Shares of Borr Drilling Limited (NYSE:BORR - Get Free Report) fell 2.9% during trading on Wednesday . The company traded as low as $2.16 and last traded at $2.17. 992,385 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 4,027,904 shares. The stock had previously closed at $2.23.
Borr Drilling Price Performance
The stock has a 50-day simple moving average of $1.86 and a 200 day simple moving average of $2.70. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $539.64 million, a P/E ratio of 7.05 and a beta of 1.84.
Borr Drilling (NYSE:BORR - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $217.50 million for the quarter, compared to the consensus estimate of $231.17 million. Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%.
Institutional Investors Weigh In On Borr Drilling
Several hedge funds and other institutional investors have recently made changes to their positions in BORR. X Square Capital LLC boosted its position in shares of Borr Drilling by 3.2% in the 4th quarter. X Square Capital LLC now owns 183,434 shares of the company's stock worth $715,000 after purchasing an additional 5,707 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Borr Drilling by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 140,927 shares of the company's stock worth $309,000 after acquiring an additional 6,012 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Borr Drilling by 24.9% during the first quarter. Private Advisor Group LLC now owns 31,062 shares of the company's stock worth $68,000 after acquiring an additional 6,200 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Borr Drilling by 828.2% during the fourth quarter. Sterling Capital Management LLC now owns 7,593 shares of the company's stock worth $30,000 after acquiring an additional 6,775 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Borr Drilling by 6.3% during the fourth quarter. MetLife Investment Management LLC now owns 146,500 shares of the company's stock worth $571,000 after acquiring an additional 8,698 shares in the last quarter. 83.12% of the stock is owned by institutional investors and hedge funds.
Borr Drilling Company Profile
(
Get Free Report)
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.
Read More
Before you consider Borr Drilling, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Borr Drilling wasn't on the list.
While Borr Drilling currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.