Borr Drilling (BORR) Stock Price, News & Analysis

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Borr Drilling in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street 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.

1 analysts have issued 1-year price objectives for Borr Drilling's shares. Their BORR share price targets range from $9.00 to $9.00. On average, they expect the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 63.2% from the stock's current price.
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Borr Drilling's stock was trading at $7.36 at the beginning of the year. Since then, BORR shares have decreased by 25.1% and is now trading at $5.5150.
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Borr Drilling saw a decrease in short interest in March. As of March 31st, there was short interest totaling 7,820,000 shares, a decrease 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 currently 3.7 days. Approximately 3.4% of the shares of the company are sold short.
View Borr Drilling's Short Interest.

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

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

Borr Drilling declared a monthly dividend on Friday, February 23rd. Stockholders of record on Monday, March 4th will be paid a dividend of $0.05 per share on Monday, March 18th. This represents a $0.60 annualized dividend and a dividend yield of 10.88%. The ex-dividend date of this dividend is Friday, March 1st.
Read our dividend analysis for BORR.

Borr Drilling's stock 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 market closes 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.

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).

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.

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

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.
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