Borr Drilling Limited (NYSE:BORR - Get Free Report) fell 3.3% on Wednesday . The stock traded as low as $2.22 and last traded at $2.22. 169,080 shares were traded during mid-day trading, a decline of 95% from the average session volume of 3,294,362 shares. The stock had previously closed at $2.29.
Borr Drilling Stock Performance
The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. The firm's 50-day simple moving average is $2.71 and its 200-day simple moving average is $3.72. The company has a market capitalization of $446.99 million, a PE ratio of 5.77 and a beta of 2.22.
Borr Drilling (NYSE:BORR - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $263.10 million during the quarter, compared to analyst estimates of $247.78 million. Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%.
Borr Drilling Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend was Monday, March 3rd. Borr Drilling's payout ratio is presently 31.25%.
Institutional Trading of Borr Drilling
A number of hedge funds have recently bought and sold shares of BORR. Barclays PLC boosted its stake in 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 buying an additional 248,482 shares during the period. Tejara Capital Ltd lifted its position in shares of Borr Drilling by 46.8% during the fourth quarter. Tejara Capital Ltd now owns 2,201,589 shares of the company's stock worth $8,418,000 after purchasing an additional 701,478 shares in the last quarter. Rovida Investment Management Ltd purchased a new stake in shares of Borr Drilling during the fourth quarter worth $5,070,000. HighTower Advisors LLC purchased a new position in Borr Drilling in the fourth quarter valued at $920,000. Finally, SBI Securities Co. Ltd. acquired a new position in Borr Drilling during the 4th quarter worth $59,000. Institutional investors and hedge funds own 83.12% of the company's stock.
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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