NorAm Drilling (Norway) Buy Hold or Sell Recommendation
| NORAM Stock | 35.20 0.90 2.49% |
Assuming the 90 days trading horizon and your conservative attitude towards risk, our recommendation regarding NorAm Drilling AS is 'Strong Sell'. The recommendation algorithm takes into account all of NorAm Drilling's available fundamental, technical, and predictive indicators you will find on this site.
Check out NorAm Drilling Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as NorAm and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards NorAm Drilling AS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
NorAm |
Execute NorAm Drilling Buy or Sell Advice
The NorAm recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on NorAm Drilling AS. Macroaxis does not own or have any residual interests in NorAm Drilling AS or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute NorAm Drilling's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
NorAm Drilling Trading Alerts and Improvement Suggestions
| NorAm Drilling AS generated a negative expected return over the last 90 days | |
| The company reported the revenue of 50.38 M. Net Loss for the year was (19.53 M) with profit before overhead, payroll, taxes, and interest of 33.99 M. | |
| NorAm Drilling AS has accumulated about 12.78 M in cash with (1.96 M) of positive cash flow from operations. |
NorAm Drilling Returns Distribution Density
The distribution of NorAm Drilling's historical returns is an attempt to chart the uncertainty of NorAm Drilling's future price movements. The chart of the probability distribution of NorAm Drilling daily returns describes the distribution of returns around its average expected value. We use NorAm Drilling AS price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of NorAm Drilling returns is essential to provide solid investment advice for NorAm Drilling.
| Mean Return | -0.08 | Value At Risk | -2.49 | Potential Upside | 2.90 | Standard Deviation | 1.66 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of NorAm Drilling historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
NorAm Drilling Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to NorAm Drilling or Energy sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that NorAm Drilling's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a NorAm stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.14 | |
β | Beta against Dow Jones | 0.37 | |
σ | Overall volatility | 1.65 | |
Ir | Information ratio | -0.13 |
NorAm Drilling Volatility Alert
NorAm Drilling AS exhibits very low volatility with skewness of 0.34 and kurtosis of 1.53. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure NorAm Drilling's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact NorAm Drilling's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.NorAm Drilling Fundamentals Vs Peers
Comparing NorAm Drilling's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze NorAm Drilling's direct or indirect competition across all of the common fundamentals between NorAm Drilling and the related equities. This way, we can detect undervalued stocks with similar characteristics as NorAm Drilling or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of NorAm Drilling's fundamental indicators could also be used in its relative valuation, which is a method of valuing NorAm Drilling by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare NorAm Drilling to competition |
| Fundamentals | NorAm Drilling | Peer Average |
| Return On Equity | -0.36 | -0.31 |
| Return On Asset | -0.0141 | -0.14 |
| Profit Margin | (0.15) % | (1.27) % |
| Operating Margin | (0.04) % | (5.51) % |
| Current Valuation | 3.11 B | 16.62 B |
| Shares Outstanding | 43.14 M | 571.82 M |
| Shares Owned By Institutions | 4.10 % | 39.21 % |
| Price To Book | 9.33 X | 9.51 X |
| Price To Sales | 29.49 X | 11.42 X |
| Revenue | 50.38 M | 9.43 B |
| Gross Profit | 33.99 M | 27.38 B |
| EBITDA | 15.9 M | 3.9 B |
| Net Income | (19.53 M) | 570.98 M |
| Cash And Equivalents | 12.78 M | 2.7 B |
| Total Debt | 80 M | 5.32 B |
| Book Value Per Share | 1.17 X | 1.93 K |
| Cash Flow From Operations | (1.96 M) | 971.22 M |
| Target Price | 69.03 | |
| Number Of Employees | 243 | 18.84 K |
| Beta | -0.31 | -0.15 |
| Market Capitalization | 2.73 B | 19.03 B |
| Total Asset | 122.07 M | 29.47 B |
| Z Score | 20.4 | 8.72 |
| Annual Yield | 0.18 % | |
| Net Asset | 122.07 M |
NorAm Drilling Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as NorAm . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About NorAm Drilling Buy or Sell Advice
When is the right time to buy or sell NorAm Drilling AS? Buying financial instruments such as NorAm Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Other Information on Investing in NorAm Stock
NorAm Drilling financial ratios help investors to determine whether NorAm Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NorAm with respect to the benefits of owning NorAm Drilling security.