Borr Drilling (BORR) Stock Price, News & Analysis

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Borr Drilling in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BORR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BORR, but not buy additional shares or sell existing shares.
View BORR analyst ratings or view top-rated stocks.

1 analysts have issued 12-month target prices for Borr Drilling's shares. Their BORR share price targets range from $9.00 to $9.00. On average, they predict the company's stock price to reach $9.00 in the next year. This suggests a possible upside of 57.1% from the stock's current price.
View analysts price targets for BORR or view top-rated stocks among Wall Street analysts.

Borr Drilling's stock was trading at $7.36 at the start of the year. Since then, BORR shares have decreased by 22.1% and is now trading at $5.73.
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Borr Drilling saw a decline in short interest in March. As of March 31st, there was short interest totaling 7,820,000 shares, a decline of 6.8% from the March 15th total of 8,390,000 shares. Based on an average daily trading volume, of 2,110,000 shares, the days-to-cover ratio is presently 3.7 days. Approximately 3.4% of the shares of the stock are sold short.
View Borr Drilling's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024.
View our BORR earnings forecast.

Borr Drilling Limited (NYSE:BORR) issued its earnings results on Thursday, February, 22nd. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. The firm had revenue of $220.60 million for the quarter. Borr Drilling had a net margin of 2.86% and a trailing twelve-month return on equity of 2.38%.

Borr Drilling declared a monthly dividend on Friday, February 23rd. Stockholders of record on Monday, March 4th will be given a dividend of $0.05 per share on Monday, March 18th. This represents a $0.60 annualized dividend and a dividend yield of 10.47%. The ex-dividend date of this dividend is Friday, March 1st.
Read our dividend analysis for BORR.

Borr Drilling's stock reverse split on Tuesday, December 14th 2021. The 1-2 reverse split was announced on Tuesday, December 14th 2021. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, December 14th 2021. An investor that had 100 shares of stock prior to the reverse split would have 50 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Borr Drilling investors own include LadRx (CYTR), Akorn (AKRXQ), Akers Biosciences (AKER), Akebia Therapeutics (AKBA), Adamis Pharmaceuticals (ADMP), ADMA Biologics (ADMA), Acasti Pharma (ACST), AcelRx Pharmaceuticals (ACRX), Acorda Therapeutics (ACOR) and Aurora Cannabis (ACB).

Borr Drilling (BORR) raised $51 million in an IPO on Wednesday, July 31st 2019. The company issued 5,000,000 shares at $10.16 per share. Goldman Sachs and DNB Markets served as the underwriters for the IPO and BTIG, Citigroup, Danske Markets and Evercore ISI were co-managers.

Borr Drilling's stock is owned by a number of institutional and retail investors. Top institutional investors include Folketrygdfondet (8.26%), Syquant Capital Sas (0.02%) and Ballentine Partners LLC (0.01%).

Shares of BORR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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