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Tuesday, September 26, 2023

The Question Is Whether To Buy Or Not To Buy Borr Drilling Limited (NYSE: BORR)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Borr Drilling Limited (BORR) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $7.11. The Borr Drilling Limited has recorded 21,060 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Borr Drilling Limited: 2023 AGM Results Notification.

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Stocks Info

Borr Drilling Limited is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Drilling industry. At the end of the last regular session, the stock closed at $7.11 and fluctuated between $7.18 as its day high and $6.87 as its day low. The current market capitalization of Borr Drilling Limited is $1.75B. A total of 1.52 million shares were traded on the day, compared to an average of 1.63M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BORR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 1 BUYs and 1 SELLs from insiders. Insiders purchased 1,000,000,000 shares during that period but sold 872,073.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BORR in the last 3 months, the mean price target is $9.99 with high estimates of $12.00 and low estimates of $8.44. In terms of 52-week highs and lows, BORR has a high of $9.01 and a low of $3.22.

As of this writing, BORR has an earnings estimate of $CorEnergy Infrastructure Trust, per share for the current quarter. EPS was calculated based on a consensus of Borr Drilling Limited estimates, with a high estimate of $Sierra Bancorp per share and a lower estimate of $Forrester Research, Inc.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BORR’s latest balance sheet shows that the firm has $34.90M in Cash & Short Term Investments as of fiscal 2021. There were $1.92B in debt and $117.90M in liabilities at the time.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BORR is Buy with a score of 4.33.

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