Borr Drilling Limited (NYSE:BORR) Given Average Rating of "Moderate Buy" by Analysts
Borr Drilling Limited (NYSE:BORR) has received a consensus "Moderate Buy" rating from analysts, with an average twelve-month price target of $5.2667. Recent analyst reports show mixed recommendations, including a price target set by SEB Equity Research, an upgrade by Zacks Research, and downgrades by Wall Street Zen and Weiss Ratings. The company recently reported quarterly earnings of ($0.79) EPS, missing consensus estimates, and had revenue of $232.30 million.
Borr Drilling (BORR) Reported A Q2 Loss, Is The Stock Below Fair Value?
Borr Drilling (BORR) reported a Q2 loss, contrasting with its recent short-term share price gains and an 88.3% one-year return. Analysts have a consensus price target of $4.76, suggesting the stock is slightly undervalued, with a fair value narrative placing it at $4.76 per share. Despite potential undervaluation, the article advises considering risks like high leverage and contract disruptions.
Borr Drilling (BORR) Reported A Q2 Loss, Is The Stock Below Fair Value?
Borr Drilling (NYSE:BORR) reported a Q2 2026 loss and lower sales compared to the previous year, causing investor focus despite recent short-term share price gains. The stock is currently trading slightly below analyst targets but has a larger implied discount to some fair value estimates, with the most followed narrative placing its fair value at $4.76 per share, indicating it is undervalued. However, the analysis also highlights risks such as high leverage and potential contract disruptions.
Insider-Linked Share Purchase Signals Confidence at Borr Drilling
Drew Holdings Ltd., associated with Borr Drilling director Tor Olav Trøim, purchased 500,000 shares of Borr Drilling (BORR) for approximately $4.3868 per share. This insider-related transaction is seen as a signal of confidence in the company's prospects by an affiliate of a key board member. The offshore drilling contractor, dual-listed in New York and Oslo, maintains a "Buy" analyst rating with a $6.80 price target.
Cobas holds double-digit stake in Borr Drilling (NYSE: BORR)
COBAS ASSET MANAGEMENT, SGIIC, S.A., a Spanish investment manager, has reported a 10.2% beneficial ownership stake in Borr Drilling Ltd (NYSE: BORR). This involves 31,331,960 common shares, over which COBAS holds sole voting and sole dispositive power. The filing, a Schedule 13G, indicates a moderate impact and neutral sentiment, highlighting COBAS's significant influence over the company's shareholder matters.
Drew Holdings Buys About $2.20 Million Worth Of Borr Drilling Shares
Drew Holdings has purchased approximately $2.20 million worth of shares in Borr Drilling. The article, sourced from Reuters, indicates this significant investment by Drew Holdings in the drilling company.
Borr Drilling Limited - Notification of PDMR Transaction
Borr Drilling Limited announced that Drew Holdings Ltd., a close associate of director Tor Olav Trøim, purchased 500,000 shares of the company. The shares were acquired at an average price of USD 4.3868 per share. Borr Drilling is an international drilling contractor specializing in shallow-water offshore oil and gas operations.
Empowered Funds LLC Boosts Stock Holdings in Borr Drilling Limited $BORR
Empowered Funds LLC significantly increased its stake in Borr Drilling Limited by 115.2% in the first quarter, now owning 1.42 million shares valued at $8.2 million. Despite this, Borr Drilling reported a larger-than-expected quarterly loss of $0.79 per share and missed revenue estimates. Analyst sentiment is a "Moderate Buy" with a $4.88 price target, but insider activity was mixed, with one director buying and another selling a substantial number of shares.
BORR Stock Rises As Borr Drilling Directors Buy After Weak Quarter
Borr Drilling Limited (BORR) saw its stock rise by 9.87% despite a weak Q2 2026 revenue report, driven by news of offshore drilling contract expansion and significant insider buying. Two directors, Jeffrey Currie and Tor Olav Troim, collectively purchased shares worth approximately $6.5 million, signaling strong confidence in the company's future. Additionally, a new 50:50 Mexican joint venture acquired five premium jack-up rigs, expanding Borr Drilling's fleet and setting up potential for future revenue growth.
