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An announcement from Borr Drilling ( (BORR) ) is now available.
On August 27, 2025, Borr Drilling Limited announced new contract commitments for its jack-up rigs, Prospector 1 and Natt, in the North Sea and West Africa, respectively. These contracts, with Dana Petroleum, ONE-Dyas, and New Age, cover a combined duration of 300 days and are expected to generate over $43 million in revenue backlog. Additionally, a previously announced contract for the rig Odin in Mexico has commenced operations, highlighting Borr Drilling’s expanding operational footprint and strengthening its position in the offshore drilling market.
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 Neutral.
Borr Drilling’s overall stock score reflects strong earnings performance and attractive valuation, offset by financial risks due to high leverage and negative cash flow. Positive technical indicators and a promising earnings outlook further support the score.
To see Spark’s full report on BORR stock, click here.
More about Borr Drilling
Borr Drilling Limited operates in the offshore drilling industry, providing premium jack-up rigs for oil and gas exploration and production. The company focuses on delivering high-performance drilling services to major oil companies, primarily in regions such as the North Sea and West Africa.
Average Trading Volume: 5,415,494
Technical Sentiment Signal: Hold
Current Market Cap: $753.4M
See more insights into BORR stock on TipRanks’ Stock Analysis page.