NorAm Drilling AS (NORAM.OL) Research

NorAm Drilling AS specializes in the procurement, ownership, and operation of advanced, AC-powered drilling rigs. These sophisticated units are custom-built for horizontal well development across the United States. The company maintains a fleet of eleven such rigs, which are primarily deployed within the Permian Basin. Established in 2007, NorAm Drilling AS is headquartered in Oslo, Norway, and operates as a subsidiary of Geveran Trading Ltd.

Market snapshot

Symbol
NORAM.OL
Price
$39.05
Day change
+0.13%
Market cap
$174.5M
P/E ratio
14.37x
52-week range
22.15-53.5
Sector
Energy
Industry
Oil & Gas Equipment & Services
Next earnings
in 2 months

Peer companies

  • ABL Group ASA (ABL.OL)
  • Deep Value Driller AS (DVD.OL)
  • Eidesvik Offshore ASA (EIOF.OL)
  • Electromagnetic Geoservices ASA (EMGS.OL)
  • Northern Ocean Ltd. (NOL.OL)
  • Prosafe SE (PRS.OL)
  • Petrolia SE (PSE.OL)
  • Questerre Energy Corporation (QEC.OL)

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