Last Updated: 14 Nov 2024
Executive Summary
Borr Drilling Ltd (BORR) is a global offshore drilling contractor headquartered in Hamilton, Bermuda. The company's latest stock price is $3.98. Borr Drilling has a market capitalization of $1.00 billion, an EBITDA of $479.4 million, and a trailing price-to-earnings (P/E) ratio of 11.76. The company has a strong financial position with a profit margin of 8.7% and a return on equity of 8.83%. Borr Drilling is expected to continue to grow in the future, with analysts forecasting a forward P/E of 6.19.
Company Overview
Borr Drilling is an offshore drilling contractor that provides services to the global oil and gas industry. The company has a fleet of 23 jack-up rigs and 11 semi-submersible rigs. Borr Drilling's customers include major oil and gas companies such as BP, Chevron, and ExxonMobil.
Fundamental Analysis
Borr Drilling's financial performance has been strong in recent quarters. The company's revenue increased by 0.262% year-over-year in the latest quarter, and its earnings per share (EPS) increased by 31.23%. Borr Drilling's profit margin and return on equity are also strong.
The company's balance sheet is also strong. Borr Drilling has $1.00 billion in cash and equivalents and $1.5 billion in debt. The company's debt-to-equity ratio is 0.67, which is a manageable level.
Technical Analysis
Borr Drilling's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also above 50, which indicates that the stock is in a bullish trend.
Short Term Outlook
Borr Drilling's stock is expected to continue to rise in the short term. The company's strong financial performance and positive technical indicators suggest that the stock is a good buy.
Long Term Outlook
Borr Drilling is expected to continue to grow in the long term. The company's fleet of modern rigs and its strong customer base position it well for future growth.
Analyst Recommendations
Analysts are bullish on Borr Drilling. The consensus analyst rating for the stock is "Buy." The average analyst target price for the stock is $9.50.
