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Borr Drilling Limited

BORR · NYSE

Market closed$4.02$-0.140000 (-3.37%)After hours $4.04 · +0.50%

Key statistics

Previous close$4.02
Open$4.14
Day high$4.15
Day low$4.01
52-week high$6.66
52-week low$1.85
Market cap1.05B
Volume2.86M
Average volume7.45M
P/E ratio27.42
Forward P/E—
EPS0.15
Dividend yield0.00%

Market context

Why it moved

Borr Drilling shares declined as broader market weakness in the energy and offshore drilling sector was compounded by mixed earnings signals and a risk-off sentiment driven by the broader tech-led market turbulence following China's Kimi K3 AI disruption, which weighed on global equities.

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What is happening

Recent company-specific developments and publisher coverage.

July 21, 2026Borr Drilling closed down sharply amid a challenging backdrop for offshore drillers, as the company continues to grapple with fallout from its Q1 miss — where it ranked as the weakest performer among oilfield services peers, with shares down roughly 32% since reporting. An ongoing securities investigation by Bronstein, Gewirtz & Grossman tied to the Odin rig delay and earnings shortfall continues to weigh on sentiment. While rising Middle East tensions lifted Brent crude back above $90/bbl and broadly supported energy, BORR's near-term operational headwinds appear to be overshadowing any tailwind from higher oil prices.

-3.3654

July 18, 2026Borr Drilling edged lower, closing down nearly 1%, as the company was highlighted as the weakest Q1 performer among oilfield services peers — posting a significant miss on EBITDA and EPS estimates with revenues of $247M — and its stock has shed roughly 32% since those May results. Investors are now looking ahead to the Q2 earnings webcast on August 12, while monitoring mixed analyst sentiment (average "Moderate Buy" with a $4.88 price target) and a notable insider share sale by Director Mordehachvili in June. Energy was the top sector on Friday, jumping over 2%, providing some macro tailwind, but BORR continued to lag amid subdued volume and lingering concerns from Middle East rig disruptions earlier in the year.

-0.716

July 17, 2026Borr Drilling shares declined amid a broader energy sector pullback (XLE -1.28%) as investors weighed a challenging near-term outlook: the company posted a Q1 EPS miss (-$0.09 vs. -$0.02 estimate) and updated guidance points to a net loss in 2026 due to customer delays and higher operating costs. A notable insider sale of 8 million shares in June and mixed analyst sentiment ("Moderate Buy", avg. target $4.88) add to caution, though institutional interest remains with Goehring & Rozencwajg lifting its stake 30.6% in Q1. Investors now look ahead to Q2 results due August 11.

-3.0093

July 16, 2026Borr Drilling fell over 2% as investors weighed its updated 2026 guidance pointing to a net loss amid customer delays and higher operating costs, even as the company announced its Q2 results webcast scheduled for August 12. The decline comes despite several constructive recent developments — a completed debt refinancing extending maturities to 2032–2034, a Capital One Overweight initiation with a $6 price target, and a fleet expansion to 34 jack-up rigs through the pending $287M Mexico acquisition — leaving investors focused on near-term utilization headwinds before the enlarged fleet is fully absorbed.

-2.2624

July 15, 2026Borr Drilling closed modestly lower as investors weighed a series of positive strategic developments against near-term operational headwinds. The company completed a significant debt refinancing in early July that extended maturities and reduced total debt outstanding, while Capital One initiated coverage with an Overweight rating and a $6 price target — implying over 37% upside. Despite these catalysts, lingering concerns from Q1's Odin rig delays and Middle East geopolitical risk continue to weigh on sentiment, even as renewed Gulf tensions and elevated Brent crude prices (~$97/bbl in Q2) support the longer-term offshore drilling demand outlook.

-0.8969

July 14, 2026Borr Drilling shares rose 3% on renewed energy sector momentum as escalating US-Iran tensions pushed Brent crude toward $80 per barrel and closed the Strait of Hormuz, reigniting interest in offshore drillers. The gains build on a positive backdrop for the company: Capital One recently initiated coverage with an Overweight rating and $6 price target, while an early July debt refinancing extended Borr's maturity profile and reduced near-term obligations — steps that bolster the balance sheet as jack-up dayrates and utilization trends remain constructive.

