Borr Drilling (BORR) Stock Forecast, Price & News

2 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 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.

2 Wall Street research 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 share price to reach $9.00 in the next year. This suggests a possible upside of 30.8% 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 $4.97 at the beginning of the year. Since then, BORR stock has increased by 38.4% and is now trading at $6.88.
View the best growth stocks for 2023 here.

Borr Drilling saw a drop in short interest in the month of August. As of August 15th, there was short interest totaling 11,770,000 shares, a drop of 11.6% from the July 31st total of 13,310,000 shares. Based on an average daily trading volume, of 1,550,000 shares, the days-to-cover ratio is presently 7.6 days. Approximately 5.6% of the company's shares are sold short.
View Borr Drilling's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our BORR earnings forecast.

Borr Drilling Limited (NYSE:BORR) posted its quarterly earnings results on Thursday, August, 17th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The company earned $187.50 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis.

Shares of Borr Drilling 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) raised $51 million in an initial public offering 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 acted 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (9.15%), Capital International Investors (6.17%), State Street Corp (2.24%), Geode Capital Management LLC (1.43%), Northern Trust Corp (1.02%) and Barclays PLC (0.95%).

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.

One share of BORR stock can currently be purchased for approximately $6.88.

Borr Drilling (NYSE:BORR) has a market capitalization of $1.05 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.