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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)1.31bn
- Net income in NOK208.91m
- Incorporated2007
- Employees193.00
- LocationNoram Drilling ASBryggegata 3, VikaPO Box 1327OSLO 0112NorwayNOR
- Phone+47 23114000
- Fax+47 21557607
- Websitehttps://www.noramdrilling.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Prosafe SE | 1.08bn | -748.66m | 718.92m | 255.00 | -- | 1.93 | -- | 0.6664 | -70.88 | -70.88 | 95.36 | 20.89 | 0.1968 | -- | 5.55 | 4,230,678.00 | -13.66 | -11.70 | -14.92 | -40.77 | -- | -- | -69.40 | -68.04 | -- | -1.44 | 0.9254 | -- | -51.86 | -21.82 | -4,620.00 | -- | 34.08 | -- |
| Golden Energy Offshore Services AS | 209.09m | -8.48m | 832.81m | -- | -- | 1.56 | 33.71 | 3.98 | -0.07 | -0.07 | 2.39 | 1.06 | 0.1969 | 6.81 | 5.42 | -- | -0.8034 | -10.09 | -1.02 | -15.49 | 31.34 | -- | -4.08 | -50.36 | 0.4478 | 0.8462 | 0.2968 | -- | 48.23 | 27.87 | 85.36 | -- | 106.94 | -- |
| Eidesvik Offshore ASA | 699.46m | 518.42m | 1.13bn | 420.00 | 1.92 | 0.6617 | 1.63 | 1.62 | 8.08 | 8.08 | 10.90 | 23.48 | 0.2765 | -- | 2.81 | -- | 21.23 | 1.01 | 32.26 | 1.20 | -- | -- | 76.76 | 4.98 | -- | -- | 0.352 | -- | 10.20 | 7.88 | 49.81 | -- | -- | -- |
| Dolphin Drilling AS | 788.41m | -78.40m | 1.42bn | 262.00 | -- | 0.8455 | 20.10 | 1.80 | -1.12 | -1.12 | 4.46 | 7.31 | 0.4182 | 1.57 | 2.40 | -- | -4.16 | -- | -5.94 | -- | 44.26 | -- | -9.94 | -- | 1.70 | 0.8594 | 0.093 | -- | 239.44 | -- | 89.47 | -- | -- | -- |
| Abl Group ASA | 2.77bn | 95.81m | 1.57bn | 1.47k | 15.76 | 1.36 | 10.20 | 0.5676 | 0.7775 | 0.7775 | 22.53 | 9.02 | 1.63 | -- | 3.74 | 1,892,336.00 | 5.64 | 5.41 | 8.51 | 7.80 | -- | -- | 3.45 | 4.09 | -- | 4.79 | 0.1622 | -- | 49.64 | 47.34 | 38.77 | 29.07 | 81.20 | -- |
| Reach Subsea ASA | 2.00bn | 225.79m | 1.60bn | 273.00 | 7.44 | 1.72 | 1.88 | 0.8006 | 0.79 | 0.79 | 6.31 | 3.41 | 1.10 | -- | 10.92 | -- | 12.39 | 9.73 | 18.89 | 15.91 | -- | -- | 11.31 | 8.01 | -- | 6.44 | 0.5758 | 46.64 | 71.64 | 24.20 | 212.79 | -- | 33.41 | 38.81 |
| Northern Ocean Ltd | 2.62bn | -782.87m | 1.67bn | 7.00 | -- | 0.3454 | -- | 0.6369 | -4.31 | -4.31 | 14.40 | 26.41 | 0.2246 | -- | 7.01 | -- | -6.72 | -5.43 | -7.57 | -6.54 | 19.33 | 14.54 | -29.92 | -63.70 | -- | -0.5295 | 0.5535 | -- | 993.73 | -- | 23.68 | -- | -23.13 | -- |
| Archer Ltd | 12.91bn | -310.29m | 1.76bn | 4.86k | -- | 0.8104 | 7.29 | 0.136 | -0.6971 | -0.6971 | 10.17 | 1.33 | 1.29 | -- | 6.95 | 2,658,905.00 | -3.09 | -1.99 | -7.40 | -3.79 | -- | -- | -2.39 | -1.83 | 1.01 | 0.9399 | 0.6817 | -- | 20.52 | 5.62 | -386.73 | -- | 16.51 | -- |
| Noram Drilling AS | 1.31bn | 208.91m | 1.80bn | 193.00 | 8.60 | 2.11 | 4.30 | 1.38 | 4.84 | 4.84 | 30.28 | 19.75 | 1.11 | -- | 9.06 | -- | 17.74 | -2.00 | 22.80 | -2.23 | 75.90 | 73.94 | 15.99 | -3.31 | -- | -- | -- | -- | 23.94 | 8.19 | 535.29 | -- | -25.16 | -- |
| Deep Value Driller AS | 0.00 | -344.14m | 2.33bn | -- | -- | 7.10 | -- | -- | -3.97 | -3.97 | 0.00 | 3.78 | 0.00 | -- | -- | -- | -29.70 | -- | -36.39 | -- | -- | -- | -- | -- | 0.6111 | -3.97 | 0.7163 | -- | -- | -- | -23.43 | -- | -- | -- |
| Shelf Drilling (North Sea) Ltd | 1.51bn | -265.01m | 2.52bn | -- | -- | 1.26 | -- | 1.67 | -4.38 | -4.38 | 16.81 | 19.94 | 0.2789 | -- | 4.79 | -- | -4.89 | -- | -5.28 | -- | -- | -- | -17.52 | -- | -- | 0.2036 | 0.5668 | -- | 180.78 | -- | -358.31 | -- | -- | -- |
Data as of Apr 19 2024. Currency figures normalised to Noram Drilling AS's reporting currency: Norwegian Krone NOK
7.66%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Danske Invest Asset Management ASas of 27 Sep 2023 | 930.01k | 2.16% |
| DNB Asset Management ASas of 31 Dec 2022 | 918.98k | 2.13% |
| CQS (UK) LLPas of 31 Dec 2022 | 472.95k | 1.10% |
| Chelverton Asset Management Ltd.as of 30 Jun 2023 | 424.50k | 0.98% |
| Mellon Investments Corp.as of 04 Apr 2024 | 287.59k | 0.67% |
| Yacktman Asset Management LPas of 29 Dec 2023 | 195.00k | 0.45% |
| Exchange Traded Concepts LLCas of 04 Apr 2024 | 22.47k | 0.05% |
| Mercer Global Investments Europe Ltd.as of 30 Jun 2023 | 22.06k | 0.05% |
| Acadian Asset Management LLCas of 31 Mar 2023 | 17.56k | 0.04% |
| SEI Investments Canada Co.as of 30 Jun 2023 | 14.93k | 0.04% |
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Data from 30 Jun 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
