Borr Drilling Limited (NYSE:BORR - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $2.87 and last traded at $2.89, with a volume of 370962 shares. The stock had previously closed at $2.94.
Borr Drilling Stock Performance
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 stock has a market cap of $665.55 million, a price-to-earnings ratio of 8.23 and a beta of 2.84. The company has a 50 day simple moving average of $3.47 and a 200 day simple moving average of $4.41.
Borr Drilling (NYSE:BORR - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $263.10 million for the quarter, compared to analyst estimates of $247.78 million. Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%.
Borr Drilling Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 3.04%. The ex-dividend date is Monday, March 3rd. Borr Drilling's payout ratio is 31.25%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC increased its stake in shares of Borr Drilling by 52.9% in the third quarter. Barclays PLC now owns 718,537 shares of the company's stock valued at $3,944,000 after buying an additional 248,482 shares during the period. Private Advisor Group LLC increased its stake in shares of Borr Drilling by 31.7% in the third quarter. Private Advisor Group LLC now owns 33,443 shares of the company's stock valued at $184,000 after buying an additional 8,054 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Borr Drilling by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 432,893 shares of the company's stock valued at $2,377,000 after buying an additional 7,682 shares during the period. Intech Investment Management LLC acquired a new position in shares of Borr Drilling in the third quarter valued at approximately $303,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Borr Drilling in the fourth quarter valued at approximately $130,000. Institutional investors and hedge funds own 83.12% of the company's stock.
About Borr Drilling
(
Get Free Report)
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.
Recommended Stories
Before you consider Borr Drilling, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Borr Drilling wasn't on the list.
While Borr Drilling currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
