo Stock Exchange.

What Is the Stock Symbol for Noram Drilling AS?

The stock symbol for Noram Drilling AS is "NORAM."

Does Noram Drilling AS Pay Dividends? What’s The Current Dividend Yield?

The Noram Drilling AS dividend yield is 8.52%.

What Is the Noram Drilling AS Market Cap?

As of today, Noram Drilling AS market cap is 2.03B NOK.

What Is Noram Drilling AS's Earnings Per Share (TTM)?

The Noram Drilling AS EPS (TTM) is 0.28.

When Is the Next Noram Drilling AS Earnings Date?

Noram Drilling AS will release its next earnings report on Nov 27, 2026.

From a Technical Analysis Perspective, Is NORAM a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

How Many Times Has Noram Drilling AS Stock Split?

Noram Drilling AS has split 0 times.

How Many Employees Does Noram Drilling AS Have?

Noram Drilling AS has 311 employees.

What is the current trading status of Noram Drilling AS (NORAM)?

As of Sep 05, 2026, Noram Drilling AS (NORAM) is trading at a price of 46.80 NOK, with a previous close of 47.25 NOK. The stock has fluctuated within a day range of 46.10 NOK to 47.70 NOK, while its 52-week range spans from 26.10 NOK to 53.50 NOK.

What Is Noram Drilling AS (NORAM) Price Target According to Analysts?

The average 12-month price target for Noram Drilling AS is 56.50 NOK, with a high estimate of 60 NOK and a low estimate of 53 NOK. 2 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Strong Buy. The stock has an +20.73% Upside potential.
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