Energy · Oslo Børs. Last price 46.00 NOK (+2.79% on the day). Raven's AI 12-month target for Noram Drilling Company (54.00 NOK) is 4.4% below the analyst median (56.50 NOK, 2 analysts). Updated 2026-10-09.
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Raven's AI sets a 12-month target of 54.00 NOK (+20.67% from 44.75 when it was set on 2026-10-09). Conviction: medium.
Catalysts: Q4 rig utilization trends; Oil price recovery above $80/bbl; Contract extensions for 2027
Risks: Weak oil market (currently sub-$80); Rig utilization decline; Customer budget cuts
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