Borr Drilling (NYSE:BORR) Stock Rating Lowered by Zacks Research

Borr Drilling (NYSE:BORR) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday, Zacks reports.

BORR has been the topic of a number of other research reports. Capital One Financial set a $6.00 price objective on Borr Drilling and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Weiss Ratings lowered Borr Drilling from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, August 12th. Wall Street Zen cut Borr Drilling from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Finally, SEB Equity Research set a $3.55 price target on Borr Drilling in a report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Borr Drilling has an average rating of “Hold” and an average price target of $5.27.

Borr Drilling Trading Down 2.9%

Shares of BORR stock opened at $4.23 on Tuesday. Borr Drilling has a fifty-two week low of $2.44 and a fifty-two week high of $6.66. The company has a 50 day moving average price of $4.28 and a 200 day moving average price of $4.96. The stock has a market capitalization of $1.34 billion, a P/E ratio of -5.43 and a beta of 1.03. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.53 and a current ratio of 2.53.

Borr Drilling (NYSE:BORR) last released its earnings results on Wednesday, August 12th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.58). Borr Drilling had a negative return on equity of 5.95% and a negative net margin of 23.98%.The business had revenue of $232.30 million for the quarter, compared to analyst estimates of $245.96 million. Equities research analysts predict that Borr Drilling will post -0.48 EPS for the current fiscal year.

Insider Transactions at Borr Drilling

In other news, Director Jeffrey Currie purchased 125,000 shares of the stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $4.01 per share, for a total transaction of $501,250.00. Following the acquisition, the director directly owned 479,423 shares of the company’s stock, valued at approximately $1,922,486.23. The trade was a 35.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Borr Drilling

Institutional investors have recently modified their holdings of the company. Encompass Capital Advisors LLC acquired a new position in shares of Borr Drilling during the fourth quarter worth $14,326,000. Dimensional Fund Advisors LP raised its stake in Borr Drilling by 167.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,491,730 shares of the company’s stock valued at $20,148,000 after buying an additional 2,185,639 shares in the last quarter. Capital International Investors raised its stake in Borr Drilling by 0.7% in the fourth quarter. Capital International Investors now owns 2,959,071 shares of the company’s stock valued at $11,925,000 after buying an additional 19,241 shares in the last quarter. Goehring & Rozencwajg Associates LLC lifted its holdings in Borr Drilling by 30.6% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 2,119,465 shares of the company’s stock worth $12,229,000 after buying an additional 496,302 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Borr Drilling during the 1st quarter worth about $12,061,000. 83.12% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Borr Drilling

Here are the key news stories impacting Borr Drilling this week:

• Positive Sentiment: Borr Drilling agreed to sell its 51% stake in Perforaciones Estratégicas e Integrales Mexicana (Perfomex) to its Mexican partner while retaining ownership of three jackup rigs. The transaction streamlines the company’s Mexico operations, reduces joint-venture complexity and may improve capital allocation, although financial terms were not disclosed. Borr Drilling to sell 51% stake in Perfomex to Mexican partner
• Positive Sentiment: The company announced new contract commitments and an operational update for the Odin jackup rig. Additional contracted work could support utilization, revenue visibility and backlog, though the available report does not provide contract values or durations. Borr Drilling Limited – Operational and Contracting Updates
• Positive Sentiment: An investment analysis maintains a Buy rating, arguing that Borr is a focused operator of modern jackups positioned to benefit from a longer-term recovery in offshore drilling demand. The article also highlights recent debt refinancing on improved terms, which could extend the company’s financial runway. Borr Drilling: Jackup Market Recovery Pure Play With Substantial Upside
• Neutral Sentiment: Borr Drilling published an investor presentation for the Pareto Securities Energy Conference. The presentation may provide updated strategic and market commentary, but no specific new financial guidance was identified in the announcement. Borr Drilling Limited – Investor Presentation
• Negative Sentiment: The anticipated jackup-market recovery has been delayed by escalating Middle East conflict, leaving timing for stronger rig demand uncertain. Borr also continues to face execution and leverage risks while operating with negative earnings. Borr Drilling divests Mexico joint venture stake

About Borr Drilling

Borr Drilling Limited is an offshore drilling contractor that provides drilling services to oil and gas companies. Its principal business is the operation of a fleet of modern jack-up drilling rigs, which are designed to operate in shallow-water environments and support exploration, development and production drilling programs.

The company offers rig contracting and related offshore drilling services, including equipment, crews and operational support. Its jack-up rigs are used for projects in established and emerging offshore energy markets, with operations serving customers across regions such as the North Sea, the Middle East, Southeast Asia, West Africa and the Americas, depending on contract activity.

Borr Drilling was established in 2016 and expanded through the acquisition and integration of jack-up drilling assets from other industry participants.