Borr Drilling Limited (NYSE:BORR - Get Free Report) was down 2.9% during trading on Wednesday . The company traded as low as $2.16 and last traded at $2.17. Approximately 992,385 shares traded hands during trading, a decline of 75% from the average daily volume of 4,027,904 shares. The stock had previously closed at $2.23.
Borr Drilling Stock Performance
The stock has a market cap of $524.09 million, a P/E ratio of 6.84 and a beta of 1.84. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.41 and a quick ratio of 1.41. The company has a fifty day moving average of $1.84 and a 200 day moving average of $2.72.
Borr Drilling (NYSE:BORR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The firm had revenue of $217.50 million for the quarter, compared to analyst estimates of $231.17 million. Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%.
Institutional Investors Weigh In On Borr Drilling
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new stake in Borr Drilling during the first quarter worth approximately $186,000. Pingora Partners LLC lifted its position in shares of Borr Drilling by 39.9% during the 1st quarter. Pingora Partners LLC now owns 120,000 shares of the company's stock valued at $263,000 after acquiring an additional 34,200 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Borr Drilling by 1,025.5% during the 1st quarter. Millennium Management LLC now owns 3,810,556 shares of the company's stock worth $8,345,000 after acquiring an additional 3,471,979 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Borr Drilling by 4.5% in the 1st 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 during the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Borr Drilling in the 1st quarter worth $476,000. 83.12% of the stock is currently owned by institutional investors.
About Borr Drilling
(
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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.
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