Borr Drilling (NYSE:BORR) Reaches New 12-Month Low at $5.09

Shares of Borr Drilling Limited (NYSE:BORR) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $5.09 and last traded at $5.17, with a volume of 567455 shares. The stock had previously closed at $5.14.

Borr Drilling Trading Up 2.5 %

The company has a 50 day simple moving average of $6.27 and a 200 day simple moving average of $6.21. The company has a market capitalization of $803.68 million, a PE ratio of 30.35 and a beta of 3.00. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.57 and a current ratio of 1.57.

Borr Drilling (NYSE:BORR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.12 EPS for the quarter. The firm had revenue of $271.90 million during the quarter. Borr Drilling had a return on equity of 7.69% and a net margin of 8.15%.

Borr Drilling Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Thursday, August 22nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 7.59%. Borr Drilling’s payout ratio is presently 58.82%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning lifted its position in Borr Drilling by 234.9% during the second quarter. Creative Planning now owns 91,405 shares of the company’s stock worth $590,000 after buying an additional 64,109 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Borr Drilling by 10.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 109,727 shares of the company’s stock worth $708,000 after acquiring an additional 10,375 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Borr Drilling during the 2nd quarter worth $1,954,000. Point72 DIFC Ltd acquired a new position in shares of Borr Drilling during the 2nd quarter valued at about $30,000. Finally, Xponance Inc. grew its holdings in shares of Borr Drilling by 13.3% in the second quarter. Xponance Inc. now owns 15,058 shares of the company’s stock valued at $97,000 after purchasing an additional 1,767 shares during the period. 83.12% of the stock is currently owned by institutional investors and hedge funds.

Borr Drilling Company Profile

Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry worldwide. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.