3.0023

July 11, 2026Borr Drilling shares closed modestly lower, pressured by a pullback in crude oil prices that weighed on the broader energy sector. The decline comes amid a challenging backdrop for the company: BORR delivered the weakest Q1 2026 results among oilfield services peers — missing revenue, EBITDA, and EPS estimates — and shares have fallen roughly 28% since that report. Analyst concern centers on its elevated 182x forward P/E, ongoing cash burn, and a $29 million net loss in Q1, though longer-term watchers note fleet expansion efforts, new contract wins, and a strategic investor's trimming (rather than fundamental deterioration) as key factors behind recent selling pressure.

-0.9153

July 10, 2026Borr Drilling declined amid a tough backdrop for offshore drilling services stocks, as the broader oilfield services sector continues to reel from a weak Q1 earnings cycle — the company posted the weakest performance against analyst estimates in its peer group, with revenues of $247M missing expectations and EBITDA falling sharply. Despite recent fleet expansion moves (a $360M acquisition of five Noble Corp jack-up rigs and a $287M JV for five more) and a fresh Overweight initiation from Capital One with a $6 price target, shares remain under pressure and are down ~28% since Q1 results. Renewed US-Iran tensions and WTI crude volatility added uncertainty across the energy sector, while a Simply Wall St analysis estimates BORR is ~22% undervalued at a fair value of $5.75.

-3.532

Offshore-Energy.biz · July 17, 2026Borr Drilling’s Mexican JV closer to being five rigs richer as sale clears regulatory hurdleDrilling Contractor · July 17, 2026Borr JV clears hurdle to acquire five Fontis jackupsSimply Wall Street · July 15, 2026How Borr Drilling's Mexico Fleet Expansion and 2026 Loss Outlook Will Impact Borr (BORR) InvestorsStock Titan · July 15, 2026Borr Drilling Sets Live Q2 Results Webcast for Aug. 12Seeking Alpha · June 15, 2026Borr Drilling: A Strategic Investor's Trimming Is Putting Near-Term Pressure On The StockInvesting.com · May 26, 2026Borr Drilling launches tender offers for 2028 and 2030 notesSeeking Alpha · April 17, 2026Borr Drilling: Recent Pullback Provides Buying Opportunity (Rating Upgrade) (NYSE:BORR)Stocktwits · March 23, 2026Borr Drilling Stock Edges Up After Acquisition Of 5 Jack-Up Rigs In Mexico For $287M
Mt Newswire · July 1, 2026Capital One Initiates Borr Drilling at Overweight With $6 Price Target
Mt Newswire · June 30, 2026Borr Drilling Completes Redemption of Remaining Outstanding Notes Due 2028, 2030
Mt Newswire · June 10, 2026Borr Drilling Insider Sold Shares Worth $37,600,000, According to a Recent SEC Filing
Mt Newswire · June 10, 2026Borr Drilling Insider Bought Shares Worth $4,996,100, According to a Recent SEC Filing
Mt Newswire · June 10, 2026Borr Drilling Prices Offer for Early Redemption of 2028 Senior Notes
Mt Newswire · May 28, 2026Borr Drilling Prices Upsized $2.04 Billion Debt Offering, Expands Notes Tender Offer; Shares Up Pre-Bell
Mt Newswire · May 28, 2026Borr Drilling Units Prices $2 Billion Senior Notes Offering
Mt Newswire · May 27, 2026Borr Drilling Launches Offer to Buy Back $1.58 Billion Senior Notes

Peers

S&P 500SPX · $7,443.28-0.19%Valaris LimitedVAL · $74.39-2.81%Noble Corporation PlcNE · $40.15-3.25%Transocean Ltd.RIG · $5.05-1.77%Seadrill LimitedSDRL · $42.49-1.42%Nabors Industries Ltd.NBR · $84.50+0.73%Helmerich & Payne, Inc.HP · $33.15-2.90%Patterson-UTI Energy, Inc.PTEN · $10.02-0.04%Precision Drilling CorporationPDS · $82.37-1.54%Sable Offshore Corp.SOC · $4.32-0.69%Halliburton CompanyHAL · $35.12-0.28%NOV Inc.NOV · $19.55+0.15%