BORR Rises As Borr Drilling Directors Boost Stakes
Borr Drilling Limited (BORR) saw its stock rise by 9.87% despite missing Q2 2026 revenue and adjusted EBITDA expectations. The optimism is driven by strong contract wins, a strategic acquisition of five jack-up rigs in Mexico, and significant insider buying by directors Jeffrey Currie and Tor Olav Troim, signaling strong confidence in the company's future. While the company faces challenges with high leverage and past losses, analysts suggest a potential re-rating towards $5.25–5.75 within 6–12 months.
Granular Capital (BORR) discloses 40.1M-share, 13.01% holding in Borr Drilling
Granular Capital Ltd, a UK-based investment firm, has disclosed a 13.01% stake in Borr Drilling Ltd, holding 40,145,132 common shares. This information comes from an amended Schedule 13G filing, indicating that Granular Capital has sole voting and dispositive power over these shares. The firm is regulated by the UK Financial Conduct Authority and functions as the equivalent of a U.S. registered investment adviser.
Borr Drilling (NYSE:BORR) Shares Gap Up Following Insider Buying Activity
Borr Drilling (NYSE:BORR) shares gapped up after Director Jeffrey Currie purchased 125,000 shares for over $500,000. This insider buying activity occurred despite the company recently reporting a significant quarterly loss and missing revenue estimates. Analyst ratings for BORR are mixed, but the consensus is a "Moderate Buy" with an average price target of $4.88.
Borr Drilling (NYSE:BORR) Director Jeffrey Currie Purchases 125,000 Shares of Stock
Borr Drilling Director Jeffrey Currie recently purchased 125,000 shares of the company's stock for over $500,000, increasing his direct ownership by 35.27%. This comes as Borr Drilling reported a larger-than-expected quarterly loss of $0.79 per share and missed revenue estimates. Despite the poor earnings, institutional investors hold a significant portion of the stock, and analysts maintain a "Moderate Buy" rating with an average price target of $4.88.
BORR Extends Mexican Rig Bet As Earnings Momentum Stumbles
Borr Drilling Limited (BORR) saw its shares rise 9.03% despite a Q2 2026 revenue miss and a drop in adjusted EBITDA due to fewer operating rigs and one-off costs. The market reacted positively to the company's strategic acquisition of five premium jack-up rigs through its Mexican joint venture, BC Ventures, which expands its fleet to 34 units with favorable financing terms. This expansion signals a focus on long-term growth in shallow-water markets, outweighing the short-term earnings stumble for momentum traders.
Borr Drilling (BORR) director Tor Olav Troim purchases 1.5M common shares
Tor Olav Troim, a director of Borr Drilling Ltd (BORR), purchased 1,500,000 common shares indirectly through Drew Holdings Ltd. on August 13, 2026, at a price of $4.0245 per share. This transaction increases his indirect holdings to 28,685,941 common shares, in addition to 81,867 directly held shares, which include restricted stock units. The purchase signals a very positive sentiment regarding the company.
Borr Drilling (BORR) director Jeffrey Currie buys 125K shares at $4.01
Borr Drilling Ltd director Jeffrey Currie purchased 125,000 Common Shares on August 13, 2026, at an average price of $4.0131 per share. This transaction increases his direct holdings to 479,423 shares, which includes 54,545 restricted stock units that are set to vest on September 30, 2026, conditional on his continued service as a director. The filing indicates a high impact and positive sentiment for this insider trading activity.
Borr Drilling Limited - Notification of PDMR Transactions
Borr Drilling Limited announced that two Persons Discharging Managerial Responsibilities (PDMRs) have purchased company shares. Drew Holdings Ltd., a close associate of director Tor Olav Trøim, bought 1,500,000 shares for approximately $4.0245 each, and director Jeffrey Currie purchased 125,000 shares at about $4.0131 each. These transactions were disclosed in compliance with MAR Article 19 and the Norwegian Securities Trading Act.
