Borr Drilling - BORR Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Borr Drilling in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BORR shares.
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4 brokerages have issued 12 month target prices for Borr Drilling's stock. Their BORR share price forecasts range from $8.00 to $10.00. On average, they expect the company's stock price to reach $9.00 in the next year. This suggests a possible upside of 15.1% 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 57.3% and is now trading at $7.82.
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Borr Drilling saw a increase in short interest in February. As of February 28th, there was short interest totaling 10,770,000 shares, an increase of 12.4% from the February 13th total of 9,580,000 shares. Based on an average trading volume of 1,510,000 shares, the days-to-cover ratio is currently 7.1 days. Currently, 5.0% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 30th 2023.
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Borr Drilling Limited (NYSE:BORR) posted its earnings results on Wednesday, February, 15th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm earned $148.60 million during the quarter. Borr Drilling had a negative net margin of 65.98% and a negative trailing twelve-month return on equity of 19.32%.

Borr Drilling shares 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 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.

Borr Drilling issued an update on its fourth quarter 2022 earnings guidance on Tuesday, January, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $140.00 million-$155.00 million, compared to the consensus revenue estimate of $134.40 million.

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 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 a variety of institutional and retail investors. Top institutional investors include Skandinaviska Enskilda Banken AB publ (2.46%), Encompass Capital Advisors LLC (1.64%), Geode Capital Management LLC (1.16%), Bank of Montreal Can (0.86%), Renaissance Technologies LLC (0.75%) and Barclays PLC (0.69%).

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 $7.82.

Borr Drilling (NYSE:BORR) has a market capitalization of $1.19 billion and generates $364.30 million in revenue each year. The company earns $-292,800,000.00 in net income (profit) each year or ($1.83) on an earnings per share basis.

The company employs 1,926 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.