Borr Drilling Limited (NYSE:BORR - Get Free Report)'s share price shot up 6.7% on Tuesday . The stock traded as high as $2.18 and last traded at $2.20. 1,234,055 shares traded hands during trading, a decline of 69% from the average session volume of 3,999,289 shares. The stock had previously closed at $2.06.
Borr Drilling Stock Down 0.7%
The stock's 50-day moving average price is $1.83 and its two-hundred day moving average price is $2.73. The stock has a market capitalization of $530.07 million, a PE ratio of 6.80 and a beta of 1.84. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current ratio of 1.41.
Borr Drilling (NYSE:BORR - Get Free Report) last posted its quarterly 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 for 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%.
Hedge Funds Weigh In On Borr Drilling
A number of institutional investors and hedge funds have recently modified their holdings of BORR. Sterling Capital Management LLC lifted its position 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 in the last quarter. Summit Trail Advisors LLC bought a new position in Borr Drilling during the first quarter valued at approximately $25,000. Oak Thistle LLC purchased a new position in shares of Borr Drilling in 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. Finally, State of Wyoming purchased a new position in shares of Borr Drilling in the 1st quarter worth $30,000. 83.12% of the stock is currently owned by hedge funds and other institutional investors.
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.
Recommended Stories
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
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
