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

Borr Drilling Limited (NYSE:BORR - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $2.47 and last traded at $2.50, with a volume of 826879 shares traded. The stock had previously closed at $2.52.

Borr Drilling Trading Down 1.9 %

The stock has a 50 day moving average of $3.37 and a 200 day moving average of $4.28. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $574.62 million, a P/E ratio of 7.11 and a beta of 2.69.

Borr Drilling (NYSE:BORR - Get Free Report) last posted 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). The firm had revenue of $263.10 million during 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 3rd will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Monday, March 3rd. Borr Drilling's dividend payout ratio is currently 31.25%.

Institutional Trading of Borr Drilling

Several hedge funds have recently added to or reduced their stakes in BORR. Barclays PLC increased its holdings in shares of Borr Drilling by 52.9% in the third quarter. Barclays PLC now owns 718,537 shares of the company's stock worth $3,944,000 after buying an additional 248,482 shares during the period. Private Advisor Group LLC grew its position in Borr Drilling by 31.7% during the 3rd 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. increased its stake in Borr Drilling by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 432,893 shares of the company's stock worth $2,377,000 after purchasing an additional 7,682 shares during the period. Intech Investment Management LLC bought a new stake in Borr Drilling in the third quarter valued at approximately $303,000. Finally, Janney Montgomery Scott LLC bought a new stake in Borr Drilling in the fourth quarter valued at approximately $130,000. 83.12% of the stock is owned by institutional investors.

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About Borr Drilling

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.