Borr Drilling (NYSE:BORR) Hits New 1-Year Low - Time to Sell?

Borr Drilling Limited (NYSE:BORR - Get Free Report) shares reached a new 52-week low on Monday . The company traded as low as $2.47 and last traded at $2.50, with a volume of 826879 shares changing hands. The stock had previously closed at $2.52.

Borr Drilling Stock Up 5.9 %

The firm has a market cap of $607.46 million, a PE ratio of 7.52 and a beta of 2.69. The business's 50 day moving average price is $3.31 and its 200 day moving average price is $4.23. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.41 and a quick ratio of 1.41.

Borr Drilling (NYSE:BORR - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The company had revenue of $263.10 million for the quarter, compared to analysts' expectations of $247.78 million. Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%.

Borr Drilling Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.33%. Borr Drilling's dividend payout ratio is currently 31.25%.

Institutional Trading of Borr Drilling

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC increased its stake in shares of Borr Drilling by 52.9% during the third quarter. Barclays PLC now owns 718,537 shares of the company's stock worth $3,944,000 after purchasing an additional 248,482 shares in the last quarter. Private Advisor Group LLC boosted its position in Borr Drilling by 31.7% during the third quarter. Private Advisor Group LLC now owns 33,443 shares of the company's stock worth $184,000 after acquiring an additional 8,054 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Borr Drilling by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 432,893 shares of the company's stock worth $2,377,000 after acquiring an additional 7,682 shares during the last quarter. Intech Investment Management LLC acquired a new position in Borr Drilling during the third quarter worth about $303,000. Finally, Janney Montgomery Scott LLC acquired a new position in Borr Drilling during the fourth quarter worth about $130,000. Hedge funds and other institutional investors own 83.12% of the company's stock.

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Borr Drilling Company Profile

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.