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 brokers have issued 1-year price targets 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 20.1% from the stock's current price.
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Borr Drilling's stock was trading at $4.97 at the start of the year. Since then, BORR stock has increased by 50.8% and is now trading at $7.4950.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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Borr Drilling Limited (NYSE:BORR) issued its quarterly earnings data on Wednesday, February, 15th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $148.60 million for the quarter. Borr Drilling had a negative net margin of 46.63% and a negative trailing twelve-month return on equity of 13.66%.

iShares Micro-Cap ETF holds 443,891 shares of BORR stock, representing 0.36% of its portfolio.

Shares of Borr Drilling 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 $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. (8.57%), Folketrygdfondet (5.99%), State Street Corp (2.00%), Barclays PLC (1.43%), Geode Capital Management LLC (1.23%) and Tejara Capital Ltd (0.74%).

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 $7.50.

Borr Drilling (NYSE:BORR) has a market capitalization of $1.14 billion and generates $443.80 million in revenue each year. The company earns $-292,800,000.00 in net income (profit) each year or ($1.51) 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.