Borr Drilling (BORR) Receives a Sell from Kepler Capital
Kepler Capital analyst Kevin Roger maintained a Sell rating on Borr Drilling (BORR) on September 14 and set a price target of NOK2.00. The company’s shares closed last Tuesday at $0.80, close to its 52-week low of $0.24.
According to TipRanks.com, Roger is a 2-star analyst with an average return of 0.7% and a 37.0% success rate. Roger covers the Industrial Goods sector, focusing on stocks such as Shelf Drilling, Kvaerner ASA, and BW Offshore.
Borr Drilling has an analyst consensus of Moderate Sell, with a price target consensus of $0.66.
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Based on Borr Drilling’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $84 million and GAAP net loss of $110 million. In comparison, last year the company earned revenue of $86.6 million and had a GAAP net loss of $103 million.
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Borr Drilling Ltd. engages in the provision of drilling services to the oil and gas exploration and production industry. The firm will acquire and operate drilling assets. The company was founded on August 8, 2016 and is headquartered in Hamilton, Bermuda.