In the last trading session, 4.22 million Borr Drilling Ltd (NYSE:BORR) shares changed hands as the company’s beta touched 2.21. With the company’s per share price at $2.28 changed hands at $0.03 or 1.33% during last session, the market valuation stood at $561.86M. BORR’s last price was a discount, traded about -218.42% off its 52-week high of $7.26. The share price had its 52-week low at $2.08, which suggests the last value was 8.77% up since then. When we look at Borr Drilling Ltd’s average trading volume, we note the 10-day average is 6.49 million shares, with the 3-month average coming to 5.77 million.
Analysts gave the Borr Drilling Ltd (BORR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.22. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended BORR as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Borr Drilling Ltd’s EPS for the current quarter is expected to be -0.03.
Borr Drilling Ltd (NYSE:BORR) trade information
Instantly BORR was in green as seen at the end of in last trading. With action -0.44%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -41.54%, with the 5-day performance at -0.44% in the red. However, in the 30-day time frame, Borr Drilling Ltd (NYSE:BORR) is -30.28% down. Looking at the short shares, we see there were 17.25 million shares sold at short interest cover period of 2.85 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 74.67% from its current market value. According to analyst projections, BORR’s forecast low is 9 with 9 as the target high. To hit the forecast high, the stock’s price needs a -294.74% plunge from its current level, while the stock would need to soar -294.74% for it to hit the projected low.
Borr Drilling Ltd (BORR) estimates and forecasts
Year-over-year growth is forecast to reach -0.46% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 231.17M. 3 analysts are of the opinion that Borr Drilling Ltd’s revenue for the current quarter will be 259.43M. The company’s revenue for the corresponding quarters a year ago was 234M and 271.9M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.21%. The estimates for the next quarter sales put growth at -4.59%.
The 2025 estimates are for Borr Drilling Ltd earnings to decrease by -25.47%, but the outlook for the next 5-year period is at 6.33% per year.
BORR Dividends
Borr Drilling Ltd is expected to release its next quarterly earnings report on 2025-Feb-18. The 10.53% annual yield figure for the share gives it an annual dividend of 0.24. It is important to note, however, that the 10.53% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Borr Drilling Ltd (NYSE:BORR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.87% of Borr Drilling Ltd shares while 76.32% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.95%. There are 76.32% institutions holding the Borr Drilling Ltd stock share, with FIL LTD the top institutional holder. As of 2024-06-30, the company held 4.1747% of the shares, roughly 10.49 million BORR shares worth $67.64 million.
FIERA CAPITAL CORP holds the second largest percentage of outstanding shares, with 0.6155% or 1.55 million shares worth $9.97 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Smallcap World Fund and Fidelity Dividend Growth Fund . With 12.02 shares estimated at $27.4 million under it, the former controlled 4.55% of total outstanding shares. On the other hand, Fidelity Dividend Growth Fund held about 2.43% of the shares, roughly 6.41 shares worth around $14.61 million.