Borr Drilling (BORR) Stock Can Backlog Growth Outrun A Deepening Loss?
Borr Drilling's stock has declined despite a low P/S multiple and bullish long-range forecasts, as its Q2 2026 net loss widened significantly to US$241.4m due to refinancing and rig transition costs. While contract coverage for 2026 remains strong, supporting the bullish narrative, the deepened losses and increased refinancing costs raise concerns about the company's ability to convert its backlog into stable cash flow and address its leverage. Bears point to execution risks and the impact of debt extinguishment on the income statement, questioning if the balance sheet can support the turnaround.
Borr Drilling Ltd (BORR) CFO details extensive option awards and share stake
Borr Drilling Ltd's CFO, Magnus Vaaler, has reported his equity holdings, which consist of employee stock options and direct common share ownership. The options have exercise prices ranging from $1.66 to $6.54 and expiration dates between 2026 and 2029, with vesting tied to continued employment. Vaaler also directly owns 266,711 common shares, including restricted stock units that vest between 2026 and 2028.
Borr Drilling Ltd (BORR) CAO details 68,729 shares and multiple option grants
Borr Drilling Ltd's Chief Accounting Officer, Jehan Mawjee, reported current equity holdings including 68,729 common shares and multiple employee stock options. The filing indicates no new purchases or sales, but details restricted stock units (RSUs) vesting between 2026 and 2028 and options with exercise prices ranging from $1.66 to $6.54, expiring between 2026 and 2029. An amendment to an August 2021 option grant to extend its expiration date was also noted.
Borr Drilling (NYSE: BORR) swings to $241M Q2 loss after major refinancing
Borr Drilling (NYSE: BORR) reported a significant Q2 2026 net loss of $241.4 million, a sharp increase from $29.0 million in Q1 2026, despite revenues of $232.3 million. This loss followed a major refinancing effort where the company issued $2.035 billion in new senior secured notes and $300 million in convertible notes to redeem older debts. Management expects profitability to recover as fleet transitions are completed, highlighting strong contracting momentum with $541 million in new backlog year-to-date and solid liquidity of $473 million.
Seven Borr Drilling rigs find more work in Asia, Europe, and Africa
Borr Drilling has secured multiple new contracts and extensions for seven of its jack-up rigs across Asia, Europe, and Africa, significantly boosting its contract coverage for 2026 to 73% at an average day rate of $134,000. The new assignments and extensions for rigs like Idun, Gunnlod, Prospector 1, Gerd, Galar, Gersemi, and Mist are primarily in Vietnam, the Netherlands, Ivory Coast, Mexico, and Malaysia. Despite a Q2 2026 net loss driven by a debt extinguishment charge, the company expanded its fleet by acquiring five premium jack-up rigs through a joint venture, with plans to deploy the remaining uncontracted units.
Why Borr Drilling Stock Withered on Wednesday
Borr Drilling's stock declined significantly after its Q2 earnings report, primarily due to a large debt extinguishment charge and missing analyst estimates for both revenue and earnings. Despite the financial shortfall and an uncertain outlook due to the U.S.-Iran conflict, the company maintains high utilization rates, suggesting operational strength. The stock's current valuation might present a buying opportunity, although a major analyst firm did not include it in their top stock picks.
Borr Drilling Limited - Filing of Interim Financial Report on Form 6-K
Borr Drilling Limited has filed its unaudited interim financial report on Form 6-K for the three and six months ended June 30, 2026, with the U.S. Securities and Exchange Commission (SEC). The report is accessible on the SEC's website and the company's investor section. Borr Drilling is an international drilling contractor specializing in shallow-water segments for the offshore oil and gas industry.
