Borr Drilling Ltd [NYSE: BORR] slipped around -0.78 points on Tuesday, while shares priced at $6.60 at the close of the session, down -10.57%. The company report on December 22, 2023 at 9:51 AM that Borr Drilling Limited -Dividend declaration and key information relating to the cash distribution for the third quarter 2023.
Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) today announces that the Company’s Board of Directors has approved a cash distribution of paid-in capital of US$0.05 per share for the third quarter of 2023.
Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository:.
Compared to the average trading volume of 1.64M shares, BORR reached a trading volume of 4988726 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Borr Drilling Ltd [BORR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BORR shares is $9.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BORR stock is a recommendation set at 1.22. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for Borr Drilling Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 06, 2023.
The Average True Range (ATR) for Borr Drilling Ltd is set at 0.28, with the Price to Sales ratio for BORR stock in the period of the last 12 months amounting to 2.39. The Price to Book ratio for the last quarter was 1.77, with the Price to Cash per share for the same quarter was set at 0.37.
How has BORR stock performed recently?
Borr Drilling Ltd [BORR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.94. With this latest performance, BORR shares dropped by -9.71% in over the last four-week period, additionally sinking by -24.31% over the last 6 months – not to mention a rise of 12.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BORR stock in for the last two-week period is set at 44.07, with the RSI for the last a single of trading hit 40.03, and the three-weeks RSI is set at 46.18 for Borr Drilling Ltd [BORR]. The present Moving Average for the last 50 days of trading for this stock 6.69, while it was recorded at 7.08 for the last single week of trading, and 7.07 for the last 200 days.
Borr Drilling Ltd [BORR]: Deeper insight into the fundamentals
Borr Drilling Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.75 and a Current Ratio set at 0.75.
Earnings analysis for Borr Drilling Ltd [BORR]
With the latest financial reports released by the company, Borr Drilling Ltd posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.09/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BORR.
Insider trade positions for Borr Drilling Ltd [BORR]
The top three institutional holders of BORR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BORR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BORR stock with ownership which is approximately 5.8325%.
