State of Wyoming Purchases New Position in Borr Drilling Limited $BORR

State of Wyoming purchased a new stake in Borr Drilling Limited (NYSE:BORR) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,734 shares of the company’s stock, valued at approximately $30,000.

Several other large investors have also made changes to their positions in the company. Ieq Capital LLC bought a new stake in shares of Borr Drilling in the 1st quarter valued at approximately $84,000. Walleye Capital LLC bought a new stake in shares of Borr Drilling in the 1st quarter valued at approximately $591,000. Jump Financial LLC grew its stake in shares of Borr Drilling by 256.7% in the 1st quarter. Jump Financial LLC now owns 663,000 shares of the company’s stock valued at $1,452,000 after buying an additional 477,119 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Borr Drilling by 169.9% in the 1st quarter. Hsbc Holdings PLC now owns 77,012 shares of the company’s stock worth $170,000 after purchasing an additional 48,474 shares during the last quarter. Finally, Tejara Capital Ltd lifted its holdings in Borr Drilling by 4.2% in the 1st quarter. Tejara Capital Ltd now owns 2,293,558 shares of the company’s stock worth $5,023,000 after purchasing an additional 91,969 shares during the last quarter. Institutional investors own 83.12% of the company’s stock.

Borr Drilling Stock Up 1.8%

Shares of BORR stock opened at $3.10 on Thursday. Borr Drilling Limited has a 12 month low of $1.55 and a 12 month high of $5.82. The firm has a market cap of $731.13 million, a PE ratio of 14.74 and a beta of 1.99. The stock has a 50 day moving average of $2.37 and a 200-day moving average of $2.15. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.91.

Borr Drilling (NYSE:BORR) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Borr Drilling had a return on equity of 5.46% and a net margin of 5.48%.The company had revenue of $267.70 million during the quarter, compared to analyst estimates of $265.81 million.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BORR. Fearnley Fonds lowered Borr Drilling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. SEB Equity Research set a $2.40 target price on Borr Drilling in a report on Monday, September 1st. Finally, BTIG Research lowered Borr Drilling from a “buy” rating to a “neutral” rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.70.

Borr Drilling Company Profile

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.