Borr Drilling Limited (NYSE: BORR): The Best-Of-Breed For Investing?


    With over 1.29 million Borr Drilling Limited (BORR) shares trading Friday and a closing price of $0.94 on the day, the dollar volume was approximately $1.22 million. The shares have shown a positive weekly performance of 1.46% and its price on 08/28/20 gained nearly 2.23%. Currently, there are 156.97M common shares owned by the public and among those 72.42M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for BORR have a consensus price objective of $1.89. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $0.55 should the stock experience a downside. Incidentally, analysts’ outlook for the Borr Drilling Limited stock is 3.00 for the next 12 months. But an upside of 76.5% will see the stock hit the forecast high price target while mean target price for the stock is $1.13.

    The top 3 mutual fund holders in Borr Drilling Limited are Artemis Global Income Fund, Schroder Invt. Fund Company – Eur, and Orbis SICAV – International Equit. Artemis Global Income Fund owns 7.67 million shares of the company’s stock, all valued at over $6.8 million. Schroder Invt. Fund Company – Eur bought 0.71 million shares to see its total holdings expand to 5.45 million shares valued at over $4.83 million and representing 3.44% of the shares outstanding. Orbis SICAV – International Equit bought 4.04 million shares to bring its total holdings to over 4.04 million shares at a value of $3.58 million. Orbis SICAV – International Equit now owns shares totaling to 2.55% of the shares outstanding.

    Shares of Borr Drilling Limited (NYSE: BORR) opened at $0.90, down -$0.02 from a prior closing price of $0.92. However, the script later closed the day at $0.94, up 2.23%. The company’s stock has a 5-day price change of 1.46% and 56.83% over the past three months. BORR shares are trading -89.61% year to date (YTD), with the 12-month market performance down to -81.63% lower. It has a 12-month low price of $0.24 and touched a high of $9.12 over the same period. Currently, 1.29 million shares have been traded, compared to an average intraday trading volume of 4.45 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.33%, -10.04%, and -68.40% respectively.

    Institutional ownership of Borr Drilling Limited (NYSE: BORR) shares accounts for 58.64% of the company’s 156.97M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

    It has a market capitalization of $147.63M. The earnings-per-share (ttm) stands at -$3.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.37% over the week and 6.34% over the month.

    Analysts forecast that Borr Drilling Limited (BORR) will achieve an EPS of -$0.32 for the current quarter, -$0.27 for the next quarter and -$0.86 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.35 while analysts give the company a high EPS estimate of -$0.29. Comparatively, EPS for the current quarter was -$0.61 a year ago. Earnings per share for the fiscal year are expected to increase by 41.50%, and 46.60% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Borr Drilling Limited (BORR) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 3 of the 4 advise that investors “hold,” and 1 rated it as a “Sell.”


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