Borr Drilling Limited - Q2 2026 Presentation
This document is the Q2 2026 Presentation for Borr Drilling Limited. It contains the company's financial results and operational updates for the second quarter of 2026.
Borr Drilling: Q2 Earnings Snapshot
The article "Borr Drilling: Q2 Earnings Snapshot" is a placeholder for an earnings report. The current content is empty except for a privacy protection message, indicating that the actual financial details for Borr Drilling's Q2 earnings are not yet available or were not included in this provided snippet.
Borr Drilling Reports Quarterly Loss
Borr Drilling reported a significant net loss of $241.4 million in Q2 2026, primarily due to a large debt extinguishment charge, despite generating $232.3 million in operating revenues. The company's adjusted EBITDA decreased by 51% to $43.8 million, attributed to delays with the Odin rig, rig transitions, increased operating costs due to the Middle East conflict, and credit losses. Subsequent to the quarter, Borr Drilling acquired five premium jack-up rigs through a joint venture and secured 21 new contract commitments year-to-date.
Borr Drilling Completes $287M Purchase of Five Jack-Up Rigs
Borr Drilling reported a Q2 2026 net loss of $241.4 million, heavily impacted by a $176.3 million debt extinguishment charge related to refinancing. Despite the loss, the company secured $541 million in new contracts year-to-date and completed the acquisition of five premium jack-up rigs for $287 million through a joint venture, enhancing its fleet and future operational capacity. The company expects improved Adjusted EBITDA in Q3 as transitioning rigs become fully operational.
Borr Drilling (BORR) Is Up 5.9% After Q2 2026 Earnings Miss, Outlook Cut - What's Changed
Borr Drilling (BORR) saw its stock rise by 5.9% despite missing Q2 2026 earnings expectations and analysts cutting their full-year revenue and earnings estimates for 2026 and 2027. The company's investment narrative, which relies on sustained demand for jack-up rigs and effective debt management, is now complicated by near-term earnings uncertainty. Borr Drilling's recent debt tender offers aim to smooth its maturity profile and reduce refinancing pressure, potentially making new contract wins more valuable to shareholders.
Borr Drilling earnings on deck after aggressive rig buys
Borr Drilling Ltd is set to report its second-quarter earnings, with analysts expecting a loss of $0.10 per share on revenues of $249.19 million, despite aggressive fleet expansion. Investors will focus on utilization rates, contract pricing, and backlog visibility following recent rig acquisitions. The report will assess if the company's significant investment in new rigs is translating into financial improvement amid a recovering shallow-water market.
Borr Drilling (BORR) Reports Earnings Tomorrow: What To Expect
Borr Drilling (BORR) is set to report its earnings tomorrow after the bell. The company previously missed analysts' revenue, EBITDA, and EPS estimates. The market anticipates a 7.5% year-on-year revenue decline, and analysts have largely maintained their estimates, while the stock is down 13% over the last month.
Earnings To Watch: Borr Drilling Ltd (BORR) Q2 2026 -- GF Value Sees 46% Upside
Borr Drilling Ltd (NYSE:BORR) is scheduled to release its Q2 2026 earnings on August 11, 2026, with revenue estimated at $247.52 million and a loss of $0.2 per share. Despite revenue and earnings estimate declines for 2026 and 2027, the average analyst target price suggests a 25.43% upside, and GuruFocus estimates a 46.11% upside to its GF Value. The company currently holds an "Outperform" status based on analyst recommendations.
Borr Drilling (BORR) Reports Earnings Tomorrow: What To Expect
Offshore drilling contractor Borr Drilling (BORR) is set to report its earnings, with analysts anticipating a 7.5% year-on-year revenue decline. The company missed revenue, EBITDA, and EPS estimates in the previous quarter. Other oilfield services companies, World Kinect and Select Water Solutions, have reported stronger Q2 results, exceeding analyst expectations.
