Borr Drilling Limited (NYSE:BORR - Get Free Report)'s stock price traded up 5.3% on Wednesday . The company traded as high as $2.29 and last traded at $2.31. 1,145,338 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 4,138,962 shares. The stock had previously closed at $2.19.
Borr Drilling Stock Performance
The company's 50-day moving average is $1.87 and its two-hundred day moving average is $2.65. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 2.05. The company has a market cap of $497.29 million, a P/E ratio of 10.94 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) earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 5.11% and a return on equity of 5.14%.
Hedge Funds Weigh In On Borr Drilling
Several institutional investors and hedge funds have recently bought and sold shares of BORR. Summit Trail Advisors LLC bought a new position in Borr Drilling during the first quarter valued at $25,000. Oak Thistle LLC bought a new position in Borr Drilling during the first quarter valued at $26,000. Abel Hall LLC bought a new position in Borr Drilling during the first quarter valued at $29,000. Sterling Capital Management LLC grew 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 valued at $30,000 after purchasing an additional 6,775 shares during the period. Finally, State of Wyoming bought a new stake in shares of Borr Drilling in the first quarter valued at approximately $30,000. 83.12% of the stock is owned by institutional investors.
Borr Drilling Company Profile
(
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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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