Borr Drilling (NYSE:BORR) Downgraded to Strong Sell Rating by Zacks Research

Posted by Brian Himes on Sep 17th, 2026

Borr Drilling (NYSE:BORR – Get Free Report) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday, Zacks reports.

BORR has been the topic of several other research reports. SEB Equity Research set a $3.55 target price on Borr Drilling in a research report on Monday, August 17th. Capital One Financial set a $6.00 price target on Borr Drilling and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Wall Street Zen lowered Borr Drilling from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings lowered shares of Borr Drilling from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.27.

Get Our Latest Stock Analysis on Borr Drilling

Borr Drilling Stock Down 2.9%

Shares of Borr Drilling stock opened at $4.23 on Tuesday. Borr Drilling has a one year low of $2.44 and a one year high of $6.66. The company has a market cap of $1.34 billion, a P/E ratio of -5.43 and a beta of 1.03. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.53 and a current ratio of 2.53. The firm has a fifty day moving average of $4.28 and a two-hundred day moving average of $4.96.

Borr Drilling (NYSE:BORR – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.58). The firm had revenue of $232.30 million for the quarter, compared to analyst estimates of $245.96 million. Borr Drilling had a negative return on equity of 5.95% and a negative net margin of 23.98%. On average, analysts forecast that Borr Drilling will post -0.48 earnings per share for the current year.

Insider Activity

In other news, Director Jeffrey Currie purchased 125,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of $4.01 per share, with a total value of $501,250.00. Following the purchase, the director directly owned 479,423 shares of the company’s stock, valued at $1,922,486.23. The trade was a 35.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 7.90% of the company’s stock.

Hedge Funds Weigh In On Borr Drilling

Several hedge funds have recently bought and sold shares of the company. Optiver Holding B.V. grew its holdings in Borr Drilling by 186.4% in the first quarter. Optiver Holding B.V. now owns 5,060 shares of the company’s stock valued at $29,000 after purchasing an additional 3,293 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 worth $34,000 after buying an additional 8,133 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Borr Drilling during the 1st quarter worth $66,000. Great Lakes Advisors LLC purchased a new stake in shares of Borr Drilling in the 2nd quarter worth about $85,000. Finally, Amundi acquired a new stake in Borr Drilling in the 1st quarter valued at about $134,000. 83.12% of the stock is owned by hedge funds and other institutional investors.

Borr Drilling News Summary

Here are the key news stories impacting Borr Drilling this week:

Positive Sentiment: Borr Drilling agreed to sell its 51% stake in Perforaciones Estratégicas e Integrales Mexicana (Perfomex) to its Mexican partner while retaining ownership of three jackup rigs. The transaction streamlines the company’s Mexico operations, reduces joint-venture complexity and may improve capital allocation, although financial terms were not disclosed. Borr Drilling to sell 51% stake in Perfomex to Mexican partner
Positive Sentiment: The company announced new contract commitments and an operational update for the Odin jackup rig. Additional contracted work could support utilization, revenue visibility and backlog, though the available report does not provide contract values or durations. Borr Drilling Limited – Operational and Contracting Updates
Positive Sentiment: An investment analysis maintains a Buy rating, arguing that Borr is a focused operator of modern jackups positioned to benefit from a longer-term recovery in offshore drilling demand. The article also highlights recent debt refinancing on improved terms, which could extend the company’s financial runway. Borr Drilling: Jackup Market Recovery Pure Play With Substantial Upside
Neutral Sentiment: Borr Drilling published an investor presentation for the Pareto Securities Energy Conference. The presentation may provide updated strategic and market commentary, but no specific new financial guidance was identified in the announcement. Borr Drilling Limited – Investor Presentation
Negative Sentiment: The anticipated jackup-market recovery has been delayed by escalating Middle East conflict, leaving timing for stronger rig demand uncertain. Borr also continues to face execution and leverage risks while operating with negative earnings. Borr Drilling divests Mexico joint venture stake

Borr Drilling Company Profile

(Get Free Report)

Borr Drilling Limited is an offshore drilling contractor that provides drilling services to oil and gas companies. Its principal business is the operation of a fleet of modern jack-up drilling rigs, which are designed to operate in shallow-water environments and support exploration, development and production drilling programs.

The company offers rig contracting and related offshore drilling services, including equipment, crews and operational support. Its jack-up rigs are used for projects in established and emerging offshore energy markets, with operations serving customers across regions such as the North Sea, the Middle East, Southeast Asia, West Africa and the Americas, depending on contract activity.

Borr Drilling was established in 2016 and expanded through the acquisition and integration of jack-up drilling assets from other industry participants.