Borr Drilling (NYSE:BORR) Hits New 52-Week Low at $5.69

Shares of Borr Drilling Limited (NYSE:BORR - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $5.69 and last traded at $5.76, with a volume of 2398752 shares. The stock had previously closed at $5.85.

Analyst Upgrades and Downgrades

Separately, Evercore ISI decreased their price target on Borr Drilling from $10.00 to $9.00 and set an "in-line" rating for the company in a research note on Friday, February 23rd.

Borr Drilling Price Performance

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $876.82 million, a P/E ratio of 71.88 and a beta of 3.02. The stock has a 50 day moving average of $6.35 and a 200-day moving average of $6.54.

Borr Drilling (NYSE:BORR - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. The company had revenue of $220.60 million for the quarter. Borr Drilling had a return on equity of 2.38% and a net margin of 2.86%.

Borr Drilling Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.60 annualized dividend and a yield of 10.43%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ballentine Partners LLC purchased a new position in shares of Borr Drilling in the 1st quarter valued at $88,000. Syquant Capital Sas purchased a new position in shares of Borr Drilling in the 1st quarter valued at $188,000. Vanguard Group Inc. increased its holdings in shares of Borr Drilling by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 9,270,971 shares of the company's stock valued at $68,234,000 after acquiring an additional 129,683 shares during the period. Virtu Financial LLC purchased a new position in shares of Borr Drilling in the 4th quarter valued at $202,000. Finally, FIL Ltd increased its holdings in shares of Borr Drilling by 312.2% in the 4th quarter. FIL Ltd now owns 5,191,241 shares of the company's stock valued at $38,208,000 after acquiring an additional 3,931,841 shares during the period. 83.12% of the stock is currently owned by hedge funds and other institutional investors.

Borr Drilling Company Profile

Borr Drilling Limited operates as an offshore 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.