NorAm Drilling AS (NORAM.OL)
ValueMarkers Composite Index
69% below intrinsic value ($150)
NorAm Drilling AS (NORAM.OL) — VMCI valuation read
NorAm Drilling AS (NORAM.OL) carries a VMCI composite of 61/100, 11 points above the Energy sector median of 50. Among mid-cap names, that gap places NORAM.OL in the top third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).
The NORAM.OL insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.
**Investor frame.** Value reads NORAM.OL trades at 20.0x earnings, 11% above the Energy median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Energy 12.0x. Quality: ROIC of 10.0% sits 0.0pp above the Energy median (10.0%). Risk: net debt to EBITDA of 0.5x leaves covenant headroom, the line to track on NorAm Drilling AS's next 10-Q.
NORAM.OL rose 1.6% over the trailing 7 days, with a +3.2% read on a 30-day basis.
NorAm Drilling AS invests in, owns and operates advanced high-end AC driven rigs tailored for the drilling of horizontal wells in the United States. It owns and operates fleet of eleven rigs located in the Permian Basin. The company was founded in 2007 and is headquartered in Oslo, Norway. NorAm Drilling AS is a subsidiary of Geveran Trading Ltd.
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