BORR Stock Summary and Trading Ideas (Borr Drilling Limited Common Shares | NYSE:BORR)

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 around 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 January 14, 2025, BORR stock price climbed to $3.89 with 458,360 million shares trading.

BORR has a beta of 0.72, meaning it tends to be less sensitive to market movements. BORR has a correlation of 0.03 to the broad based SPY ETF.

BORR has a market cap of $958.61 million. This is considered a Small Cap stock.

Last quarter Borr Drilling Limited Common Shares reported $242 million in Revenue and $.04 earnings per share. This fell short of revenue expectation by $-5 million and missed earnings estimates by -$.05.

In the last 3 years, BORR traded as high as $9.01 and as low as $1.75.

The top ETF exchange traded funds that BORR belongs to (by Net Assets): IWM, IWN, VTWO, VTWV, RSSL.

BORR has underperformed the market in the last year with a return of -36.8%, while the SPY ETF gained +24.0%. In the last 3 month period, BORR fell short of the market, returning -27.6%, while SPY returned +1.1%. However, in the most recent 2 weeks BORR has outperformed the stock market by returning +4.6%, while SPY returned -0.7%.

BORR support price is $3.70 and resistance is $3.98 (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 shares will trade within this expected range on the day.