Borr Drilling (BORR) to Release Quarterly Earnings on Tuesday

Borr Drilling (NYSE:BORRGet Rating) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, May 23rd. Parties that are interested in registering for the company’s conference call can do so using this link.

Borr Drilling (NYSE:BORRGet Rating) last announced its quarterly earnings data on Wednesday, February 15th. The company reported ($0.09) earnings per share (EPS) for the quarter. Borr Drilling had a negative net margin of 65.98% and a negative return on equity of 18.95%. The company had revenue of $148.60 million for the quarter.

Borr Drilling Trading Up 2.4 %

Shares of BORR opened at $7.27 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.47 and a quick ratio of 0.47. Borr Drilling has a 1 year low of $2.45 and a 1 year high of $8.13. The company has a 50 day simple moving average of $7.18 and a two-hundred day simple moving average of $6.09. The firm has a market cap of $1.11 billion, a P/E ratio of -3.97 and a beta of 3.27.

Analyst Ratings Changes

BORR has been the subject of a number of recent research reports. Evercore ISI raised their target price on shares of Borr Drilling from $8.00 to $10.00 and gave the company an “in-line” rating in a report on Tuesday, February 14th. BTIG Research lifted their target price on Borr Drilling from $7.00 to $8.00 in a research report on Wednesday, January 25th.

Hedge Funds Weigh In On Borr Drilling

Several institutional investors and hedge funds have recently added to or reduced their stakes in BORR. Tower Research Capital LLC TRC grew its stake in shares of Borr Drilling by 157.1% during the third quarter. Tower Research Capital LLC TRC now owns 14,059 shares of the company’s stock worth $47,000 after acquiring an additional 8,591 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Borr Drilling in the second quarter valued at approximately $59,000. Principal Financial Group Inc. acquired a new position in Borr Drilling in the second quarter valued at approximately $62,000. JPMorgan Chase & Co. acquired a new position in shares of Borr Drilling during the 1st quarter worth approximately $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Borr Drilling during the 2nd quarter worth approximately $79,000. Hedge funds and other institutional investors own 30.55% of the company’s stock.

About Borr Drilling

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Borr Drilling Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through Dayrate; and Integrated Well Services (IWS) segments. The Dayrate segment consists of rig charters and ancillary services. The IWS segment provides integrated well services through Opex and Akal.

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Earnings History for Borr Drilling (NYSE:BORR)

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