NYSE:BORR

Borr Drilling (BORR) Stock Forecast, Price & News

$7.10

-0.15 (-2.07%)

(As of 09/29/2023 ET)

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Today's Range: $7.00
▼
$7.25
50-Day Range: $6.81
▼
$8.90
52-Week Range: $3.29
▼
$9.01

Volume: 1.08 million shs
Average Volume: 1.36 million shs
Market Capitalization: $1.08 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.00

Borr Drilling MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 26.8% Upside
$9.00 Price Target
Short Interest: Bearish
5.50% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.75 out of 5 stars

Oils/Energy Sector

212th out of 248 stocks

Drilling Oil & Gas Wells Industry

10th out of 12 stocks

3.3

Analyst's Opinion

Consensus Rating
Borr Drilling has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.00, Borr Drilling has a forecasted upside of 26.8% from its current price of $7.10.
Amount of Analyst Coverage
Borr Drilling has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
5.50% of the float of Borr Drilling has been sold short.
Short Interest Ratio / Days to Cover
Borr Drilling has a short interest ratio ("days to cover") of 7.4.
Change versus previous month
Short interest in Borr Drilling has recently decreased by 2.68%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Borr Drilling does not currently pay a dividend.
Dividend Growth
Borr Drilling does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BORR.

3.2

News and Social Media Coverage

News Sentiment
Borr Drilling has a news sentiment score of 1.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Borr Drilling this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for BORR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
5 people have added Borr Drilling to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Borr Drilling insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 7.90% of the stock of Borr Drilling is held by insiders.
Percentage Held by Institutions
51.36% of the stock of Borr Drilling is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Borr Drilling is -16.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Borr Drilling is -16.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Borr Drilling has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Borr Drilling (NYSE:BORR) Stock

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. It serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.

BORR Price History

30 days | 90 days | 365 days | Advanced Chart

BORR Stock News Headlines

September 8, 2023 | finance.yahoo.com

Unveiling Borr Drilling (BORR)'s Value: Is It Really Priced Right? A Comprehensive Guide

September 8, 2023 | finance.yahoo.com

Is Borr Drilling Ltd (BORR) Set to Underperform? Analyzing the Factors Limiting Growth

September 30, 2023 | Behind the Markets (Ad)

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The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

September 7, 2023 | msn.com

Transocean: Registration Statement For Largest Shareholder No Reason To Worry - Buy

August 31, 2023 | finance.yahoo.com

Borr Drilling Limited: 2023 AGM Results Notification

August 31, 2023 | finance.yahoo.com

Borr Drilling Limited: 2023 AGM Results Notification

August 29, 2023 | seekingalpha.com

Borr Drilling shares up after announcing Letter of Award

August 29, 2023 | benzinga.com

Borr Drilling Clinches $211M in Drilling Contracts For Dual Jack-Up Rigs In West Africa

September 30, 2023 | Legacy Research (Ad)

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August 29, 2023 | finance.yahoo.com

Borr Drilling Limited - Announcement of Letter of Award

August 18, 2023 | finance.yahoo.com

Borr Drilling Limited (NYSE:BORR) Q2 2023 Earnings Call Transcript

August 18, 2023 | msn.com

Borr Drilling: Q2 Results And Outlook Disappoint - Buy On Weakness

August 17, 2023 | seekingalpha.com

Borr Drilling Limited 2023 Q2 - Results - Earnings Call Presentation

August 17, 2023 | finance.yahoo.com

Borr Drilling Limited - Q2 2023 Presentation

August 17, 2023 | finance.yahoo.com

Borr Drilling Limited Announces Second Quarter and Six Months 2023 Results

August 16, 2023 | seekingalpha.com

Borr Drilling Q2 2023 Earnings Preview

August 16, 2023 | uk.finance.yahoo.com

BORR - Borr Drilling Limited

August 8, 2023 | finance.yahoo.com

Borr Drilling Limited - Invitation to webcast and conference call Q2 2023 results

