Borr Drilling Limited (NYSE:BORR - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $2.19, but opened at $2.33. Borr Drilling shares last traded at $2.26, with a volume of 1,389,862 shares traded.
Borr Drilling Trading Up 3.0%
The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. The firm has a fifty day simple moving average of $1.86 and a two-hundred day simple moving average of $2.70. The firm has a market cap of $539.64 million, a PE ratio of 7.05 and a beta of 1.84.
Borr Drilling (NYSE:BORR - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). The firm had revenue of $217.50 million during the quarter, compared to analysts' expectations of $231.17 million. Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Capital International Investors lifted its stake in shares of Borr Drilling by 0.5% in the 4th quarter. Capital International Investors now owns 18,780,294 shares of the company's stock valued at $73,243,000 after purchasing an additional 88,412 shares during the period. FIL Ltd lifted its stake in shares of Borr Drilling by 2.4% in the 4th quarter. FIL Ltd now owns 11,593,801 shares of the company's stock valued at $45,216,000 after purchasing an additional 267,791 shares during the period. Millennium Management LLC lifted its stake in shares of Borr Drilling by 1,025.5% in the 1st quarter. Millennium Management LLC now owns 3,810,556 shares of the company's stock valued at $8,345,000 after purchasing an additional 3,471,979 shares during the period. Capital International Inc. CA lifted its stake in shares of Borr Drilling by 1.2% in the 4th quarter. Capital International Inc. CA now owns 3,321,788 shares of the company's stock valued at $12,955,000 after purchasing an additional 40,885 shares during the period. Finally, Encompass Capital Advisors LLC purchased a new position in Borr Drilling during the fourth quarter valued at $10,718,000. Hedge funds and other institutional investors own 83.12% of the company's stock.
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.
Featured Articles
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
