Borr Drilling (NYSE:BORR) Sets New 52-Week Low – Should You Sell?

Borr Drilling Limited (NYSE:BORR) shares reached a new 52-week low on Thursday . The stock traded as low as $2.05 and last traded at $2.07, with a volume of 2269756 shares trading hands. The stock had previously closed at $2.29.

Borr Drilling Stock Performance

The stock’s 50 day simple moving average is $2.71 and its two-hundred day simple moving average is $3.75. The company has a market capitalization of $418.83 million, a P/E ratio of 5.34 and a beta of 2.22. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.41 and a quick ratio of 1.41.

Borr Drilling (NYSE:BORR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%. The firm had revenue of $263.10 million during the quarter, compared to the consensus estimate of $247.78 million.

Borr Drilling Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were paid a $0.02 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.08 dividend on an annualized basis and a yield of 4.68%. Borr Drilling’s payout ratio is presently 31.25%.

Institutional Trading of Borr Drilling

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital International Investors lifted its stake in Borr Drilling by 0.5% in the fourth quarter. Capital International Investors now owns 18,780,294 shares of the company’s stock valued at $73,243,000 after buying an additional 88,412 shares during the period. FIL Ltd grew its holdings in Borr Drilling by 2.4% during the fourth quarter. FIL Ltd now owns 11,593,801 shares of the company’s stock valued at $45,216,000 after purchasing an additional 267,791 shares during the period. FMR LLC increased its stake in Borr Drilling by 0.4% in the third quarter. FMR LLC now owns 7,668,451 shares of the company’s stock valued at $42,108,000 after purchasing an additional 28,587 shares in the last quarter. State Street Corp raised its holdings in Borr Drilling by 0.6% in the third quarter. State Street Corp now owns 3,905,259 shares of the company’s stock worth $21,440,000 after purchasing an additional 22,800 shares during the period. Finally, Capital International Inc. CA boosted its position in shares of Borr Drilling by 1.2% during the fourth quarter. Capital International Inc. CA now owns 3,321,788 shares of the company’s stock worth $12,955,000 after purchasing an additional 40,885 shares in the last quarter. Institutional investors own 83.12% of the company’s stock.

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.