August 6, 2023 | thetimes.co.uk

A rigged system: why North Sea oil workers fear for their future

July 31, 2023 | finance.yahoo.com

Borr Drilling Limited - Announcement of Letters of Award

July 19, 2023 | finance.yahoo.com

3 Small-Cap Stocks to Buy for 3X Returns Potential

July 6, 2023 | finance.yahoo.com

Borr Drilling Limited - Notice of Annual General Meeting 2023

July 5, 2023 | finance.yahoo.com

3 Turnaround Stocks to Buy for Massive Upside Potential

June 29, 2023 | finance.yahoo.com

Borr Drilling Limited - 2023 Annual General Meeting date

June 23, 2023 | seekingalpha.com

Borr Drilling secures $41M contract extension from Valeura Energy

June 23, 2023 | benzinga.com

Borr Drilling Announces Contract Extension Worth $41M from Valeura Energy in Thailand

June 23, 2023 | finance.yahoo.com

Borr Drilling Limited - Announcement of contract extension

See More Headlines

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BORR Company Calendar

Last Earnings: 8/17/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/16/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Drilling oil & gas wells
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:BORR
CUSIP: N/A
CIK: 1715497
Web: www.borrdrilling.com
Phone: (441) 542-9234
Fax: N/A
Employees: 2,504
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $9.00
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $8.00
Forecasted Upside/Downside: +26.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.42)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-292,800,000.00
Net Margins: -13.44%
Pretax Margin: -7.60%
Return on Equity: -8.33%
Return on Assets: -2.43%

Debt

Debt-to-Equity Ratio: 1.70
Current Ratio: 0.86
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $443.80 million
Price / Sales: 2.44
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $5.89 per share
Price / Book: 1.21

Miscellaneous

Outstanding Shares: 152,490,000
Free Float: 140,448,000
Market Cap: $1.08 billion
Optionable: Not Optionable
Beta: 3.26

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Key Executives

Mr. Patrick Arnold Henk Schorn (Age 54)
Chief Exec. Officer

Mr. Magnus Vaaler (Age 39)
Chief Financial Officer

Mr. Tor Olav Troim (Age 60)
Founder & Chairman

Mr. Rune Magnus Lundetrae (Age 46)
Deputy Chief Exec. Officer

Ms. Mi Hong Yoon (Age 52)
Company Sec. & Director

Mr. Daniel W. Rabun (Age 68)
Company Sec. & Director

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

BORR Stock - Frequently Asked Questions

Should I buy or sell Borr Drilling stock right now?: 2 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" BORR shares.
View BORR analyst ratings or view top-rated stocks.
What is Borr Drilling's stock price forecast for 2023?: 2 Wall Street research analysts have issued 1 year price objectives for Borr Drilling's stock. Their BORR share price forecasts range from $8.00 to $10.00. On average, they predict the company's share price to reach $9.00 in the next year. This suggests a possible upside of 26.8% from the stock's current price.
View analysts price targets for BORR or view top-rated stocks among Wall Street analysts.
How have BORR shares performed in 2023?: Borr Drilling's stock was trading at $4.97 at the beginning of 2023. Since then, BORR stock has increased by 42.9% and is now trading at $7.10.
View the best growth stocks for 2023 here.
When is Borr Drilling's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our BORR earnings forecast.
How were Borr Drilling's earnings last quarter?: Borr Drilling Limited (NYSE:BORR) announced its quarterly earnings results on Thursday, August, 17th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The company earned $187.50 million during the quarter, compared to analyst estimates of $179.06 million. Borr Drilling had a negative net margin of 13.44% and a negative trailing twelve-month return on equity of 8.33%. The firm's revenue was up 78.1% compared to the same quarter last year.
When did Borr Drilling's stock split?: Borr Drilling shares reverse split on the morning of 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 closing bell 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.

What other stocks do shareholders of Borr Drilling own?: 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).
When did Borr Drilling IPO?: (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.
What is Borr Drilling's stock symbol?: Borr Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "BORR."
How do I buy shares of Borr Drilling?: 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.
Compare Top Brokerages Here.
What is Borr Drilling's stock price today?: One share of BORR stock can currently be purchased for approximately $7.10.
How much money does Borr Drilling make?: Borr Drilling (NYSE:BORR) has a market capitalization of $1.08 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.
How many employees does Borr Drilling have?: The company employs 2,504 workers across the globe.
How can I contact Borr Drilling?: 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.

This page (NYSE:BORR) was last updated on 9/30/2023 by MarketBeat.com Staff

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