Borr Drilling Ltd (NYSE:BORR)’s traded shares stood at 0.78 million during the latest session, with the company’s beta value hitting 1.74. At the last check today, the stock’s price was $1.99, to imply an increase of 1.28% or $0.03 in intraday trading. The BORR share’s 52-week high remains $7.26, putting it -264.82% down since that peak but still an impressive 18.59% since price per share fell to its 52-week low of $1.62. The company has a valuation of $486.18M, with an average of 7.81 million shares in intraday trading volume over the past 10 days and average of 6.16 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Borr Drilling Ltd (BORR), translating to a mean rating of 1.22. Of 2 analyst(s) looking at the stock, 0 analyst(s) give BORR a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.03.
Borr Drilling Ltd (NYSE:BORR) trade information
After registering a 1.28% upside in the latest session, Borr Drilling Ltd (BORR) has traded red over the past five days. The 5-day price performance for the stock is 16.08%, and -6.81% over 30 days. With these gigs, the year-to-date price performance is -49.10%. Short interest in Borr Drilling Ltd (NYSE:BORR) saw shorts transact 18.26 million shares and set a 2.56 days time to cover.
The extremes give us $9 and $9 for target low and target high price respectively. As such, BORR has been trading -352.26% off suggested target high and -352.26% from its likely low.
Borr Drilling Ltd (BORR) estimates and forecasts
The rating firms project that company’s revenue will grow 2.04% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 231.17M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 259.43M.Earnings reports from the last fiscal year show that sales brought in 234M and 271.9M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -1.21% before dropping -4.59% in the following quarter.
BORR Dividends
Borr Drilling Ltd has its next earnings report out on 2025-Feb-18. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Borr Drilling Ltd has a forward dividend ratio of 0.24, with the share yield ticking at 12.09% to continue the rising pattern observed over the past year.
Borr Drilling Ltd (NYSE:BORR)’s Major holders
Borr Drilling Ltd insiders hold 7.40% of total outstanding shares, with institutional holders owning 82.16% of the shares at 88.73% float percentage. In total, 82.16% institutions holds shares in the company, led by CAPITAL INTERNATIONAL INVESTORS. As of 2024-06-30, the company held over 17.6 million shares (or 7.0085% of shares), all amounting to roughly $113.37 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 13.62 million shares, or about 5.4226% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $87.86 million.
We also have SMALLCAP WORLD FUND INC and Fidelity Securities Fund-Fidelity Dividend Growth Fund as the top two Mutual Funds with the largest holdings of the Borr Drilling Ltd (BORR) shares. Going by data provided on Dec 31, 2024 , SMALLCAP WORLD FUND INC holds roughly 12.02 shares. This is just over 4.91% of the total shares, with a market valuation of $23.37 million. Data from the same date shows that the other fund manager holds a little less at 6.41, or 2.62% of the shares, all valued at about 12.47 million.
