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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2026-07-28), NorAm Drilling AS's 6-1 Month Momentum % is 22.71%.
The industry rank for NorAm Drilling AS's 6-1 Month Momentum % or its related term are showing as below:
OSL:NORAM's 6-1 Month Momentum % is ranked better than 79.21% of 1015
companies
in the Oil & Gas industry
Industry Median: 1.71
vs OSL:NORAM: 22.71
NorAm Drilling AS (OSL:NORAM) 6-1 Month Momentum % Explanation
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
NorAm Drilling AS 6-1 Month Momentum % Related Terms
OSL:NORAM vs SLB, BKR, FTI: 6-1 Month Momentum % Comparison
For the Oil & Gas Equipment & Services subindustry, NorAm Drilling AS's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NorAm Drilling AS 6-1 Month Momentum % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NorAm Drilling AS's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where NorAm Drilling AS's 6-1 Month Momentum % falls into.
NorAm Drilling AS (OSL:NORAM) 6-1 Month Momentum % Calculation
6-1 Month Momentum % is calculated as following:
6-1 Month Momentum %
=
( Price 1-month ago
/
Price 6-month ago
- 1 )
*
100 %
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NorAm Drilling AS (OSL:NORAM) has a 6-1 Month Momentum % of 22.71% as of Jul. 28, 2026. 6-1 Month Momentum measures the total return of the stock from 6-month ago to 1-month ago. View historical data on NorAm Drilling AS and its competitors. According to the industry distribution chart, NorAm Drilling AS ranks #211 out of 1015 companies in the Oil & Gas industry, placing it in the top 20.8%.
Is NorAm Drilling AS's 6-1 Month Momentum % too high?
NorAm Drilling AS's current 6-1 Month Momentum % is 22.71%. The Oil & Gas industry median 6-1 Month Momentum % is 1.71. NorAm Drilling AS's value of 22.71% is 1228.1% above this industry median. Based on the distribution chart, NorAm Drilling AS ranks #211 out of 1015 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, NorAm Drilling AS has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's 6-1 Month Momentum % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, NorAm Drilling AS ranks #211 out of 1015 companies for 6-1 Month Momentum %. This places NorAm Drilling AS in the top 21% of its industry — outperforming the majority of peers. The industry median 6-1 Month Momentum % is 1.71. NorAm Drilling AS's value of 22.71% is 1228.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 6-1 Month Momentum % for an Oil & Gas company?
The median 6-1 Month Momentum % among Oil & Gas companies is 1.71, based on 1,015 companies in the industry. Companies in the top quartile (top 25%) have a 6-1 Month Momentum % significantly above this median, while those in the bottom quartile fall well below. However, 6-1 Month Momentum % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NorAm Drilling AS's current 6-1 Month Momentum % of 22.71% is 1228.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 6-1 Month Momentum % mean?
A high 6-1 Month Momentum % can signal that a stock is expensive relative to its fundamentals. 6-1 Month Momentum measures the total return of the stock from 6-month ago to 1-month ago. View historical data on NorAm Drilling AS and its competitors. For the Oil & Gas industry, the median 6-1 Month Momentum % is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NorAm Drilling AS's current 6-1 Month Momentum % is 22.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NorAm Drilling AS stock overvalued right now?
Based on GuruFocus' analysis, NorAm Drilling AS (OSL:NORAM) is currently considered Modestly Overvalued. The stock's GF Value™ is kr33.71, compared to a current price of kr42.55 — trading 26.2% above its estimated fair value. The current 6-1 Month Momentum % is 22.71% and 1228.1% above the Oil & Gas industry median of 1.71. NorAm Drilling AS's overall GF Score™ is 89/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 6-1 Month Momentum % calculated?
6-1 Month Momentum % is calculated from a company's financial statements. For NorAm Drilling AS (OSL:NORAM), the current 6-1 Month Momentum % is 22.71% as of Jul. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NorAm Drilling AS (OSL:NORAM) Overvalued in 2026?
Based on GuruFocus' analysis, NorAm Drilling AS stock appears to be overvalued.
The current stock price of kr42.55 is trading 26.2% above its estimated GF Value™ of kr33.71.
GuruFocus considers NorAm Drilling AS to be Modestly Overvalued.
Key valuation signals for OSL:NORAM:
6-1 Month Momentum %: 22.71%
GF Value™: kr33.71 vs. price of kr42.55 (26.2% above fair value)
Industry Position: 1228.1% above the Oil & Gas median (#211 of 1015)
No single metric tells the full story. See the OSL:NORAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NorAm Drilling AS owns and operates a quality rig portfolio of super spec developed high-end AC driven rigs tailored for the drilling of horizontal wells in the USA land drilling market. 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. The group's operating segments are NorAm Drilling Company, which derives maximum revenue, and NorAm Drilling AS.
89GF Score
Get the complete analysis for OSL:NORAM
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