Borr Drilling (NYSE:BORR) Posts Earnings Results, Misses Expectations By $0.01 EPS

Borr Drilling (NYSE:BORR) announced its quarterly earnings data on Wednesday. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01), Zacks reports. Borr Drilling had a net margin of 8.70% and a return on equity of 8.50%.

Borr Drilling Trading Down 2.5 %

Borr Drilling stock traded down $0.08 during midday trading on Wednesday, reaching $2.99. The stock had a trading volume of 9,246,928 shares, compared to its average volume of 5,661,880. Borr Drilling has a twelve month low of $2.91 and a twelve month high of $7.26. The stock has a market capitalization of $753.95 million, a PE ratio of 9.05 and a beta of 2.84. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current ratio of 1.41. The stock’s 50-day simple moving average is $3.60 and its 200 day simple moving average is $4.54.

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.