Borr Drilling Ltd (NYSE: BORR): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Borr Drilling Limited -Dividend declaration and key information relating to the cash distribution for the third quarter 2023.

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Stocks Info

BORR belongs to the Energy sector of the NYSE while operating in the Oil & Gas Drilling industry. At the end of the last regular session, the stock closed at $6.70 and fluctuated between $6.72 as its day high and $6.44 as its day low. The current market capitalization of Borr Drilling Ltd is $1.70B. A total of 1.65 million shares were traded on the day, compared to an average of 1.69M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. 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 0 BUYs and 0 SELLs from insiders. Insiders purchased 0 shares during that period but sold 0.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. BORR’s most recent ex-dividend date was 1/2/2024 when it declared a $0.05 quarterly dividend that was paid in cash on 1/22/2024.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, BORR has a high of $8.95 and a low of $5.41.

As of this writing, BORR has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.15 per share and a lower estimate of -$0.01. The company reported an EPS of $0 in the last quarter, which was -100.00% lower than expectations of $0.06.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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. Its Book Value Per Share was $3.73, while its Total Shareholder’s Equity was $889.90M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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