Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Borr Drilling ( (BORR) ) just unveiled an announcement.
On July 2, 2025, Borr Drilling Limited announced a significant financial restructuring and leadership transition. The company secured commitments to increase its liquidity by over $200 million through a financing package, which includes an increase in its super senior revolving credit facility and a proposed $100 million equity raise. This financial strengthening aims to support Borr’s long-term strategy and growth opportunities. Additionally, Borr revealed a CEO succession plan, with Bruno Morand set to take over as CEO on September 1, 2025, while current CEO Patrick Schorn will transition to Executive Chairman. These changes are expected to ensure continuity and expand leadership capacity, positioning Borr for future growth and industry consolidation.
The most recent analyst rating on (BORR) stock is a Buy with a $9.00 price target. To see the full list of analyst forecasts on Borr Drilling stock, see the BORR Stock Forecast page.
Spark’s Take on BORR Stock
According to Spark, TipRanks’ AI Analyst, BORR is a Neutral.
Borr Drilling’s overall stock score reflects strong revenue growth and operational efficiency, offset by high leverage, negative cash flow, and recent financial setbacks. The suspension of the dividend and mixed technical indicators further add to the uncertainty, making it crucial for the company to stabilize its financials for long-term success.
To see Spark’s full report on BORR stock, click here.
More about Borr Drilling
Borr Drilling Limited is a leading international jackup drilling contractor, specializing in providing offshore drilling services. The company focuses on the shallow water development drilling market, leveraging its superior assets and operations to differentiate itself in a volatile industry.
Average Trading Volume: 6,060,263
Technical Sentiment Signal: Sell
Current Market Cap: $466.7M
See more data about BORR stock on TipRanks’ Stock Analysis page.