Borr Drilling (NYSE:BORR) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Borr Drilling (NYSE:BORR) from a hold rating to a strong sell rating in a report released on Tuesday,Zacks reports.

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

Borr Drilling Price Performance

Shares of BORR opened at $4.23 on Tuesday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 2.58. The company’s fifty day simple moving average is $4.28 and its 200 day simple moving average is $4.96. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -5.43 and a beta of 1.03. Borr Drilling has a 1-year low of $2.44 and a 1-year high of $6.66.

Borr Drilling (NYSE:BORR) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.58). Borr Drilling had a negative net margin of 23.98% and a negative return on equity of 5.95%. The company had revenue of $232.30 million during the quarter, compared to the consensus estimate of $245.96 million. On average, research analysts forecast that Borr Drilling will post -0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Borr Drilling news, Director Jeffrey Currie bought 125,000 shares of the stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of $4.01 per share, for a total transaction of $501,250.00. Following the completion of the acquisition, the director owned 479,423 shares in the company, valued at $1,922,486.23. This trade represents a 35.27% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 7.90% of the stock is owned by corporate insiders.

Institutional Trading of Borr Drilling

Several hedge funds have recently modified their holdings of BORR. GeoSphere Capital Management LLC purchased a new position in Borr Drilling in the fourth quarter valued at approximately $5,582,000. Goehring & Rozencwajg Associates LLC raised its stake in shares of Borr Drilling by 30.6% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 2,119,465 shares of the company’s stock valued at $12,229,000 after buying an additional 496,302 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of 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 during the period. Empowered Funds LLC lifted its position in shares of Borr Drilling by 115.2% during the 1st quarter. Empowered Funds LLC now owns 1,422,598 shares of the company’s stock valued at $8,208,000 after buying an additional 761,433 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Borr Drilling during the 1st quarter worth $2,160,000. Institutional investors own 83.12% of the company’s stock.

Borr Drilling News Summary

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.