Borr Drilling (BORR) Reports Earnings Tomorrow: What To Expect
Borr Drilling (NYSE:BORR) is set to report its earnings this Tuesday after the bell. Analysts expect a 7.5% year-on-year revenue decline, following a disappointing previous quarter where the company missed revenue, EBITDA, and EPS estimates. Peer performance in the oilfield services segment shows mixed results, with Borr Drilling's shares down 13% over the last month, heading into earnings with an average analyst price target of $5.01.
Wall Street Zen Downgrades Borr Drilling (NYSE:BORR) to Strong Sell
Wall Street Zen has downgraded Borr Drilling (NYSE:BORR) from a "sell" to a "strong sell" rating, despite other analysts maintaining a "Moderate Buy" consensus with an average target price of $4.88. This downgrade follows Borr Drilling reporting a quarterly loss of $0.09 per share and revenue of $247 million, both missing analyst expectations. Additionally, a company director sold 8 million shares worth $37.6 million, reducing his ownership by 17.32%.
Dimensional Fund Advisors LP Has $20.15 Million Position in Borr Drilling Limited $BORR
Dimensional Fund Advisors LP significantly increased its stake in Borr Drilling Limited by 167.3% to approximately 3.49 million shares, valued at $20.15 million, during the first quarter. This comes as Borr Drilling reported mixed quarterly results, missing revenue and EPS estimates, with its shares trading below key moving averages. Institutional investors now own 83.12% of the company, and analysts hold a consensus "Moderate Buy" rating despite a recent insider share sale by a director.
Drew Holdings discloses 8.8% ownership of Borr Drilling (BORR) common shares
Drew Holdings Ltd. has reported an 8.8% ownership stake in Borr Drilling Limited, equivalent to 27,185,941 common shares, as of June 30, 2026. These shares are held with sole voting and dispositive power, with Mr. Tor Olav Troim potentially being deemed the beneficial owner. The disclosure was made via an amended Schedule 13G/A filing with the SEC.
Borr Drilling (BORR) Expected to Announce Earnings on Tuesday
Borr Drilling (BORR) is anticipated to report its Q2 2026 earnings after market close on Tuesday, August 11th. Analysts project a loss of $0.11 per share on revenue of approximately $246.8 million, with the earnings call scheduled for August 12th. The company previously missed expectations, reporting a wider loss and lower revenue than forecast.
Borr Drilling’s BC Ventures joint venture acquires five jack-up rigs in Mexico for $287 million
Borr Drilling's 50/50 joint venture, BC Ventures, has acquired five jack-up rigs in Mexico from Fontis Finance for $287 million. The deal, which includes two Friede & Goldman JU-2000E rigs and three LeTourneau Super 116-C units, was financed primarily through a $237 million non-recourse seller's credit. This acquisition expands Borr Drilling's fleet to 34 rigs and strengthens its presence in Mexico's shallow-water drilling market, with all five rigs already operational and generating revenue.
374,429 Shares in Borr Drilling Limited $BORR Acquired by Lazard Asset Management LLC
Lazard Asset Management LLC recently acquired 374,429 shares of Borr Drilling Limited (NYSE:BORR) worth approximately $2.16 million, giving the firm a 0.12% stake. This comes as institutional investors now collectively own 83.12% of the company, though a director, Thiago Mordehachvili, sold 8 million shares reducing his ownership by 17.32%. Analyst sentiment for Borr Drilling is a "Moderate Buy" despite the company missing recent quarterly earnings and revenue expectations.
Borr Drilling Limited (BORR) Investigation: Bronstein, Gewirtz
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against Borr Drilling Limited (NYSE:BORR) after the company's Q1 2026 financial results, announced on May 20, 2026, fell short of consensus estimates. The shortfall was attributed to the delayed start-up of the Odin drilling rig, causing Borr shares to drop over 8.7%. The firm encourages investors who purchased Borr securities to contact them for more information regarding the investigation.
