With over 1.65 million Borr Drilling Limited (BORR) shares trading Monday and a closing price of $7.30 on the day, the dollar volume was approximately $12.01 million. The shares have shown a positive half year performance of 43.70% and its price on 05/22/23 gained nearly 0.41%. Currently, there are 228.95M common shares owned by the public and among those 200.89M 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: 8 analysts who have offered their price forecasts for BORR have a consensus price objective of $9.16. The analysts have set the share’s price value over the next 12 months at a high of $10.00 and a low of $8.28. The average price target is 18.89% above its recent price level and an upside to the estimated low will see the stock gain 11.84% over that period. But an upside of 27.0% will see the stock hit the forecast high price target while median target price for the stock is $9.24.
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Insiders at the company have transacted a total of 4 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 5,678,055 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Borr Drilling Limited are Orbis SICAV – International Equit, azValor Internacional, FI, and iShares Russell 2000 ETF. Orbis SICAV – International Equit owns 7.51 million shares of the company’s stock, all valued at over $51.71 million. The company bought an additional 7.51 million shares recently to bring their total holdings to about 2.95% of the shares outstanding. azValor Internacional, FI bought 2.35 million shares to see its total holdings expand to 7.48 million shares valued at over $51.52 million and representing 2.94% of the shares outstanding. iShares Russell 2000 ETF sold 62480.0 shares to bring its total holdings to over 4.27 million shares at a value of $29.39 million. iShares Russell 2000 ETF now owns shares totaling to 1.68% of the shares outstanding.
Shares of Borr Drilling Limited (NYSE: BORR) opened at $7.30, up $0.03 from a prior closing price of $7.27. However, the script later moved the day high at 7.47, up 0.41%. The company’s stock has a 5-day price change of 2.82% and 10.77% over the past three months. BORR shares are trading 46.88% year to date (YTD), with the 12-month market performance up to 31.53% higher. It has a 12-month low price of $2.45 and touched a high of $8.13 over the same period. BORR has an average intraday trading volume of 1.58 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 4.82%, 1.74%, and 34.63% respectively.
Institutional ownership of Borr Drilling Limited (NYSE: BORR) shares accounts for 56.15% of the company’s 228.95M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $1.67B. The earnings-per-share (ttm) stands at -$1.73. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.14% over the week and 3.66% over the month.
Analysts forecast that Borr Drilling Limited (BORR) will achieve an EPS of $0.01 for the current quarter, $0.01 for the next quarter and $0.78 for 2024. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.01. Comparatively, EPS for the current quarter was -$0.35 a year ago. Earnings per share for the fiscal year are expected to increase by 112.20%, and 290.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 8 brokerage firm advisors rate Borr Drilling Limited (BORR) as a “Strong Buy” at a consensus score of 1.00. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 1 of the 8 advise that investors “hold,” and 0 rated it as a “Sell.”
