Shares of Borr Drilling Limited (NYSE:BORR – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $6.04, but opened at $6.29. Borr Drilling shares last traded at $6.22, with a volume of 169,834 shares.
Borr Drilling Stock Performance
The company has a market cap of $976 million, a P/E ratio of 35.53 and a beta of 3.07. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. The business has a fifty day simple moving average of $6.40 and a two-hundred day simple moving average of $6.27.
Borr Drilling (NYSE:BORR – Get Free Report) last issued its earnings results on Thursday, May 23rd. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $234.00 million for the quarter. Borr Drilling had a return on equity of 4.62% and a net margin of 5.27%.
Borr Drilling Announces Dividend
Institutional Investors Weigh In On Borr Drilling
A number of hedge funds have recently bought and sold shares of BORR. Quadrant Capital Group LLC lifted its holdings in shares of Borr Drilling by 111.6% in the 4th quarter. Quadrant Capital Group LLC now owns 4,472 shares of the company’s stock worth $33,000 after acquiring an additional 2,359 shares during the last quarter. Covestor Ltd boosted its position in shares of Borr Drilling by 31,600.0% during the first quarter. Covestor Ltd now owns 5,706 shares of the company’s stock valued at $39,000 after buying an additional 5,688 shares during the period. Signaturefd LLC grew its stake in shares of Borr Drilling by 666.6% during the second quarter. Signaturefd LLC now owns 7,865 shares of the company’s stock valued at $51,000 after buying an additional 6,839 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Borr Drilling in the first quarter worth approximately $88,000. Finally, SG Americas Securities LLC bought a new stake in shares of Borr Drilling during the 1st quarter worth approximately $89,000. Hedge funds and other institutional investors own 83.12% of the company’s stock.
Borr Drilling Company Profile
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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