NORAM.OL
Price:
$46.8
Market Cap:
$217.85M
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.
Industry
Oil & Gas Drilling
IPO Date
2022-10-07
Stock Exchange
OSL
Ticker
NORAM.OL
According to NorAm Drilling AS’s latest financial reports and current stock price. The company's current ROE is 22.12%. This represents a change of 302.65% compared to the average of 5.49% of the last 4 quarters.
The mean historical ROE of NorAm Drilling AS over the last ten years is -4.03%. The current 22.12% ROE has changed -648.99% with respect to the historical average. Over the past ten years (40 quarters), NORAM.OL's ROE was at its highest in in the December 2022 quarter at 11.34%. The ROE was at its lowest in in the December 2023 quarter at -2.66%.
Average
-4.03%
Median
3.63%
Minimum
-55.84%
Maximum
27.16%
Discovering the peaks and valleys of NorAm Drilling AS ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 654.20%
Maximum Annual ROE = 27.16%
Minimum Annual Increase = -106.50%
Minimum Annual ROE = -55.84%
| Year | ROE | Change |
|---|---|---|
| 2025 | 27.16% | 544.36% |
| 2024 | 4.22% | -84.25% |
| 2023 | 26.76% | 637.13% |
| 2022 | 3.63% | -106.50% |
| 2021 | -55.84% | 85.30% |
| 2020 | -30.13% | 654.20% |
The current ROE of NorAm Drilling AS (NORAM.OL) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages
3-year avg
19.38%
5-year avg
1.19%
10-year avg
-4.03%
NorAm Drilling AS’s ROE is less than Prosafe SE (125.95%), less than ABL Group ASA (4.90%), less than Eidesvik Offshore ASA (3.49%), less than S.D. Standard ETC Plc (5.65%), greater than Questerre Energy Corporation (-74.92%), less than Petrolia SE (15.91%), greater than Reach Subsea ASA (-6.49%), less than Deep Value Driller AS (216.09%), greater than Northern Ocean Ltd. (-30.96%), less than Electromagnetic Geoservices ASA (182.94%),
| Company | ROE | Market cap |
|---|---|---|
| 125.95% | $1.88B | |
| 4.90% | $1.23B | |
| 3.49% | $1.25B | |
| 5.65% | $936.20M | |
| -74.92% | $851.06M | |
| 15.91% | $371.91M | |
| -6.49% | $2.09B | |
| 216.09% | $1.89B | |
| -30.96% | $2.26B | |
| 182.94% | $42.04M |
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