Borr Drilling (BORR) Scheduled to Post Earnings on Wednesday

Borr Drilling (NYSE:BORR) will be announcing its earnings results after the market closes on Wednesday, November 6th. Individual that wish to register for the company’s earnings conference call can do so using this link.

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

Borr Drilling Stock Performance

BORR stock opened at $4.19 on Tuesday. Borr Drilling has a one year low of $4.04 and a one year high of $7.61. The firm’s 50 day moving average price is $5.35 and its 200-day moving average price is $5.92. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.75.

Borr Drilling Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Thursday, August 22nd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.55%. The ex-dividend date was Thursday, August 22nd. Borr Drilling’s dividend payout ratio (DPR) is 34.48%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI upgraded shares of Borr Drilling from an “in-line” rating to an “outperform” rating and set a $9.00 price target on the stock in a research note on Friday, September 13th.

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.