Borr Drilling (BORR) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Borr Drilling in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BORR shares.
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2 analysts have issued 12 month price targets for Borr Drilling's shares. Their BORR share price forecasts range from $8.00 to $10.00. On average, they predict the company's stock price to reach $9.00 in the next twelve months. This suggests a possible upside of 28.6% from the stock's current price.
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Borr Drilling's stock was trading at $4.97 on January 1st, 2023. Since then, BORR shares have increased by 40.8% and is now trading at $7.00.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
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Borr Drilling Limited (NYSE:BORR) announced its quarterly earnings results on Thursday, August, 17th. The company reported $0.08 EPS for the quarter, meeting analysts' consensus estimates of $0.08. The company earned $187.50 million during the quarter, compared to analysts' expectations of $179.06 million. Borr Drilling had a negative trailing twelve-month return on equity of 8.33% and a negative net margin of 13.44%. The firm's revenue for the quarter was up 78.1% on a year-over-year basis.

Borr Drilling shares reverse split before market open 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) raised $51 million in an IPO on Wednesday, July 31st 2019. The company issued 5,000,000 shares at a price of $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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "BORR."

Shares of BORR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BORR stock can currently be purchased for approximately $7.00.

Borr Drilling (NYSE:BORR) has a market capitalization of $1.07 billion and generates $443.80 million in revenue each year. The company earns $-292,800,000.00 in net income (profit) each year or ($0.42) on an earnings per share basis.

The company employs 2,504 workers across the globe.

Borr Drilling's mailing address is S. E. PEARMAN BUILDING 2ND FL 9 PAR-LA-VILLE ROAD, HAMILTON D0, HM 11. The official website for the company is www.borrdrilling.com. The company can be reached via phone at (441) 542-9234 or via email at ir@borrdrilling.com.