ATLASATLAS fair value
NOK 18.73
Above fair value · 158% premium
Range: NOK 15–NOK 23Fair valuePrice
NorAm Drilling AS (NORAM.OL)
NorAm Drilling AS stock price today, ATLAS forecast and fair value
Energy · Oil & Gas Equipment & Services · Oslo Børs · Norway
NOK 48.30▲ +1.26%
Prices as of Oct 27, 2026 · NOK
Chance of rising in 1 month
52%
that it ends higher than today in 21 sessions
0%coin flip 50%100%
This is just the summary. See everything on NorAm Drilling AS in ATLAS
ATLAS's own quantitative analysis, all in one place.
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
- Officers and shareholdersWho runs the company and which funds hold its shares.
- Customer and supplier mapWho it does business with, from its own filings.
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On NorAm Drilling AS
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
- Officers and shareholdersWho runs the company and which funds hold its shares.
- Customer and supplier mapWho it does business with, from its own filings.
- Valuation and financialsFair value step by step, quarterly accounts and upcoming events.
- NewsThe latest on the company, in one place.
And for you
- ATLAS builds your portfolioAnswer a short test and get portfolios that fit you.
- AlertsWe let you know when something changes in your stocks.
- Crisis simulatorHow your portfolio would do in a crash like 2008.
- Practice risk-free$10,000 in virtual money to invest at real prices.
- Global screenerSearch US stocks and stocks from 47 countries with filters.
Plans from €3.99 a month.
ATLAS estimates NorAm Drilling AS's fair value at about NOK 18.73 per share (reasonable range: NOK 15.27 to NOK 22.74). At NOK 48.30, the stock trades 158% above it.
It is calculated with valuation multiples of comparable companies. Confidence in the estimate is low. It is an estimate, not a promise: if the company's results change, so does its fair value.
ATLAS's model gives NorAm Drilling AS a 52% chance of finishing higher a month from now (21 trading sessions) than today: close to a coin flip.
In half of the simulated outcomes the price ends between NOK 46.39 and NOK 50.60; in 9 out of 10, between NOK 42.96 and NOK 54.66. Estimated annual volatility is 23%.
Price, last 12 months (weekly close)
Key numbers
- Market cap
- NOK 2.0B
- Market cap (USD)
- $216M
- P/E ratio
- 16.5
- 52-week high
- NOK 53.50
- 52-week low
- NOK 26.95
- Revenue (12 months)
- $106M
- Gross margin
- 70.4%
- Operating margin
- 16.4%
- Net margin
- 12.1%
- Beta
- -0.16
What this means
These are two different questions: fair value looks at the business (what it is worth given what it earns) and the odds look at the price over the next month. NorAm Drilling AS sits above fair value and its odds of rising over a month are close to a coin flip. An expensive stock can keep climbing and a cheap one can keep falling, which is why ATLAS shows the two readings separately.
Over the last 52 weeks NORAM.OL has traded between NOK 26.95 and NOK 53.50. Today it is 9.7% below that high and 79% above its low.
On the business: net margin is 12.1%; it trades at 16.5 times earnings.
Its beta is -0.16: it tends to move less than the market.
About the company
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.
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Comparable companies
Other companies in the same line of business:
Frequently asked questions
What is NorAm Drilling AS (NORAM.OL) fair value?
About NOK 18.73 per share according to ATLAS (reasonable range: NOK 15.27 to NOK 22.74). With the stock at NOK 48.30, it is 158% above it.
What is the chance NORAM.OL goes up next month?
52%: close to a coin flip. In half of the simulated outcomes, NORAM.OL ends the month between NOK 46.39 and NOK 50.60.
How big is NorAm Drilling AS and what is its P/E ratio?
NorAm Drilling AS's market capitalization is NOK 2.0B. Its price-to-earnings (P/E) ratio is 16.5: you pay NOK 16.5 for each NOK 1.00 of yearly earnings.
How volatile is NORAM.OL?
ATLAS estimates annual volatility at 23%. In a typical month, half of the outcomes end between NOK 46.39 and NOK 50.60.
Not investment advice. ATLAS estimates are produced by statistical models from public data; they can be wrong and past performance does not predict future results. Consider your own situation before investing. Disclaimer