Borr Drilling (NYSE:BORR – Get Rating) released its quarterly earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, reports. Borr Drilling had a negative net margin of 46.63% and a negative return on equity of 13.91%. The business had revenue of $172.00 million during the quarter.
Borr Drilling Stock Down 5.0 %
BORR stock traded down $0.38 during trading on Thursday, reaching $7.20. The stock had a trading volume of 1,080,538 shares, compared to its average volume of 1,607,204. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.33. Borr Drilling has a one year low of $2.45 and a one year high of $8.13. The company’s 50 day moving average is $7.23 and its two-hundred day moving average is $6.14. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -4.88 and a beta of 3.27.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on BORR shares. BTIG Research lifted their price objective on shares of Borr Drilling from $7.00 to $8.00 in a research note on Wednesday, January 25th. Evercore ISI boosted their target price on shares of Borr Drilling from $8.00 to $10.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 14th.
Institutional Investors Weigh In On Borr Drilling
Borr Drilling Company Profile
Borr Drilling Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through Dayrate; and Integrated Well Services (IWS) segments. The Dayrate segment consists of rig charters and ancillary services. The IWS segment provides integrated well services through Opex and Akal.
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