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Noram Drilling AS
OSE:NORAM

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Noram Drilling AS
OSE:NORAM
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Price: 34.8 NOK -1.14% Market Closed
Market Cap: 1.5B NOK
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Gross Margin
Noram Drilling AS

73.8%
Current
72%
Average
34.1%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
73.8%
=
Gross Profit
81.6m
/
Revenue
110.6m

Gross Margin Across Competitors

Country NO
Market Cap 1.5B NOK
Gross Margin
74%
Country US
Market Cap 62.3B USD
Gross Margin
20%
Country US
Market Cap 43.8B USD
Gross Margin
21%
Country US
Market Cap 28.2B USD
Gross Margin
19%
Country LU
Market Cap 19.9B EUR
Gross Margin
36%
Country UK
Market Cap 13.2B USD
Gross Margin
19%
Country US
Market Cap 6.5B USD
Gross Margin
23%
Country US
Market Cap 6.2B USD
Gross Margin
35%
Country US
Market Cap 6B USD
Gross Margin
32%
Country CN
Market Cap 41.8B CNY
Gross Margin
14%
Country US
Market Cap 5.5B USD
Gross Margin
39%
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Noram Drilling AS
Glance View

Market Cap
1.5B NOK
Industry
Energy

NorAm Drilling AS engages in the ownership and operation of land-based oil and gas drilling rigs. The company is headquartered in Oslo, Oslo. The company went IPO on 2007-05-15. The firm 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.

NORAM Intrinsic Value
42.09 NOK
Undervaluation 17%
Intrinsic Value
Price
N

See Also

Discover More
What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
73.8%
=
Gross Profit
81.6m
/
Revenue
110.6m
What is the Gross Margin of Noram Drilling AS?

Based on Noram Drilling AS's most recent financial statements, the company has Gross Margin of 73.8%.