Borr Drilling acquires five Mexico jackups as Keppel launches offshore rig fund
Borr Drilling has expanded its fleet by acquiring five jackup rigs in Mexico through its joint venture BC Ventures for $287 million. Concurrently, Keppel is establishing a new offshore fund to monetize up to 10 legacy rigs, with six operational rigs set to be divested for $1.2 billion and four more planned for divestment between 2027-2028. Both moves reflect a strengthening offshore drilling market characterized by high utilization rates and an aging global rig fleet with limited newbuild activity, supporting strong demand and asset values for modern rigs.
Borr Drilling Limited Stock 12‑Month Price Target Cut to $5.76, Implies 50% Upside
Borr Drilling Limited's average 12-month price target has been lowered from $6.04 to $5.76 by nine analysts, with forecasts ranging from $3.5 to $6.8 per share. Despite the cut, the updated target suggests a potential upside of approximately 50% from the July 29 closing price, and covering analysts maintain a "Buy" consensus rating.
BORR|Borr Drilling Ltd|Price:3.845|Chg%:-0.055
Borr Drilling Ltd has a relatively stable fundamental outlook with significant growth potential, though its stock price is expected to trend down in the medium term. The company, an offshore shallow-water drilling contractor, exhibits strengths in high revenue and profit growth, and offers a high dividend. Despite strong fundamentals, there's a noted institutional selling trend and lower market activity.
Borr Drilling Buys Five Jack-Up Rigs for $287M in Mexican Offshore Deal - News and Statistics
Borr Drilling, through its equally-owned joint venture BC Ventures, has acquired five jack-up rigs for $287 million to operate in the shallow-water Mexican offshore market. The rigs, previously owned by Paratus Energy Services, were purchased with significant seller financing. This marks Borr Drilling's second major rig acquisition in 2026, expanding its fleet to 34 rigs, while Paratus Energy Services will now focus solely on the pipelay support vessel sector.
Borr Drilling Buys Paratus' Jack-Up Fleet for Mexican Market
Borr Drilling, through its Mexican joint venture BC Ventures, has acquired five jack-up rigs from Paratus Energy Services for approximately $287 million. This acquisition, which includes seller financing, expands Borr Drilling's fleet to 34 rigs. Paratus Energy Services, a firm spun off from Seadrill, will now focus exclusively on the pipelay support vessel (PLSV) sector.
Borr Drilling completes $287M acquisition of five jack-ups through new JV
Borr Drilling, through its new 50/50 joint venture BC Ventures Limited, has completed the acquisition of five premium jack-up rigs for $287 million from Fontis Finance Ltd. The acquisition includes two Friede & Goldman JU-2000E design rigs and three LeTourneau Super 116-C design rigs, currently located in Mexico. This strategic move increases Borr Drilling's owned and jointly-owned fleet to 34 rigs, expanding its presence in the Mexican shallow-water market.
Borr Drilling fleet grows to 34 rigs as Fontis deal closes
Borr Drilling's fleet has expanded to 34 rigs following the completion of its joint venture's acquisition of five jackup rigs from Fontis Finance for $287 million. The acquisition, financed primarily through a non-recourse seller's credit and cash contributions, increases Borr Drilling's presence in the Mexican shallow-water market. The five rigs involved in the deal are currently located in Mexico.
Borr Drilling rises as Mexican JV completes purchase of five rigs for $287M (BORR:NYSE)
Borr Drilling's stock rose 4.3% pre-market after its 50-50 joint venture in Mexico finalized the acquisition of five premium jack-up rigs for $287 million. The purchase was made from Fontis Finance. Borr Drilling (BORR) is partnering with a well construction company for this Mexican venture.
Borr Drilling (NYSE: BORR) JV buys five jack-up rigs for $287M
Borr Drilling's 50/50 joint venture, BC Ventures Limited, has acquired five premium jack-up rigs for $287 million. This strategic move increases Borr Drilling's fleet to 34 rigs and enhances its presence in the Mexican shallow-water market. The acquisition was financed through a non-recourse seller's credit and cash contributions from both joint-venture partners.
