Borr Drilling Ltd (NYSE:BORR) has a beta value of 1.73 and has seen 0.42 million shares traded in the recent trading session. The company, currently valued at $546.01M, closed the recent trade at $2.23 per share which meant it lost -$0.06 on the day or -2.65% during that session. The BORR stock price is -225.56% off its 52-week high price of $7.26 and 6.73% above the 52-week low of $2.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.41 million shares traded. The 3-month trading volume is 5.53 million shares.
The consensus among analysts is that Borr Drilling Ltd (BORR) is Buy stock at the moment, with a recommendation rating of 1.22. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.03.
Borr Drilling Ltd (NYSE:BORR) trade information
Sporting -2.65% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BORR stock price touched $2.23 or saw a rise of 7.85%. Year-to-date, Borr Drilling Ltd shares have moved -42.84%, while the 5-day performance has seen it change -6.33%. Over the past 30 days, the shares of Borr Drilling Ltd (NYSE:BORR) have changed -4.73%. Short interest in the company has seen 18.26 million shares shorted with days to cover at 2.56.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could jump 75.22% from the levels at last check today. The projected low price target is $9.0 while the price target rests at a high of $9.0. In that case, then, we find that the latest price level in today’s session is -303.59% off the targeted high while a plunge would see the stock gain -303.59% from the levels at last check today.
Borr Drilling Ltd (BORR) estimates and forecasts
The company’s shares have lost -59.39% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -0.46%.
3 analysts offering their estimates for the company have set an average revenue estimate of 231.17M for the current quarter. 3 have an estimated revenue figure of 259.43M for the next ending quarter. Year-ago sales stood 234M and 271.9M respectively for this quarter and the next, and analysts expect sales will shrink by -1.21% for the current quarter and -0.46% for the next. Earnings growth for 2025 is a modest -25.30% while over the next 5 years, the company’s earnings are expected to increase by 6.33%.
BORR Dividends
Borr Drilling Ltd is expected to release its next earnings report on 2025-Feb-18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.24 at a share yield of 10.77%. The company’s dividend yield has gone up over the past 12 months.
Borr Drilling Ltd (NYSE:BORR)’s Major holders
Insiders own 7.40% of the company shares, while shares held by institutions stand at 82.37% with a share float percentage of 88.96%. Investors are also buoyed by the number of investors in a company, with Borr Drilling Ltd having a total of 201.0 institutions that hold shares in the company. The top two institutional holders are CAPITAL INTERNATIONAL INVESTORS with over 17.6 million shares worth more than $113.37 million. As of 2024-06-30, CAPITAL INTERNATIONAL INVESTORS held 7.0085% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 13.62 million shares as of 2024-06-30. The firm’s total holdings are worth over $87.86 million and represent 5.4226% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SMALLCAP WORLD FUND INC and Fidelity Securities Fund-Fidelity Dividend Growth Fund. As of Dec 31, 2024, the former fund manager holds about 4.91% shares in the company for having 12.02 shares of worth $26.79 million while later fund manager owns 6.41 shares of worth $14.29 million as of Feb 28, 2025, which makes it owner of about 2.62% of company’s outstanding stock.
