BORR
Borr DrillingBORR
BORR
About: 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.
Employees: 1,884
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
93% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 29
52% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 27
50% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]
8% more funds holding
Funds holding: 131 [Q3] → 142 (+11) [Q4]
2.75% more ownership
Funds ownership: 47.06% [Q3] → 49.81% (+2.75%) [Q4]
25% less capital invested
Capital invested by funds: $648M [Q3] → $486M (-$161M) [Q4]
30% less call options, than puts
Call options by funds: $529K | Put options by funds: $752K
Research analyst outlook
We haven’t received any recent analyst ratings for BORR.
Financial journalist opinion
Based on 3 articles about BORR published over the past 30 days
Neutral
Seeking Alpha
2 days ago
Borr Drilling Limited (BORR) Q4 2024 Earnings Call Transcript
Borr Drilling Limited (BORR) Q4 2024 Earnings Call Transcript
Neutral
PRNewsWire
2 days ago
Borr Drilling Limited - Dividend declaration and key information relating to the cash distribution for the fourth quarter 2024
HAMILTON, Bermuda , Feb. 19, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.02 per share for the fourth quarter of 2024 to shareholders of record on March 3, 2025. For the shares traded on NYSE, the ex-date is March 3, 2025, and payment date will be on or about March 19, 2025.
Neutral
PRNewsWire
3 weeks ago
Borr Drilling Limited - Collections update Mexico
HAMILTON, Bermuda , Jan. 30, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (the "Company") is pleased to announce that it has agreed with its major Mexican customer to receive payment settlement for approximately $125 million related to its outstanding receivables. The Company expects to collect this amount in the first half of February 2025.
Neutral
PRNewsWire
1 month ago
Borr Drilling Limited - Invitation to webcast and conference call Q4 2024 results
HAMILTON, Bermuda , Jan. 21, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) plans to release its financial results for the fourth quarter 2024 after the close of the New York Stock Exchange on Wednesday 19 February, 2025. A conference call and webcast is scheduled for 15:00 CEST (9:00 AM New York Time) on Thursday 20 February, 2025 and participants are encouraged to dial in 10 minutes before the start of the call.
Neutral
PRNewsWire
1 month ago
Borr Drilling Limited to Present at the Fearnley Securities' Annual Offshore Drilling Seminar
HAMILTON, Bermuda , Jan. 15, 2025 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) will present at the Fearnley Securities' Annual Offshore Drilling Seminar in New York and London on January 15 and 16, 2025, respectively. A copy of the presentation to be held is available on the Company's website at www.borrdrilling.com and enclosed to this release.
Positive
Seeking Alpha
1 month ago
Borr Drilling: Leading The Jack-Up Offshore Drilling Market
The jack-up market is characterized by some of the tightest supply conditions in the maritime sector. Approximately 30% of the global fleet has been operating for 30 years or more. The order book represents only 3% of the global fleet, and even if current rates do not incentivize the construction of new rigs, delivery times are still over 3 years. With one of the largest and youngest portfolios in the industry, Borr Drilling is uniquely positioned to benefit from those tight supply conditions over the long term.
Positive
Seeking Alpha
1 month ago
The Bottom Fishing Club: If Oil Spikes, Borr Drilling Could Be A Huge Winner
Borr Drilling stands out as an undervalued offshore driller with improving financials, high utilization rates, and potential growth into the U.S. market under President Trump. Borr's valuation is quite attractive, looking at extremely low forward P/E and EV/EBITDA ratios or record-low multiples on sales. High levels of management ownership, and the real possibility of increased dividends and share buybacks are solid reasons to consider purchasing shares.
Neutral
PRNewsWire
2 months ago
Borr Drilling - Update on Share Repurchase Program
HAMILTON, Bermuda , Dec. 23, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr Drilling" or the "Company") (NYSE: BORR) (OSE: BORR) initiated a share repurchase program on December 13, 2024 to repurchase USD 10 million of the Company's common shares in open market transactions ("the First Tranche") on the OSE and NYSE until no later than December 31, 2024 pursuant to an agreement with DNB Markets, a part of DNB Bank ASA ("DNB Markets"). This was the second step under the Board of Directors authorized commitment to repurchase $20 million worth of shares before the end of 2024.
Neutral
PRNewsWire
2 months ago
Borr Drilling Limited - Update on Share Repurchase Program
HAMILTON, Bermuda , Dec. 12, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr Drilling" or the "Company") (NYSE: BORR) (OSE: BORR) refers to i) its announcement on 6 November 2024, where the Company announced the authorization by its Board of Directors of a commitment to repurchase $20 million worth of shares within year end 2024, under its previously announced $100 million share repurchase authorization, and ii) the announcement on November 20, 2024, where the Company announced the completion of the first $10 million repurchases under the $20 million authorization (the "First Tranche"). The Company has entered a new agreement with DNB Markets ("DNB") to effect the purchase of the remaining $10 million worth of shares under the $20 million authorization in open market transactions on OSE and NYSE by December 31, 2024 (the "Second Tranche").
Neutral
PRNewsWire
2 months ago
Borr Drilling Limited - Contracting update
HAMILTON, Bermuda , Dec. 9, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) is pleased to announce a new contract commitment for its premium jack-up rig "Norve" with a repeat customer in West Africa. This work is in direct continuation of the Marathon Oil contract and is estimated to commence in Q3 2025.
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