Borr Drilling (NYSE:BORR) Trading Up 8.6% – Still a Buy?

Borr Drilling Limited (NYSE:BORR)’s share price was up 8.6% during trading on Monday . The stock traded as high as $5.06 and last traded at $5.1050. Approximately 1,544,339 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 6,969,011 shares. The stock had previously closed at $4.70.

Key Borr Drilling News

Here are the key news stories impacting Borr Drilling this week:

• Positive Sentiment: Borr announced definitive agreements to buy five premium jack‑up rigs from Fontis for $287 million via a new JV — the deal increases backlog/fleet scale in a higher‑activity region (Mexico) and is the primary catalyst for the stock move. Borr Drilling Limited – Acquisition of Five Premium Jack-Up Rigs through New Joint Venture
• Positive Sentiment: Multiple outlets report the Mexico JV and $287M purchase, reinforcing market confidence that the acquisition is strategic and immediate (coverage helps drive investor attention). Borr Drilling to acquire five jack-up rigs from Paratus for $287m
• Positive Sentiment: Industry press highlights the purchase as five “premium” jack‑ups—positive for contract prospects and day‑rate potential in regional markets. Driller poised to acquire five ‘premium’ jack-up rigs in $287 million deal
• Neutral Sentiment: Borr published an M&A call transcript (may clarify financing, JV partners and integration plans) — useful for assessing deal execution risk but neutral until specifics (financing, contract backlog) are confirmed. Borr Drilling Limited (BORR) M&A Call Transcript
• Neutral Sentiment: Third‑party analyst pieces comparing Borr to peers provide context on valuation and strategy but don’t change fundamentals immediately. Analyzing Borr Drilling (NYSE:BORR) & Noble (NYSE:NE)
• Negative Sentiment: Short interest rose ~23% in March to ~16.88M shares (about 5.8% of shares), with ~2.2 days‑to‑cover — higher shorting increases downside pressure and volatility if sentiment weakens or financing questions arise.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BORR shares. Citigroup lifted their target price on shares of Borr Drilling from $6.00 to $6.25 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Borr Drilling in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.33.

Borr Drilling Trading Up 3.3%

The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 30.56 and a beta of 1.00. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.63 and a current ratio of 2.19. The company has a 50 day moving average price of $5.20 and a two-hundred day moving average price of $4.00.

Borr Drilling (NYSE:BORR) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.03. The firm had revenue of $259.40 million for the quarter, compared to analysts’ expectations of $238.65 million. Borr Drilling had a net margin of 4.41% and a return on equity of 4.14%.

Institutional Trading of Borr Drilling

A number of institutional investors and hedge funds have recently modified their holdings of BORR. DNB Asset Management AS raised its position in shares of Borr Drilling by 126.4% during the 4th quarter. DNB Asset Management AS now owns 8,771,876 shares of the company’s stock worth $35,351,000 after purchasing an additional 4,896,701 shares during the last quarter. Sona Asset Management US LLC acquired a new stake in Borr Drilling in the 3rd quarter worth about $17,180,000. Marshall Wace LLP increased its stake in Borr Drilling by 9,222.0% during the 4th quarter. Marshall Wace LLP now owns 4,573,837 shares of the company’s stock worth $18,433,000 after buying an additional 4,524,772 shares in the last quarter. State Street Corp increased its stake in Borr Drilling by 4.5% during the 4th quarter. State Street Corp now owns 4,212,987 shares of the company’s stock worth $16,978,000 after buying an additional 180,141 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Borr Drilling by 1,025.5% during the first quarter. Millennium Management LLC now owns 3,810,556 shares of the company’s stock valued at $8,345,000 after acquiring an additional 3,471,979 shares during the last quarter. Hedge funds and other institutional investors own 83.12% of the company’s stock.

About Borr Drilling

Borr Drilling is an international offshore drilling contractor providing premium jack-up drilling services to the oil and gas industry. Established in 2016 and incorporated in Bermuda with headquarters in Hamilton, the company is listed on the New York Stock Exchange under the ticker symbol BORR. Borr Drilling focuses exclusively on the ownership and operation of mobile offshore jack-up rigs, catering to exploration and production drilling projects in both mature and emerging hydrocarbon regions.

The company’s core business activities encompass the long-term contracting of high-specification jack-up rigs suitable for shallow-to-intermediate water depths.