Borr Drilling Limited (NYSE:BORR - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $2.17 and last traded at $2.24, with a volume of 1964021 shares changing hands. The stock had previously closed at $2.29.
Borr Drilling Stock Down 3.4 %
The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.91. The company's fifty day moving average price is $3.22 and its 200-day moving average price is $4.15. The stock has a market capitalization of $536.74 million, a PE ratio of 6.64 and a beta of 2.69.
Borr Drilling (NYSE:BORR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%. The company had revenue of $263.10 million for the quarter, compared to analysts' expectations of $247.78 million.
Borr Drilling Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 3rd will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Monday, March 3rd. Borr Drilling's dividend payout ratio (DPR) is 31.25%.
Institutional Trading of Borr Drilling
A number of institutional investors and hedge funds have recently bought and sold shares of BORR. Encompass Capital Advisors LLC purchased a new stake in shares of Borr Drilling during the fourth quarter valued at approximately $10,718,000. Jane Street Group LLC lifted its position in Borr Drilling by 842.5% in the 4th quarter. Jane Street Group LLC now owns 1,949,508 shares of the company's stock valued at $7,603,000 after acquiring an additional 1,742,670 shares in the last quarter. Linden Advisors LP purchased a new stake in Borr Drilling during the 4th quarter valued at $6,321,000. Renaissance Technologies LLC increased its holdings in shares of Borr Drilling by 5,369.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,509,600 shares of the company's stock worth $5,887,000 after purchasing an additional 1,482,000 shares in the last quarter. Finally, Lloyd Harbor Capital Management LLC purchased a new position in shares of Borr Drilling in the fourth quarter worth $5,220,000. 83.12% of the stock is currently owned by institutional investors.
About Borr Drilling
(
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Borr Drilling Limited operates as an offshore shallow-water 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.
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