Borr Drilling Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Borr Drilling in the last twelve months. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Borr Drilling stock. 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.
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Wall Street analysts have given Borr Drilling a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Borr Drilling wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Borr Drilling saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 1,530,000 shares, a decline of 14.5% from the December 31st total of 1,790,000 shares. Based on an average daily trading volume, of 5,460,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.8% of the shares of the stock are sold short.
View Borr Drilling's Short Interest.

Borr Drilling Limited (NYSE:BORR) announced its quarterly earnings results on Monday, November, 30th. The company reported ($0.39) EPS for the quarter. The firm had revenue of $59.20 million for the quarter. Borr Drilling had a negative trailing twelve-month return on equity of 22.66% and a negative net margin of 96.36%.
View Borr Drilling's earnings history.

Borr Drilling's stock was trading at $0.84 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BORR shares have increased by 46.4% and is now trading at $1.23.
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5 analysts have issued 12-month price targets for Borr Drilling's shares. Their forecasts range from $0.65 to $0.90. On average, they anticipate Borr Drilling's stock price to reach $0.82 in the next twelve months. This suggests that the stock has a possible downside of 33.6%.
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Some companies that are related to Borr Drilling include Precision Drilling (PDS), Independence Contract Drilling (ICD), Western Energy Services (WEEEF), Seadrill (SDRLF), Diamond Offshore Drilling (DOFSQ), InPlay Oil (IPOOF), Petroteq Energy (PQEFF), Valaris (VALPQ), Noble (NEBLQ), Sauer Energy (SENY), Infinity Energy Resources (IFNY), Parker Drilling (PKDC), Erin Energy (ERINQ), Seadrill Partners (SDLPF) and Pacific Drilling (PACDQ).
View all of BORR's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Borr Drilling investors own include CytRx (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 Inc. (ACB.TO) (ACB).

(BORR) raised $51 million in an initial public offering 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "BORR."

Borr Drilling's stock is owned by many different retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (7.63%), Credit Agricole S A (0.91%), Renaissance Technologies LLC (0.19%), Virtu Financial LLC (0.15%), Citigroup Inc. (0.14%) and Credit Suisse AG (0.03%).

BORR stock was sold by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, and Credit Suisse AG.

BORR stock was bought by a variety of institutional investors in the last quarter, including Credit Agricole S A, Renaissance Technologies LLC, Citigroup Inc., and Virtu Financial LLC.

Shares of BORR 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 $1.23.

Borr Drilling has a market capitalization of $135.38 million and generates $334.10 million in revenue each year.

Borr Drilling employs 694 workers across the globe.

The official website for Borr Drilling is www.borrdrilling.com.

Borr Drilling is headquartered at S. E. PEARMAN BUILDING 2ND FL 9 PAR-LA-VILLE ROAD, HAMILTON D0, HM 11.

Borr Drilling's mailing address is S. E. PEARMAN BUILDING 2ND FL 9 PAR-LA-VILLE ROAD, HAMILTON D0, HM 11. The company can be reached via phone at 441 737 0152 or via email at [email protected]