Borr Drilling (NYSE:BORR) Shares Gap Down Following Weak Earnings

Posted by Brenda Bartman on May 21st, 2026

Borr Drilling Limited (NYSE:BORR – Get Free Report) gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $6.18, but opened at $5.76. Borr Drilling shares last traded at $5.2040, with a volume of 7,574,452 shares trading hands.

The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The company had revenue of $247.00 million for the quarter, compared to the consensus estimate of $253.35 million. Borr Drilling had a net margin of 4.41% and a return on equity of 4.14%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BORR. Wall Street Zen cut Borr Drilling from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Citigroup lifted their target price on Borr Drilling from $6.00 to $6.25 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Fearnley Fonds upgraded Borr Drilling from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings cut Borr Drilling from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.33.

Check Out Our Latest Stock Report on BORR

Institutional Trading of Borr Drilling

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its position in Borr Drilling by 2,435.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 8,467 shares of the company’s stock valued at $34,000 after purchasing an additional 8,133 shares during the period. Inspire Advisors LLC acquired a new stake in Borr Drilling in the fourth quarter worth $44,000. Baader Bank Aktiengesellschaft bought a new stake in Borr Drilling in the third quarter valued at $30,000. Cetera Investment Advisers acquired a new position in shares of Borr Drilling during the first quarter valued at $66,000. Finally, Regatta Capital Group LLC acquired a new position in shares of Borr Drilling during the fourth quarter valued at $47,000. 83.12% of the stock is currently owned by institutional investors and hedge funds.

Borr Drilling Stock Down 14.6%

The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 1.65. The firm’s 50-day moving average price is $5.71 and its 200 day moving average price is $4.82. The firm has a market cap of $1.67 billion, a P/E ratio of 31.06 and a beta of 1.04.

Borr Drilling Company Profile

(Get Free Report)

Borr Drilling is an international offshore drilling contractor providing premium jack-up drilling services to the oil and gas industry. Established in 2016 and incorporated in Bermuda with headquarters in Hamilton, the company is listed on the New York Stock Exchange under the ticker symbol BORR. Borr Drilling focuses exclusively on the ownership and operation of mobile offshore jack-up rigs, catering to exploration and production drilling projects in both mature and emerging hydrocarbon regions.

The company’s core business activities encompass the long-term contracting of high-specification jack-up rigs suitable for shallow-to-intermediate water depths.