Borr Drilling (BORR) Stock Price, News & Analysis

Company Overview

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. It serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.

Key Stats

• Today's Range: $3.74 to $3.85
• 50-Day Range: $3.36 to $5.37
• 52-Week Range: $3.29 to $7.61
• Volume: 3.68 million shs
• Average Volume: 2.33 million shs
• Market Capitalization: $579.50 million
• P/E Ratio: 11.52
• Dividend Yield: 2.63%
• Price Target: $9.00
• Consensus Rating: Buy

Borr Drilling Stock Analysis - MarketRank™

Borr Drilling scored higher than 69% of companies evaluated by MarketBeat, and ranked 129th out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Borr Drilling has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Borr Drilling has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Borr Drilling is 11.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.41.

Price to Earnings Ratio vs. Sector

The P/E ratio of Borr Drilling is 11.52, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.93.

Price to Book Value per Share Ratio

Borr Drilling has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.19% of the float of Borr Drilling has been sold short.

Short Interest Ratio / Days to Cover

Borr Drilling has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Borr Drilling has recently increased by 25.24%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Borr Drilling pays a meaningful dividend of 2.71%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Borr Drilling does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Borr Drilling is 30.30%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.19% of the float of Borr Drilling has been sold short.

Short Interest Ratio / Days to Cover

Borr Drilling has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Borr Drilling has recently increased by 25.24%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.09

News Sentiment

Borr Drilling has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.75 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Borr Drilling this week, compared to 4 articles on an average week.

Search Interest

11 people have searched for BORR on MarketBeat in the last 30 days. This is an increase of 83% compared to the previous 30 days.

MarketBeat Follows

2 people have added Borr Drilling to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Borr Drilling insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 7.90% of the stock of Borr Drilling is held by insiders.

Percentage Held by Institutions

83.12% of the stock of Borr Drilling is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BORR Stock Analysis - Frequently Asked Questions

How have BORR shares performed this year?

Borr Drilling's stock was trading at $7.36 at the beginning of the year. Since then, BORR stock has decreased by 48.4% and is now trading at $3.80.
View the best growth stocks for 2024 here.

How were Borr Drilling's earnings last quarter?

Borr Drilling Limited (NYSE:BORR) announced its quarterly earnings results on Wednesday, November, 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by $0.05. The company had revenue of $241.60 million for the quarter. Borr Drilling had a net margin of 8.70% and a trailing twelve-month return on equity of 8.50%.

When did Borr Drilling's stock split?

Borr Drilling shares reverse split on the morning of Tuesday, December 14th 2021. The 1-2 reverse split was announced on Tuesday, December 14th 2021. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, December 14th 2021. An investor that had 100 shares of stock prior to the reverse split would have 50 shares after the split.

When did Borr Drilling IPO?

Borr Drilling (BORR) raised $51 million in an IPO on Wednesday, July 31st 2019. The company issued 5,000,000 shares at $10.16 per share. Goldman Sachs and DNB Markets served as the underwriters for the IPO and BTIG, Citigroup, Danske Markets and Evercore ISI were co-managers.

Who are Borr Drilling's major shareholders?

Borr Drilling's top institutional investors include FMR LLC, State Street Corp, Geode Capital Management LLC and De Lisle Partners LLP.

How do I buy shares of Borr Drilling?

Shares of BORR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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What other stocks do shareholders of Borr Drilling own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Borr Drilling investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Chevron (CVX).

Company Calendar

• Last Earnings: 11/06/2024
• Ex-Dividend for 12/16 Dividend: 11/29/2024
• Dividend Payable: 12/16/2024
• Today: 12/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Drilling oil & gas wells
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:BORR
• CUSIP: N/A
• CIK: 1715497
• Web: www.borrdrilling.com
• Phone: (441) 542-9234
• Fax: N/A
• Employees: 2,869
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.00
• High Stock Price Target: $9.00
• Low Stock Price Target: $9.00
• Potential Upside/Downside: +136.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.33
• Trailing P/E Ratio: 11.52
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $22.10 million
• Net Margins: 8.70%
• Pretax Margin: 12.76%
• Return on Equity: 8.50%
• Return on Assets: 2.61%

Debt

• Debt-to-Equity Ratio: 1.91
• Current Ratio: 1.41
• Quick Ratio: 1.41

Sales & Book Value

• Annual Sales: $968.10 million
• Price / Sales: 0.60
• Cash Flow: $0.93 per share
• Price / Cash Flow: 4.10
• Book Value: $6.45 per share
• Price / Book: 0.59

Miscellaneous

• Outstanding Shares: 152,500,000
• Free Float: N/A
• Market Cap: $579.50 million
• Optionable: Optionable
• Beta: 2.95