27-Mar-2024
EGY, CRT among major energy gainers; DTI, BORR among major losers
Seeking Alpha News (Mon, 25-Mar 2:05 PM ET)
Borr Drilling, Aehr Test Systems, Airship AI among premarket losers' pack
Seeking Alpha News (Mon, 25-Mar 8:41 AM ET)
PRNewswire (Tue, 27-Feb 11:40 AM ET)
Borr Drilling Limited Announces Fourth Quarter and Twelve Months 2023 Results
PRNewswire (Thu, 22-Feb 1:01 AM ET)
Borr Drilling Limited - Invitation to webcast and conference call Q4 2023 results
PRNewswire (Mon, 19-Feb 9:47 PM ET)
Borr Drilling Limited - Contracting Update
PRNewswire (Mon, 12-Feb 2:15 AM ET)
Borr Drilling Ltd is a drilling contractor that owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry. The company operates a fleet of 16 jack-up drilling rigs. Geographically the activities are carried out through Norway.
Borr Drilling Limited Common Shares trades on the NYSE stock market under the symbol BORR.
As of March 27, 2024, BORR stock price climbed to $6.73 with 1,320,982 million shares trading.
BORR has a beta of 1.59, meaning it tends to be more sensitive to market movements. BORR has a correlation of 0.14 to the broad based SPY ETF.
BORR has a market cap of $1.71 billion. This is considered a Small Cap stock.
Last quarter Borr Drilling Limited Common Shares reported $221 million in Revenue and $.11 earnings per share. This beat revenue expectation by $16 million and exceeded earnings estimates by $.04.
In the last 3 years, BORR stock traded as high as $9.01 and as low as $1.12.
The top ETF exchange traded funds that BORR belongs to (by Net Assets): IWM, IWO, VTWO, VTWG, DFIC.
BORR has underperformed the market in the last year with a price return of -9.3% while the SPY ETF gained +33.6%. BORR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.7% and +1.5%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
BORR support price is $6.31 and resistance is $6.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BORR stock will trade within this expected range on the day.