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Borr Drilling ( (BORR) ) has provided an update.
On July 3, 2025, Borr Drilling conducted a public offering of 50,000,000 shares at $2.05 per share, raising $102.5 million in gross proceeds. The offering was completed in two settlements, with the first settlement of 30,000,000 shares on July 7, 2025, and the final settlement of 20,000,000 shares on August 7, 2025. This capital raise is expected to impact the company’s liquidity positively and support its operations in the competitive offshore drilling industry.
The most recent analyst rating on (BORR) stock is a Hold with a $2.50 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 Outperform.
Borr Drilling’s overall stock score reflects strong valuation and technical indicators, offset by financial performance concerns and challenges highlighted in the earnings call. The company’s attractive valuation and positive technical trends are significant strengths, but high leverage, negative cash flow, and recent financial setbacks pose risks.
To see Spark’s full report on BORR stock, click here.
More about Borr Drilling
Borr Drilling Limited is an offshore shallow-water drilling contractor that provides worldwide offshore drilling services to the oil and gas industry. The company primarily owns, contracts, and operates jack-up rigs in shallow-water areas, offering related equipment and work crews for oil and gas drilling and workover operations. Its fleet consists of 24 premium jack-up rigs.
Average Trading Volume: 5,361,762
Technical Sentiment Signal: Sell
Current Market Cap: $631M
See more data about BORR stock on TipRanks’ Stock Analysis page.