NYSE:BORR

Borr Drilling (BORR) Stock Price, News & Analysis

$5.77
+0.13 (+2.30%)
(As of 04/23/2024 ET)
Today's Range
$5.54
$5.81
50-Day Range
$5.51
$6.99
52-Week Range
$5.40
$9.01
Volume
1.72 million shs
Average Volume
2.13 million shs
Market Capitalization
$879.87 million
P/E Ratio
72.13
Dividend Yield
N/A
Price Target
$9.00

Borr Drilling MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
56.0% Upside
$9.00 Price Target
Short Interest
Healthy
3.44% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.30mentions of Borr Drilling in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.08 out of 5 stars

Oils/Energy Sector

122nd out of 234 stocks

Drilling Oil & Gas Wells Industry

6th out of 13 stocks

BORR stock logo

About Borr Drilling Stock (NYSE:BORR)

Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry worldwide. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. It serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.

BORR Stock Price History

BORR Stock News Headlines

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Borr Drilling Limited - Contracting Update
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Borr Drilling Limited - Contracting update
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BORR Apr 2024 7.500 call
Borr Drilling: Fundamentals Remain Strong
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/18 Dividend
3/01/2024
Dividend Payable
3/18/2024
Today
4/23/2024
Next Earnings (Estimated)
5/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
N/A
Fax
N/A
Employees
2,869
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.00
High Stock Price Target
$9.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+56.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$22.10 million
Pretax Margin
7.27%

Debt

Sales & Book Value

Annual Sales
$771.60 million
Cash Flow
$0.98 per share
Book Value
$6.45 per share

Miscellaneous

Free Float
140,448,000
Market Cap
$879.87 million
Optionable
Optionable
Beta
3.02
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BORR Stock Analysis - Frequently Asked Questions

Should I buy or sell Borr Drilling stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Borr Drilling in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BORR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BORR, but not buy additional shares or sell existing shares.
View BORR analyst ratings
or view top-rated stocks.

What is Borr Drilling's stock price target for 2024?

1 brokers have issued 12 month price targets for Borr Drilling's stock. Their BORR share price targets range from $9.00 to $9.00. On average, they anticipate the company's share price to reach $9.00 in the next year. This suggests a possible upside of 56.0% from the stock's current price.
View analysts price targets for BORR
or view top-rated stocks among Wall Street analysts.

How have BORR shares performed in 2024?

Borr Drilling's stock was trading at $7.36 on January 1st, 2024. Since then, BORR stock has decreased by 21.6% and is now trading at $5.77.
View the best growth stocks for 2024 here
.

Are investors shorting Borr Drilling?

Borr Drilling saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 7,820,000 shares, a decline of 6.8% from the March 15th total of 8,390,000 shares. Based on an average daily trading volume, of 2,110,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 3.4% of the shares of the company are short sold.
View Borr Drilling's Short Interest
.

When is Borr Drilling's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024.
View our BORR earnings forecast
.

How were Borr Drilling's earnings last quarter?

Borr Drilling Limited (NYSE:BORR) issued its earnings results on Thursday, February, 22nd. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. The business earned $220.60 million during the quarter. Borr Drilling had a trailing twelve-month return on equity of 2.38% and a net margin of 2.86%.

How often does Borr Drilling pay dividends? What is the dividend yield for Borr Drilling?

Borr Drilling announced a monthly dividend on Friday, February 23rd. Shareholders of record on Monday, March 4th will be given a dividend of $0.05 per share on Monday, March 18th. This represents a $0.60 annualized dividend and a dividend yield of 10.40%. The ex-dividend date of this dividend is Friday, March 1st.
Read our dividend analysis for BORR
.

When did Borr Drilling's stock split?

Borr Drilling shares reverse split on the morning of Tuesday, December 14th 2021. The 1-2 reverse split was announced on Tuesday, December 14th 2021. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, December 14th 2021. An investor that had 100 shares of stock prior to the reverse split would have 50 shares after the split.

What other stocks do shareholders of Borr Drilling own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Borr Drilling investors own include LadRx (CYTR), Akorn (AKRXQ), Akers Biosciences (AKER), Akebia Therapeutics (AKBA), Adamis Pharmaceuticals (ADMP), ADMA Biologics (ADMA), Acasti Pharma (ACST), AcelRx Pharmaceuticals (ACRX), Acorda Therapeutics (ACOR) and Aurora Cannabis (ACB).

When did Borr Drilling IPO?

Borr Drilling (BORR) raised $51 million in an initial public offering on Wednesday, July 31st 2019. The company issued 5,000,000 shares at $10.16 per share. Goldman Sachs and DNB Markets acted as the underwriters for the IPO and BTIG, Citigroup, Danske Markets and Evercore ISI were co-managers.

Who are Borr Drilling's major shareholders?

Borr Drilling's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Folketrygdfondet (8.26%), Syquant Capital Sas (0.02%) and Ballentine Partners LLC (0.01%).

How do I buy shares of Borr Drilling?

Shares of BORR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BORR) was last updated on 4/24/2024 by MarketBeat.com Staff

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